Lower Loan & High Costs to Hurt Comerica's (CMA) Q2 Earnings

Comerica's earnings for the first quarter of 2024 surpassed the Zacks Consensus Estimate by 14.2%. Results were primarily aided by the bank's strong capital ratios, indicating its availability of adequate capital to use to deal with any unexpected losses. However, a decline in revenues and higher expenses were major headwinds. The company's activities in the to-be-reported quarter were unable to instill analysts' confidence in the stock. The Zacks Consensus Estimate for second-quarter earnings of $1.19 per ...