DETROIT, Jan. 28 /PRNewswire-FirstCall/ -- The board of directors of
Comerica Incorporated (NYSE: CMA) increased the quarterly cash dividend for
common stock by four percent to fifty cents ($0.50) per share. The dividend
is payable April 1, 2003, to shareholders of record March 15, 2003.

(Photo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )

"This continues a long history of dividend increases -- 34 consecutive
years -- and reflects our solid capital position," said Ralph W. Babb Jr.,
chairman, president and chief executive officer.

Comerica Incorporated is a multi-state financial services provider
headquartered in Detroit, with banking subsidiaries in Michigan, California
and Texas, banking operations in Florida and businesses in several other
states. Comerica has an investment services affiliate, Munder Capital
Management, commercial banking operations in Canada and a commercial banking
subsidiary in Mexico. Comerica Incorporated reported total assets of $53
billion at December 31, 2002.
SOURCE Comerica Incorporated

-0- 01/28/2003

/CONTACT: Media Contacts: Sharon R. McMurray, +1-313-222-4881, Wayne J.
Mielke, +1-313-222-4732, or Investor Contacts: Helen L. Arsenault,
+1-313-222-2840, or Judith M. Chavis, +1-313-222-6317, all of Comerica
Incorporated/

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