Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10706 ________________________________________ ...

The U.K.’s Competition and Markets Authority (CMA), which is in charge of antitrust regulation, is investigating a partnership between tech giant Alphabet and artificial intelligence startup Anthropic.It will launch a probe Friday (Oct. 25) that aims to determine whether the deal could undermine competition in the United Kingdom, according to a notice issued Thursday (Oct. 24). The investigation began with a review July 30, and the CMA invited anyone interested to comment until Aug. 13.The investigation ste ...

Comerica Incorporated (CMA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tr ...

Comerica Incorporated (CMA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

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 ...