Latest news with #ComericaIncorporated
Yahoo
5 days ago
- Business
- Yahoo
Comerica Q2 Earnings Top Estimates on Strength in NII & Loan Growth
Comerica Incorporated CMA has reported second-quarter 2025 adjusted earnings per share (EPS) of $1.42, beating the Zacks Consensus Estimate of $1.23. In the prior-year quarter, the company reported an EPS of $1.53. Results benefited from a rise in net interest income (NII) and loan balance. Yet, lower deposit balances, decline in non-interest income and weak asset quality were concerning. Net income attributable to common shareholders (GAAP basis) was $187 million, which declined 6.5% from the year-ago quarter. Comerica's Revenues & Expenses Rise Total quarterly revenues were $849 million, up 3% year over year. The top line surpassed the consensus estimate by 0.5%. Quarterly NII rose 7.9% on a year-over-year basis to $575 million. The net interest margin increased 30 basis points year over year to 3.16%. Total non-interest income was $274 million, down 5.8% on a year-over-year basis. Non-interest expenses totaled $561 million, up 1.1% year over year. The rise was primarily due to an increase in Salaries and benefits expense and Occupancy expense. The efficiency ratio was 65.78% compared with the prior-year quarter's 67.77%. A fall in this ratio indicates increased profitability. CMA's Loans Balance Rise & Deposit Declines As of June 30, 2025, total loans rose 2.5% on a sequential basis to $51.2 billion. Total deposits declined 2.4% from the previous quarter to $60 billion. Comerica's Credit Quality Deteriorates The company recorded a provision for credit loss of $44 million in the second quarter compared with no provision in the year-ago quarter. The allowance for credit losses was $735 million, which rose 2.5% year over year. Total non-performing assets rose 10.2% year over year to $249 million. The allowance for credit losses to total loans ratio was 1.44% as of June 30, 2025, up from 1.38% as of June 30, 2024. Also, the company recorded net charge-offs of $28 million, significantly up from $11 million recorded in the year-ago quarter. CMA's Capital Position Mixed Bag The total capital ratio was 13.74%, down from 14.02% in the year-ago quarter. The Common Equity Tier 1 capital ratio was 11.94%, up from 11.55% in the prior-year quarter. As of June 30, 2025, CMA's tangible common equity ratio was 8.04%, up from 6.49% in the prior-year quarter. Comerica's Capital Distribution Activities The company repurchased $100 million of common stock under the share repurchase program. Our View on CMA The company's decent capital position will aid capital distribution activities in the upcoming period, boosting investor confidence in the stock. Its focus on improving operational efficiency will support financials. The rise in NII looks encouraging. However, weak asset quality and a rise in expenses remain near-term concerns. Comerica Incorporated Price, Consensus and EPS Surprise Comerica Incorporated price-consensus-eps-surprise-chart | Comerica Incorporated Quote Currently, Comerica carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Banks Synovus Financial Corp. SNV reported second-quarter 2025 adjusted earnings per share of $1.48, which surpassed the Zacks Consensus Estimate of $1.25. This compares favorably with the earnings of $1.16 per share a year ago. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) SNV's results benefited from strong year-over-year growth in NII and non-interest revenues, along with a fall in provisions for credit losses. Also, improving loan balances were a tailwind. An increase in expenses, however, was a major headwind. First Horizon Corporation's FHN second-quarter 2025 adjusted earnings per share (excluding notable items) of 45 cents surpassed the Zacks Consensus Estimate of 41 cents. This compares favorably with 36 cents in the year-ago quarter. FHN's results benefited from a rise in NII and non-interest income, along with a decline in expenses. Also, lower provisions and a rise in loans and deposit balances were other positives. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report Comerica Incorporated (CMA) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Comerica Reports Second Quarter 2025 Earnings Results
DALLAS, July 18, 2025 /PRNewswire/ — Comerica Incorporated (NYSE: CMA) has reported its second quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at As previously announced, Comerica will host a conference call to review the second quarter 2025 financial results. Interested parties may access the call and supplemental materials through the following details: DATE: Friday, July 18, 2025 TIME: 7 a.m. CT / 8 a.m. ET PARTICIPANT DIAL-IN: (877) 484-6065 OR (201) 689-8846 WEBCAST / PRESENTATION: The live audio webcast, earnings release and earnings presentation will be available on the Investor Relations Presentations and Events page on Comerica's presentation may include forward looking statements and may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure. REPLAY INFORMATION: A replay (accessible for one year) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $78.0 billion at June 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn.
