Comerica(CMA) - 2023 Q1 - Quarterly Report

The economic forecasts informing the current expected credit loss (CECL) model primarily reflected continued strong credit quality, a tight labor market and strong demand for goods and services. Strong job and wage growth and pent-up demand from consumers have supported growth in the broader U.S. economy. However, there are increasing downside risks from recent bank failures, inflationary pressures, tighter monetary policy, negotiations around the U.S. federal debt ceiling, and the slowing housing market. F ...