Comerica Reports Q1 Beat But Shares Drop
<p><a href='https://financialmodelingprep.com/financial-summary/CMA'>Comerica (NYSE:CMA)</a> shares fell more than 2% yesterday and were trading nearly 4% lower intra-day today despite the company reporting its Q1 earnings results, with EPS of $2.39 beating the Street estimate of $2.29. Revenue was $990 million, better than the Street estimate of $969.4 million.</p>
<p>Fundamental results were acceptable given the recent industry events and, consistent with expectations, Comerica faced deposit outflows in select business lines and large commercial accounts. Moving forward, analysts at RBC Capital see stabilizing funding trends and stronger loan growth as drivers to higher net interest income after a reset lower.</p>

NYSE:CMA