Comerica Incorporated (CMA) reported fourth-quarter adjusted earnings per share of $1.46, beating the Zacks Consensus Estimate of $1.38. The bottom line reflected a fall of 43.4% from the prior-year quarter.A decline in revenues and higher expenses compared with the prior-yearquarter primarily affected the results. A sequential decrease in loan and deposit balances was another headwind. Nonetheless, a fall in provisions on a year-over-year basis offered some support.Net income attributable to common shares ...

Comerica Incorporated (NYSE:CMA) Q4 2023 Earnings Conference Call January 19, 2024 8:00 AM ET Company Participants Kelly Gage - Director of Investor Relations Curt Farmer - President, Chairman and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Peter Winter - D.A. Davidson Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Jon Arfstrom - RBC Capital Markets Steven Alexopoulos - JPMor ...

For the quarter ended December 2023, Comerica Incorporated (CMA) reported revenue of $782 million, down 23.3% over the same period last year. EPS came in at $1.46, compared to $2.58 in the year-ago quarter.The reported revenue represents a surprise of -5.34% over the Zacks Consensus Estimate of $826.07 million. With the consensus EPS estimate being $1.38, the EPS surprise was +5.80%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.80%. A quarter ago, it was expected that this company would post earnings of $1.70 per share when it actually produced earnings of $1.84, delivering a surprise of 8.24%.Over the last four quarters, the compa ...

Increased $163MM + $113MM FDIC insurance (includes special assessment, $109MM) + $44MM salaries & benefits (includes Ameriprise, -$2MM) Diversified Geographic Footprint Texas • Established: 1988 • #2 largest state GDP • Business friendly environment • Dallas-Fort Worth, Houston, Austin, San Antonio California • Established: 1991 • #1 largest state GDP • Deep industry expertise • L.A., San Diego, San Jose, San Francisco Michigan • Established: 1849 • #14 largest state GDP • Large retail deposit base • Detroi ...

DALLAS, Jan. 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 2023 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. As previously announced, Comerica will host a conference call to review the fourth quarter an ...

Notes to Consolidated Financial Statements (unaudited) Comerica Incorporated and Subsidiaries | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|-------------------------------------|---------------|---------|-------|-------|-------------------------------------------------------------------------------------|---------|-----------| | (in millions) \nTotal interest on medium- and long-term debt (a) | $ | Th ...

Comerica Incorporated (NYSE:CMA) Q3 2023 Earnings Conference Call October 20, 2023 8:00 AM ET Company Participants Kelly Gage - Director of Investor Relations Curt Farmer - President, Chairman and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Steven Alexopoulos - JPMorgan Chris McGratty - KBW ...

• Prioritized Small Businesses: • Exceeded our 3-year goal to lend $5B to Small Businesses; achieved 102% of our commitment, assisting > 15K small businesses across our footprint. • Delivered award winning, targeted deposit product A FORCE Strong Financial Results 1 Includes gains/(losses) related to deferred comp asset returns of ($3MM) 3Q22, $4MM 2Q23, ($3MM) 3Q23 2Diluted earnings per common share 3Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding net ...