Core Viewpoint - Comerica Incorporated (CMA) is expected to report a quarterly earnings per share (EPS) of $1.23, reflecting a decline of 19.6% year-over-year, while revenues are forecasted to increase by 2.5% to $844.72 million [1] Earnings Estimates - The consensus EPS estimate has been revised 1.3% lower in the last 30 days, indicating a reevaluation by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3] Key Financial Metrics - The consensus estimate for the Efficiency Ratio is 70.1%, up from 67.8% in the same quarter last year [5] - Analysts project the Average Balance of Total earning assets to be $70.40 billion, down from $71.83 billion year-over-year [5] - Total nonperforming assets are expected to reach $306.34 million, compared to $226.00 million in the same quarter last year [6] - Total nonperforming loans are estimated at $308.51 million, also up from $226.00 million year-over-year [6] Income Projections - Net interest income is forecasted at $576.45 million, an increase from $533.00 million in the same quarter last year [7] - Total noninterest income is expected to be $263.45 million, down from $291.00 million year-over-year [7] - Service charges on deposit accounts are projected at $46.96 million, slightly up from $46.00 million last year [8] - Commercial lending fees are estimated at $16.82 million, down from $17.00 million in the same quarter last year [8] Additional Income Metrics - Fiduciary income is expected to be $54.69 million, down from $58.00 million year-over-year [9] - Letter of credit fees are projected at $11.94 million, up from $10.00 million last year [9] - Capital markets income is estimated at $32.83 million, down from $37.00 million in the same quarter last year [9] - Card fees are expected to reach $60.98 million, down from $64.00 million year-over-year [10] Stock Performance - Comerica shares have returned +15.1% over the past month, outperforming the Zacks S&P 500 composite's +5% change [11]
Seeking Clues to Comerica (CMA) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics