Comerica (CMA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
A federal judge in Texas denied the U.S. Consumer Financial Protection Bureau's motion to stay its lawsuit against Comerica Bank, according to a court order filed on Monday.
The Consumer Financial Protection Bureau (CFPB) asked a federal judge Monday (March 3) to pause the enforcement action that the agency filed against Comerica Bank in December.
The embattled U.S. Consumer Financial Protection Bureau on Monday asked a federal court to issue a stay in its enforcement action against Comerica Bank , court papers showed.
Comerica (CMA) reported earnings 30 days ago. What's next for the stock?
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.
The top central U.S. banks reported massive fourth-quarter 2024 earnings to help open the new earnings-reporting season.
CMA's Q4 2024 earnings are affected by lower NII and weak asset quality. A rise in fee income and deposit balance offers support.
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 (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) 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.
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.