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CMA / Comerica profit drops by 28% but beats Wall Street estimate

Comerica Inc.'s CMA, -1.28% stock rose 1.2% in premarket trading on Friday after the bank said its third-quarter net income fell by 28% to $251 million, or $1.84 a share, from $351 million, or $260 a share in the year-ago quarter. The bank was expected to earn $1.69 a share, according to the FactSet consensus estimate. Read More

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Posted: Oct 20 2023, 06:59

Author Name: Market Watch

CMA News

By Market Watch
October 23, 2023

Higher-for-longer interest rates challenge banks as mixed Q3 earnings stack up

The higher-for-longer interest-rate environment weighed on banks during the quarter as one central theme this earnings season, banking-industry player

By Seeking Alpha
October 20, 2023

Comerica Incorporated (CMA) Q3 2023 Earnings Call Transcript

By Proactive Investors
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Comerica 3Q profits slide on lower interest income

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By Zacks Investment Research
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Comerica (CMA) Gains 1.2% on Q3 Earnings & Revenues Beat

An increase in revenues, supported by higher fee income, aids Comerica's (CMA) Q3 earnings. However, increasing expenses and higher allowance for cred

By Zacks Investment Research
October 20, 2023

Comerica Incorporated (CMA) Q3 Earnings and Revenues Top Estimates

Comerica Incorporated (CMA) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compare

By Barrons
October 20, 2023

Comerica Profit Tumbles But Earnings Beat Expectations

The regional bank posted third-quarter earnings of $1.84 a share, while Wall Street was expecting $1.69.

By Market Watch
October 20, 2023

Comerica profit drops by 28% but beats Wall Street estimate

Comerica Inc.'s CMA, -1.28% stock rose 1.2% in premarket trading on Friday after the bank said its third-quarter net income fell by 28% to $251 millio

By Zacks Investment Research
October 18, 2023

Will Lower NII & Fee Income Hurt Comerica's (CMA) Q3 Earnings?

A weaker lending environment and high funding costs are likely to have affected Comerica's (CMA) NII. A fall in fee income is also expected to hurt it

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