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UK's CMA Clears Global Payments' Planned Acquisition of Worldpay
PYMNTS.com· 2025-10-20 15:35
Global Payments’ planned acquisition of Worldpay was OK’d Monday (Oct. 20) by the United Kingdom’s Competition and Markets Authority.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“The CMA has cleared the anticipa ...
Fifth Third Sees Embedded Finance as a Growth Engine as Comerica Deal Looms
PYMNTS.com· 2025-10-17 22:26
Core Insights - Fifth Third Bancorp's embedded finance platform, Newline, experienced a 31% revenue increase, with deposits surpassing $3.9 billion, driven by partnerships with Stripe Treasury and other FinTechs [1][6] - The pending acquisition of Comerica is expected to enhance diversification, scale, and geographic reach into 17 rapidly growing U.S. metro areas [1][5] - The company reported steady growth in deposits and loans, with average demand deposits increasing by 3% and consumer demand deposit accounts (DDAs) rising by 6% [1][3] Financial Performance - The third quarter results indicated a 6% growth in loans and a 3% increase in average demand deposits, with consumer DDAs outpacing overall demand deposit growth [3][10] - Embedded payments fees grew by 3% from the previous quarter, contributing to the overall revenue growth [6] - The net charge-off ratio for the quarter was 109 basis points, including $178 million in net charge-offs from Tricolor [8] Strategic Expansion - The company added 13 branches in the Southeast and plans to open 27 more branches by the end of 2025, capitalizing on a 7% year-over-year increase in consumer households in the region [4][5] - Fifth Third aims to leverage its proven strategies and digital offerings to drive retail deposit growth as it expands its footprint in Texas through the Comerica acquisition [5] Market Outlook - Management anticipates a 1% increase in loans in the coming months, primarily driven by consumer lending, with a projected total year adjusted revenue growth of 5% [10] - The company maintains a low concentration of non-depository financial institutions (NDFIs) at about 8% of the total portfolio, with 33% of the book tied to real estate [11][12]
Comerica Q3 Earnings Top Estimates on Higher NII, Provision Up
ZACKS· 2025-10-17 18:16
Key Takeaways Q3 EPS of $1.35 surpassed estimates, helped by higher net interest income.Revenues climbed 3.3% y/y, but non-interest income and asset quality weakened.CMA agreed to merge with Fifth Third in a $10.9B all-stock deal expected to close in early 2026.Comerica Incorporated (CMA) has reported third-quarter 2025 earnings per share (EPS) of $1.35, beating the Zacks Consensus Estimate of $1.28. In the prior-year quarter, the company reported an EPS of $1.37.Results have benefited from a rise in net in ...
Regional bank earnings, credit concerns in focus
Youtube· 2025-10-17 17:21
That was the CEO of Huntington Bank. He joined us last hour. A number of the regional bank stocks are bouncing back this morning.This after a lot of credit concerns, certainly heightened concerns yesterday put pressure on the group. Leslie Picker's following all of the moves. He joins us now.A bit of a rebound today, Leslie. >> Yeah, definitely rebound today, David. Uh thanks in large part to a slew of thirdarter reports that we saw this morning.They really assuaged concerns about some of these credit quali ...
Comerica (CMA) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2025-10-17 14:31
Comerica Incorporated (CMA) reported $838 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 3.3%. EPS of $1.35 for the same period compares to $1.37 a year ago.The reported revenue represents a surprise of -0.67% over the Zacks Consensus Estimate of $843.62 million. With the consensus EPS estimate being $1.28, the EPS surprise was +5.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...
Comerica tops profit estimates on strong deposits, stable credit quality
Proactiveinvestors NA· 2025-10-17 13:34
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Comerica Incorporated (CMA) Q3 Earnings Beat Estimates
ZACKS· 2025-10-17 12:35
Core Insights - Comerica Incorporated (CMA) reported quarterly earnings of $1.35 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, but down from $1.37 per share a year ago, resulting in an earnings surprise of +5.47% [1] - The company posted revenues of $838 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.67%, but up from $811 million year-over-year [2] - Comerica shares have increased approximately 19.4% year-to-date, outperforming the S&P 500's gain of 12.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.30, with expected revenues of $856.12 million, and for the current fiscal year, the EPS estimate is $5.13 on revenues of $3.38 billion [7] - The estimate revisions trend for Comerica was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - Major Regional places it in the top 21% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Earnings live: American Express beats estimates, EssilorLuxottica stock surges as focus turns to regional bank earnings
Yahoo Finance· 2025-10-17 12:12
Core Insights - The third quarter earnings season has begun, with analysts expecting a 7.9% increase in earnings per share for S&P 500 companies, marking the ninth consecutive quarter of positive growth but a slowdown from the 12% growth in Q2 [1][2] Financial Institutions Performance - Major banks including JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock reported their quarterly results, with additional reports from Bank of America, Morgan Stanley, and others following [2][4] - Ally Financial reported earnings per share of $1.18, exceeding estimates of $0.96, with revenue of $2.17 billion surpassing expectations of $2.10 billion [7][8] - Truist's net income rose to $1.3 billion, or $1.04 per diluted share, beating analyst estimates of $0.99 per share, with noninterest income increasing 11% to $158 million [9][10] - Comerica's net interest income grew over 7% to $574 million, while noninterest income declined to $264 million due to slower capital markets activity [11][12] - Fifth Third reported net interest income of $1.52 billion, a 7% year-over-year increase, with earnings per share growing 17% to $0.91, surpassing estimates of $0.86 [14][15] - U.S. Bancorp reported net income of $2.00 billion, or $1.22 per share, beating estimates and achieving record revenue of $7.3 billion [22][23] - Charles Schwab's earnings were $1.26 per share, with record revenue of $6.13 billion, a 27% year-over-year increase [24][25] Technology Sector Insights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39% year-over-year profit surge in Q3 and raised its 2025 revenue outlook, anticipating mid-30% annual sales growth [27][28] - TSMC's revenue reached approximately $32.2 billion, exceeding estimates, with earnings per share of $2.92 also beating expectations [28][29] Other Notable Earnings Reports - Morgan Stanley's profits surged 45% in Q3, driven by a 44% increase in deal-making fees to $2.1 billion and a 24% rise in trading fees [36][37][38] - Citigroup's net income for Q3 was $3.8 billion, or $1.86 per diluted share, with total revenue growing 9% to $22.1 billion, driven by increased deal-making and trading activities [46][47]
Fifth Third Profit Rises, Comerica's Slips Ahead of Tie-Up
WSJ· 2025-10-17 11:28
Fifth Third Bancorp posted higher profit in the third quarter, while Comerica's earnings slipped slightly, as the regional lenders prepare to combine in a $10.9 billion all-stock deal. ...
Comerica Reports Third Quarter 2025 Earnings Results
Prnewswire· 2025-10-17 10:53
Core Viewpoint - Comerica Incorporated has reported its third quarter 2025 financial results, which are available on its Investor Relations website and will be filed on Form 8-K with the SEC [1][2]. Company Overview - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, operating through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management [3]. - It is one of the 25 largest commercial U.S. financial holding companies, with a focus on building relationships and supporting the success of individuals and businesses [3]. - As of September 30, 2025, Comerica reported total assets of $77.4 billion [3]. Strategic Developments - Due to a pending merger with Fifth Third Bancorp, Comerica will not conduct an earnings conference call or webcast for the third quarter results [2]. - The company continues to expand into new regions, including the Southeast Market in North Carolina and the Mountain West Market in Colorado [3].