DALLAS, Oct. 22, 2024 /PRNewswire/ -- The American Bankers Association (ABA) recognized Comerica Bank for its impact in supporting Southern Dallas small businesses and nonprofits through Comerica BusinessHQ™, naming the program as a winner of this year's ABA Foundation Community Commitment Awards. BusinessHQ earned the Community Commitment Award in the category of Community & Economic Development, which will be presented during the ABA's Annual Convention on Tuesday, Oct. 29, in New York City.Comerica Busin ...

Comerica CMA reported better-than-expected earnings for its third quarter on Friday.The company posted adjusted earnings of $1.37 per share, beating market estimates of $1.16 per share. The company's quarterly sales came in at $811.000 million versus expectations of $811.617 million.Comerica shares fell 3.9% to trade at $62.41 on Monday.These analysts made changes to their price targets on Comerica following earnings announcement.Barclays analyst Jason Goldberg maintained Comerica with an Underweight and ra ...

Comerica Incorporated (CMA) reported third-quarter 2024 adjusted earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.18. However, the bottom line plunged 25.5% from the prior-year quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results benefited from a rise in deposit balance and a strong capital position. However, a decline in net interest income (NII) and fee income, along with increased expenses, was a major headwind. Net income attributable t ...

Comerica Incorporated (NYSE:CMA) Q3 2024 Earnings Conference Call October 18, 2024 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curt Farmer - President, Chairman & Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Jon Arfstrom - RBC Capital Markets Bernard Von Gizycki - Deutsche Bank Ben Gerlinger - Citi Chris McGratty - KBW Samuel Varga - UBS M ...

Comerica Incorporated (CMA) reported $811 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 9.5%. EPS of $1.37 for the same period compares to $1.84 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $806.49 million, representing a surprise of +0.56%. The company delivered an EPS surprise of +16.10%, with the consensus EPS estimate being $1.18. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.10%. A quarter ago, it was expected that this company would post earnings of $1.19 per share when it actually produced earnings of $1.53, delivering a surprise of 28.57%. Over the last four quarters, the c ...

DALLAS, Oct. 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. WEBCAST / PRESENTATION: As previously announced, Comerica will host a conference call to review the third qu ...

THIRD QUARTER 2024 NET INCOME OF $184 MILLION, $1.33 PER SHARE Favorable Deposit and Net Interest Income Trends Strong Capitalization with Ongoing Credit and Expense Discipline "Today we reported third quarter earnings per share of $1.33," said Curtis C. Farmer, Comerica Chairman and Chief Executive Officer. "Growth in customer deposits offset muted loan demand and contributed to net interest income exceeding expectations for the quarter. Expense discipline remained a priority as we continued to execute on ...

Wall Street analysts expect Comerica Incorporated (CMA) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year decline of 35.9%. Revenues are expected to be $812.26 million, down 9.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a co ...

Comerica Incorporated ( CMA Quick Quote - Free Report ) is scheduled to report third-quarter 2024 results on Oct. 18, before the opening bell. The bank's revenues and earnings are expected to decline from the year-ago quarter's reported figures. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The bank's earnings for the second quarter of 2024 surpassed the Zacks Consensus Estimate by 28.6%. Results benefited from increased loan demand and a strong capital position. Nil provisions r ...