Core Viewpoint - Comerica Incorporated (CMA) is expected to report second-quarter 2025 results on July 18, with anticipated revenue growth but a decline in earnings compared to the previous year [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter 2025 earnings is $1.23 per share, reflecting a 19.6% decline from the year-ago quarter [2][9]. - Revenue estimates for the same quarter are projected at $844.7 million, indicating a 2.5% increase year-over-year [2][9]. Loan and Net Interest Income (NII) Insights - The lending environment has been stable, with modest loan demand reported by the Federal Reserve [3]. - Average loans are expected to be higher than the first quarter of 2025, with average earning assets estimated at $70.4 billion, showing a marginal increase [4]. - The consensus estimate for NII is $576.5 million, reflecting a slight rise from the previous quarter's figure of $575 million [5]. Non-Interest Income and Market Activity - Global mergers and acquisitions activity improved in the second quarter, contributing positively to capital market fees, which are estimated at $32.8 million, a 5.9% sequential rise [6][8]. - The IPO market saw a resurgence, leading to increased capital raised and improved market sentiment [7]. Fee Income and Deposit Trends - Overall fee income is expected to grow by 3.7% to $263.5 million, driven by stronger capital markets and card-related revenues [11]. - Average deposits declined by 1% to $61.3 billion, with expectations of further declines impacting service charges on deposits, estimated at $47 million, a 2.1% increase from the prior quarter [10]. Expense and Asset Quality Considerations - Higher expenses are anticipated due to increased compensation costs and lower gains on real estate sales, with non-interest expenses projected to rise slightly from $584 million in the first quarter [12][13]. - The Zacks Consensus Estimate for non-performing loans is $308.5 million, indicating a 2.5% rise from the previous quarter [14]. Earnings Prediction Model - The likelihood of Comerica beating earnings estimates is low, with an Earnings ESP of -0.46% and a Zacks Rank of 3 [15].

So Bill, it was a race between the Kevins and it seems like one Kevin might reign supreme. Yeah, that's right. Treasury Secretary Scott Bessent saying that basically the formal process for picking the next Fed chair is underway.And it looks like from our reporting that Kevin Hassett, the head of the National Economic Council, is in that Paul position right now. He has been a long time trump economic aid, basically going back the better part of a decade. And his main competition looks to be Kevin Warsh, the ...

Inflation and Tariffs Impact - US inflation accelerated in June, with the consumer price index rising 27% year-over-year [1] - Bank of America warns that tariffs are being passed on to consumers [3] - Wells Fargo notes that the impact of tariffs on consumer spending is now visible [3] - Yale Budget Lab estimates Americans will face an average tariff rate of over 18%, potentially rising above 20% if August 1 tariffs take effect [9] - Consumer electronics and household furnishings prices are already rising substantially [11] - The Treasury collected $27 billion in customs revenue in June, up $20 billion from a year earlier [12] Federal Reserve and Interest Rates - The President suggests the Fed should lower interest rates immediately [4] - Treasury Secretary is reportedly seeking a replacement for Powell when his term ends in May 2026 [5] - The independence of the Fed is critical for financial stability [16] - Concerns exist that meddling with interest rates for short-term gains could destabilize the economy [25]

🇺🇸 JUST IN: Trump says Fed rates are too high, costing the U.S. $360B per point annually, and calls for a cut to at least 1%. https://t.co/PtIdsQVjg5 ...

Inflation & Interest Rates - India's inflation eased for the eighth consecutive month [1] - This strengthens the case for further interest rate cuts by the central bank [1]

