comments on BV? DPS? ROA?ROE? one or two sentences each

-13- UVA-F-15 Exhibit 5 COMERICA INCORPORATED: THE VALUATION DILEMMA Profitability and Credit Quality Analysis 2006 $ 32.70 $31.75 $ 4.87 $ 2.36 2007 Mar-08 $ 34.12 S 34.93 $33.12 $33.93 $ 4.52 $ 0.73 $ 2.56 $ 0.66 Jun-08 $ 33.77 $ 32.77 $ 0.37 $ 0.66 BV per share Tangible BV per share Diluted EPS DPS Profitability Noninterest income as a % of total income Credit loss provisions as a % of PBT plus credit losses Efficiency ratio NPM 31.1% 3.6% 59.2% 27/1% 30.7% 17.4% 58.6% 23.6% 33.2% 51.9% 56,0% 15.4% 35.4% 66,0% 60.8% 8.2% ROE Tangible ROE ROA 15.14% 15.59% 1.34% 13.33% 13.73% 1.09% 8.37% 8.62% 0.66% 4.41% 4.54% 0.34% 6.82% Net interest inc as a % of carning assets Net interest exps as a % of interest bearing liabilities Spread Net interest margin 6.53% 3.89% 2.649 3.79% 4.22% 2.60% 3.66% 5.84% 3.32% 2.52% 3.22% 4.869 2.45% 2.41% 2.91% 1.71% 3.26% 1.62% 3.10% 1.60% 2.70% 1.60% 2.74% Noninterest inc as a % of earning assets Noninterest exps as a % of eaming assets Credit Quality Annual credit loss provisions as a % of total loans Credit loss reserves as a % of total loans NPA as a % of total loans Reserve coverage (loss reserves as a % of NPA) 0.196 1.0% 0.5% 212.596 0.49 1.196 0.896 131.7% 0.3% 1.2% 1.1% 108.0% 0.3% 1.3% 1.4% 88.69 Commercial loans as a % of total loans Commercial RE loans as a % of total loans Residential RE loans as a % of total loans 29.2% 3.5% 55.6% 29.3% 3.8% 56.3% 28.9% 3.7% 55.6% 29.3% 3.6% Tier 1 ratio Leverage ratio Total risk-based capital ratio Source: Company 10-ks, Yahoo! Finance, and case writer 8.0296 9.76% 11.63% 7.519 9.26% 11.20% 7.35% 8.86% 11.00% 7.3696 8.55% 11.11% DELL