Comerica Shares Down 12% Since Q3 Results Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/CMA'>Comerica (NYSE:CMA)</a> shares lost more than 12% since the company’s reported Q3 results on Wednesday. Quarterly EPS came in at $2.60, better than the Street estimate of $2.57. Fundamental trends were solid with another quarter of rate-driven margin expansion and positive loan trends driving strong net interest income growth. </p>
<p>According to the analysts at RBC Capital, the near-term outlook remains positive with positive margin dynamics, though funding and deposit pricing will likely be a bigger driver of trends in 2023 and that is impacting the stock. Credit and funding are general investor concerns, but both look solid for the company. </p>
<p>The company’s Q4 guidance calls for a strong 4% to 5% increase in net interest income and average loan growth of approximately 1%. Fee income is expected to decrease 3% from Q3 levels due to market conditions, while expense growth is expected to rise 2% to 3%.</p>

NYSE:CMA