Comerica(US:CMA) ZACKSยท2025-04-15 14:20Core Viewpoint - Comerica Incorporated (CMA) is expected to report quarterly earnings of $1.14 per share, reflecting an 11.6% decline year-over-year, while revenues are forecasted to increase by 5.8% to $829.64 million [1] Earnings Projections - The consensus EPS estimate has been revised 1.8% lower in the last 30 days, indicating a reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics Analysis - Analysts project the 'Efficiency Ratio' to reach 71.9%, down from 76.9% a year ago [5] - The 'Average Balance - Total earning assets' is estimated at $71.18 billion, compared to $75.81 billion in the previous year [5] - 'Total nonperforming assets' are expected to be $314.05 million, up from $217 million in the same quarter last year [5] - 'Total nonperforming loans' are projected to reach $317.08 million, an increase from $217 million year-over-year [6] - 'Total noninterest income' is anticipated to be $266.25 million, compared to $236 million in the previous year [6] Income Estimates - 'Net interest income' is expected to be $566.88 million, compared to $548 million in the same quarter last year [7] - 'Service charges on deposit accounts' are projected at $46.05 million, slightly up from $45 million year-over-year [7] - 'Fiduciary income' is estimated to reach $54.23 million, compared to $51 million in the previous year [8] - 'Commercial lending fees' are expected to be $17.35 million, up from $16 million year-over-year [8] - 'Bank-owned life insurance' is projected at $11.03 million, compared to $10 million in the previous year [8] - 'Capital markets income' is estimated at $36.72 million, up from $30 million in the same quarter last year [9] - 'Letter of credit fees' are projected at $9.95 million, slightly down from $10 million year-over-year [9] Stock Performance - Comerica shares have decreased by 9.9% in the past month, while the Zacks S&P 500 composite has declined by 3.9% [9] - With a Zacks Rank 3 (Hold), CMA is expected to closely follow the overall market in the near term [10]