Yahoo
28-05-2025
- Business
- Yahoo
Comerica to Participate in 2025 Morgan Stanley US Financials Conference; Announces Details for Conference Call to Review Second Quarter 2025 Earnings
DALLAS, May 28, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2025 Morgan Stanley US Financials Conference on Wednesday, June 11, 2025. Comerica Incorporated also provided details for its second quarter 2025 earnings call on Friday, July 18, 2025. Interested parties may access additional information through the following details: 2025 MORGAN STANLEY US FINANCIALS CONFERENCE Date: Wednesday, June 11, 2025 Time: 8 a.m. CT / 9 a.m. ET Participating: James Herzog, Chief Financial Officer Peter Sefzik, Chief Banking Officer Allysun Fleming, Executive Vice President, Payments Kelly Gage, Director of Investor Relations Webcast/Presentation: The live audio webcast and presentation slides will be available on the Investor Relations Presentations and Events page Comerica's presentation may include forward looking statements. Replay Information: A replay (accessible for at least 10 days) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on SECOND QUARTER 2025 EARNINGS CONFERENCE CALL Date: Friday, July 18, 2025 Time: 7 a.m. CT / 8 a.m. ET Participant Dial-In: (877) 484-6065 or (201) 689-8846 Webcast/Presentation: The live audio webcast and presentation slides will be available on the Investor Relations Presentations and Events page on Comerica's presentation may include forward looking statements. Replay Information: A replay (accessible for at least 10 days) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on In addition, the conference presentation, financial results and earnings presentation will be furnished on Form 8-K filings that will be available on the Securities and Exchange Commission website at On each webcast, Comerica may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure. Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. View original content to download multimedia: SOURCE Comerica Incorporated Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Jim Cramer Sees Comerica Incorporated (CMA) as a Quiet Standout in Banking
We recently published a list of . In this article, we are going to take a look at where Comerica Incorporated (NYSE:CMA) stands against other stocks that Jim Cramer discussed. On Thursday, Jim Cramer, the host of Mad Money, walked viewers through what he described as an important week ahead for Wall Street, with earnings season hitting full stride and a flood of quarterly reports expected from companies spanning multiple sectors. 'The fact is the president wants lower interest rates to help offset the pain from higher prices that gonna be caused by the tariffs, but higher prices represent inflation.' READ ALSO: 12 Stocks on Jim Cramer's Radar Recently and Jim Cramer Discussed These 12 Stocks Recently. 'The Federal Reserve never cuts rates when inflation's out of control,' Cramer emphasized and added that it may very well become the case if tariffs continue to drive up costs. He made it clear that he respects Fed Chair Jerome Powell as he described him as a capable public servant who, in Cramer's words, has 'generally done a good job.' Still, he acknowledged Powell's difficult position as he said the Fed chair is 'stuck between a rock and a hard place.' He added: 'Now history says he should be doing exactly what he's doing, but history is now in the eye of the beholder and there's only one beholder in this whole country and it ain't Jay Powell.' While Cramer stopped short of diving deeper into political commentary, he admitted he is growing increasingly weary of the political noise surrounding monetary policy. As earnings reports begin to dominate the conversation, he highlighted how swiftly sentiment on Wall Street can shift based on results and noted that the market is entering a phase where 'snap judgments' start flooding in after hours. 'Here's the bottom line: I know it's supposed to be a terrible time, right? I mean like woo, scary, but I don't know. The companies themselves they keep delivering and delivering, and you know what? I don't think next week's going to be any different.' For this article, we compiled a list of 25 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 17. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 50 Starting next week's game plan with Comerica Incorporated (NYSE:CMA), Cramer said: 'Now it all starts with the banks, specifically two really incredibly boring banks, Comerica and Zions Bancorp. Now both are considered suspect. They have high yields, you can tell that. But the banks have been outstanding in this environment, no tariff exposure, low charge off, decent loan growth, and hopefully some boost from deregulation down the road, which is what a lot of people voted President Trump for.' Comerica Incorporated (NYSE:CMA) offers a wide range of financial services, including commercial lending, consumer banking, and wealth management, with products like loans, credit solutions, investment advisory, and private banking. Overall, CMA ranks 1st on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of CMA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CMA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
21-04-2025
- Business
- Associated Press
Comerica Reports First Quarter 2025 Earnings Results
DALLAS, April 21, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at As previously announced, Comerica will host a conference call to review the first quarter 2025 financial results. Interested parties may access the call and supplemental materials through the following details: Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. View original content to download multimedia: SOURCE Comerica Incorporated