转自：新华财经 新华财经北京7月14日电（王柘）上周（2025年7月7日至7月11日）"股债跷跷板"起效，沪指站上3500点，债市收益率整体走高。大宗商 品价格也在近期明显回升，进一步压制债市情绪。全周来看，10年期国债收益率上涨2.2BP至1.665%。收益率短端涨幅更大，曲线趋向 熊平。 公开市场前半周维持净回笼操作，使得资金面边际收敛。本周扰动因素增加，关注政府债缴款、税期走款、1000亿元MLF到期、买断式 逆回购等。从目前披露的地方债发行计划来看，7月或是地方债发行高点，国债发行规模或相对下降。在宏观数据未发生明显转向、外 部不确定性依旧存在的背景下，预计短期内央行或持续护航债市，供给压力不必过度担忧。 行情回顾 2025年7月11日，中债国债到期收益率1年期、2年期、3年期、5年期、7年期、10年期、30年期、50年期较2025年7月4日分别变动 3.4BP、4.61BP、3.67BP、3.63BP、2.75BP、2.2BP、2.25BP、1.9BP。 | | | 中债国债收益率曲线(到期)》 | | | --- | --- | --- | --- | | 标准期限(年) | 7月4日 | 7月1 ...

🇺🇸 JUST IN: President Trump calls for Fed Chair Powell to step down.“Jerome Powell's been very bad for our country. We should have the lowest interest rate on earth, and we don't.” https://t.co/MM2jm07q3Y ...

New today, National Economic Council Director Kevin Hasset revealing the White House is looking into whether President Trump has authority to fire Federal Reserve Chair Jerome Powell. This comes after the president criticized Pal for not dropping the interest rate by three points. He did that while speaking to the press on Friday.Joining me now is Kevin Hasset's predecessor, Leil Brainer. He is former director of the National Economic Council under President Biden and distinguished fellow at Georgetown SARS ...

Core Insights - Exchange-traded funds (ETFs) have gained significant popularity, with more publicly listed ETFs than individual stocks on the New York Stock Exchange [1] - The Invesco KBW Premium Yield Equity REIT ETF (KBWY) is currently the highest-yielding ETF, focusing solely on real estate investment trusts (REITs) [4][5] - KBWY's current yield exceeds 9.6%, benefiting from REITs' requirement to distribute 90% of taxable income as dividends [5] ETF Characteristics - ETFs are designed around various themes, including index tracking and specific industries, catering to diverse investment strategies [2] - Many ETFs aim to provide reliable dividends, making them attractive for income investors [2] KBWY Specifics - KBWY's top holdings include Brandywine Realty Trust, Innovative Industrial Properties, and Community Healthcare Trust, with weights of 6.27%, 6.20%, and 5.26% respectively [7] - The ETF's performance has been affected by the pandemic, with a net asset value (NAV) increase of only about 4% since inception [9] Market Conditions - A lower interest rate environment may benefit KBWY by reducing borrowing costs for REITs and improving leasing conditions [9][10] - However, KBWY's high exposure to the office space and healthcare segments raises concerns due to their instability post-pandemic [10] Dividend Considerations - While KBWY has provided attractive yields, the dividend is expected to remain volatile, and investors should be cautious of unusually high yields [8][11] - More stable investment options may be preferable for income-focused investors despite KBWY's passive income potential [11]

Core Insights - The Australian housing market remains resilient despite mixed economic signals, with national property prices holding steady [1] - The Reserve Bank of Australia (RBA) decided to maintain the official interest rate at 3.85%, disappointing borrowers under pressure [1] - Strong buyer demand and limited housing supply contribute to the stability of property prices across most regions in Australia [1] Interest Rates and Borrowing Power - The average annual salary for full-time workers in Australia has just surpassed AUD 100,000, impacting borrowing capacity [3] - A single individual earning AUD 100,000 can borrow an additional AUD 21,000 compared to earlier this year, under current interest rates of 5.75% [3][4] - A potential rate cut to 5.50% could further increase borrowing capacity, allowing a single income of AUD 100,000 to borrow up to AUD 512,000 [6][7] Impact of Rate Cuts - If a 0.25% rate cut occurs, a single individual earning AUD 100,000 could see an increase in borrowing power by AUD 12,000, allowing for a total borrowing capacity of AUD 512,000 [6][9] - The overall increase in borrowing capacity since the beginning of the year for potential buyers is up to AUD 33,000, opening new purchasing opportunities in various regions [9] Market Dynamics - Borrowers are encouraged to negotiate with banks or switch to lower-rate lenders rather than waiting for official rate cuts [8] - Currently, 35 lending institutions offer at least one loan product with rates below 5.50%, unaffected by the RBA's decision [5]