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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Comerica Q2 Net Income, EPS Beat Consensus Expectations

21/7 12:41


  • (PLX AI) – Comerica Q2 net income $328 million vs. estimate $220 million.
  • • Q2 EPS $2.32 vs estimate $1.61
  • • CEO says bank enjoyed strong deposit growth, robust fee income and excellent credit quality
  • • Revenue increased and we remained focused on expense control: CEO
  • • We saw solid loan growth in several business lines, led by General Middle Market, which was more than offset by declines in auto dealer floorplan and Mortgage Banker: CEO
  • • ROE of over 17 percent and ROA of 1.50 percent remain above our historical norm, despite the ultra-low rate environment