Comerica: Deposit Pressures Reflected After A Mixed Q4 (Rating Upgrade)
Comerica's shares have been mixed, gaining 15% but lagging due to declining deposits and loss of a government contract, leading to a "hold" rating. Q4 results showed weak deposit growth but impressive pricing actions, with a shift from brokered to core deposits, aiding margin expansion. Loan demand remains tepid, but credit quality is solid with limited commercial real estate exposure, and the bank benefits more from falling rates.
Top Banks Blew Out Earnings: Buy the 4 Highest-Yielding Dividend Stocks Now
The top central U.S. banks reported massive fourth-quarter 2024 earnings to help open the new earnings-reporting season.
Comerica Q4 Earnings Miss Estimates on Lower NII, Fee Income Rises Y/Y
CMA's Q4 2024 earnings are affected by lower NII and weak asset quality. A rise in fee income and deposit balance offers support.
Compared to Estimates, Comerica (CMA) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Comerica (CMA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Comerica Incorporated (CMA) Q4 2024 Earnings Call Transcript
Comerica Incorporated (NYSE:CMA ) Q4 2024 Earnings Conference Call January 22, 2025 8:00 AM ET Company Participants Kelly Gage - Director, IR Curt Farmer - President, Chairman & CEO Jim Herzog - CFO Peter Sefzik - Chief Banking Officer Melinda Chausse - Senior EVP, Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Bernard Von Gizycki - Deutsche Bank Anthony Elian - JPMorgan Chase Chris McGratty - KBW Operator Greetings, and welcome to the Comerica Fourth Quarter and Fiscal Year 2024 Financial Review Conference Call. At this time, all participants will be in listen-only mode.
Comerica Incorporated (CMA) Misses Q4 Earnings Estimates
Comerica Incorporated (CMA) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.46 per share a year ago.
CMA chair replaced by Amazon staffer as Government emphasises growth
UK competition watchdog chair Marcus Bokkerink has been fired by the government for not doing enough to boost the UK's economic prospects, according to reports. The government timed the ousting to coincide with the Davos economic forum, said the reports, to underline the new growth-led thinking in the government.
Higher Expenses, Weak Asset Quality to Hurt Comerica's Q4 Earnings
CMA's fourth-quarter 2024 performance is likely to have been hurt by rising expenses and deteriorating asset quality.
Unveiling Comerica (CMA) Q4 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Comerica (CMA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Earnings Preview: Comerica Incorporated (CMA) Q4 Earnings Expected to Decline
Comerica (CMA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
UK's CMA slaps Google Search and its 90%+ market share with an antitrust investigation
The Competition and Markets Authority — the U.K.'s antitrust watchdog — is wasting no time in lodging its first official investigation of 2025 under its new rules that came into effect this month. It's looking into the market dominance of Google in Search, including the new work it's doing in AI search as well as its giant search advertising business, and what remedies it might impose to improve competition in the space.
Will Comerica (CMA) Beat Estimates Again in Its Next Earnings Report?
Comerica (CMA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
