Comerica Incorporated Expects Stronger Net Interest Income
<p>RBC Capital provided a review on <a href='https://financialmodelingprep.com/financial-summary/CMA'>Comerica Incorporated (NYSE:CMA)</a> following the company’s updated investor deck ahead of a management presentation at a conference this week. </p>
<p>Key updates included a stronger net interest income outlook, strong QTD loan growth, and solid deposit trends. The updated net interest income outlook now calls for an approximately 20% sequential increase in Q2/22 (vs. 15% increase previously) and over 25% increase for the full 2022-year (vs. over 13% increase previously).</p>
<p>The analysts expect rate and growth tailwinds to drive strong revenue trends in 2022, though they anticipate some discussion during management’s presentation around the strategic decision to continue to add swaps to the balance sheet in the current environment.</p>
<p>The analysts updated their estimates, now expecting 2022 EPS to be $8.05 (vs. $7.25 prior) and 2023 EPS to be $10.25 (vs. $8.75 prior).</p>

NYSE:CMA