Comerica (CMA) Q2 Earnings Beat on High Loan Demand, Stock Falls
A rise in loan balance, along with a strong capital position and nil provisions, supports Comerica's (CMA) Q2 earnings. Yet, lower NII and fee income are major headwinds.
Comerica cuts net interest income view and flags loss of a government contract
Comerica Inc.'s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn't expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.
Comerica Stock Tumbles as Bank Likely To Lose Exclusive Treasury Contract
Shares of Comerica (CMA) tumbled Friday despite second-quarter results beating estimates, as the regional bank said it has been informed by the U.S. Treasury that it likely won't be selected to continue exclusively providing the Direct Express card.
Compared to Estimates, Comerica (CMA) Q2 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 June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Comerica Incorporated (CMA) Tops Q2 Earnings and Revenue Estimates
Comerica Incorporated (CMA) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $2.01 per share a year ago.
Shipping giant CMA CGM signs AI deal with Google
French shipping and logistics company CMA CGM (CMACG.UL) has signed a partnership with Alphabet's Google to speed up deployment of AI solutions across its operations worldwide, the two companies announced on Thursday.
Lower Loan & High Costs to Hurt Comerica's (CMA) Q2 Earnings
Comerica's (CMA) second-quarter 2024 results are expected to be hurt by lower consumer loan demand and rising costs. Yet, a strong fee income growth is likely to offer support.
Analysts Estimate Comerica Incorporated (CMA) to Report a Decline in Earnings: What to Look Out for
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.
Comerica Reports Before The Open 7/19 — Options Expire The Same Day
According to NextEarningsDate.com, the Comerica next earnings date is projected to be 7/19 before market open, with earnings estimates of $1.21/share on $0.82 Billion of revenue. Looking back, the recent Comerica earnings history looks like this:
Comerica (CMA) Aided by NII & Loan Growth Amid Cost Woes
Comerica's (CMA) robust loan pipeline will support growth in the upcoming quarters. Further, decent cash levels are likely to support its capital distribution activities.
3 S&P 500 Banks With Solid Dividend Yield to Keep an Eye On
Apart from strong fundamentals, S&P 500 banks like Comerica (CMA), KeyCorp (KEY) and Truist Financial (TFC) have solid dividend yields, which are likely to help income investors generate robust returns.
Comerica Bank N.A, OCC Enters Agreement Over Compliance Issues (Revised)
Comerica Bank, N.A enters an enforcement agreement with OCC to address issues related to the bank's risk governance framework and internal controls.
