|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||93.78 - 95.27|
|52-week range||64.04 - 95.60|
|PE ratio (TTM)||22.94|
|Earnings date||16 Apr 2018 - 20 Apr 2018|
|Forward dividend & yield||1.20 (1.26%)|
|1y target est||99.74|
Despite poor mortgage banking segment performance, U.S. Bancorp's (USB) Q4 results benefit from eased margin pressure and loan growth.
Comerica Incorporated's (CMA) Q4 results benefit from higher revenues and improved credit quality. Also, the company is optimistic of loan and revenue growth in 2018.
Comerica Incorporated (CMA) came out with adjusted earnings per share of $1.28, beating the Zacks Consensus Estimate of $1.21, supported by higher revenues and lower provisions.
Stock futures jumped early Tuesday while Bitcoin dived. UnitedHealth topped earnings views. Citigroup, CSX, Comerica and Interactive Brokers report today.
Major banks' performance in Q4 will likely be hit by one-time charges related to changes in tax law and trading slump, while modest loan growth and strength in asset quality will support results.
Easing margin pressure and improving efficiency are likely to bolster Comerica's (CMA) financials. Yet, commercial loans, constituting a significant part of total loans remains a concern.
The subsidiary of Wintrust Financial (WTFC) has entered into an agreement to acquire certain assets and liabilities of Veterans First Mortgage.
Comerica Incorporated (CMA) appears to be a promising buying opportunity now, with effective cost-control measures indicating operational efficiency.
Stocks that moved substantially or traded heavily on Monday: General Cable Corp., up $7.65 to $29.45 The wiring maker agreed to be bought by Prysmian Group for $30 a share, or $1.5 billion. Comerica Inc., ...
For the larger regional banks that Uncle Sam classifies as systemically important financial institutions, there are major drawbacks—in particular, heightened regulatory scrutiny and higher costs. Some of that could be rolled back soon, however, due to an effort in Congress to lighten the regulatory requirements for regional banks with assets of $50 billion to $250 billion. A lighter regulatory burden could provide a further lift—especially for shares of institutions with $50 billion to $100 billion in assets.
Comerica’s chief financial officer is retiring and the bank will promote a high-ranking accounting officer to the position, the Dallas-based company said Wednesday.
Comerica Incorporated (CMA) is expected to witness year-over-year growth in earnings and revenues in its third-quarter 2017 results.
Citigroup (C) delivers a positive earnings surprise of 7.6% in third-quarter 2017 on effective cost control and top-line strength.