Comerica stock up 5% after earnings beat target on increased loan activity

Comerica Inc. CMA stock is rallying by 5% in premarket trades Friday after the bank beat its second-quarter profit forecast on average loan growth of 3.6% across multiple businesses including multi-family and industrial loans. Comerica said its net income for the three months ended June 30 rose to $273 million, or $2.01 a share, from $261 million, or $1.92 a share, in the year-ago quarter. Analysts were looking for earnings of $1.86 a share, according to estimates compiled by FactSet.

CMA stock is rallying by 5% in premarket trades Friday after the bank beat its second-quarter profit forecast on average loan growth of 3.6% across multiple businesses including multi-family and industrial loans. Comerica said its net income for the three months ended June 30 rose to $273 million, or $2.01 a share, from $261 million, or $1.92 a share, in the year-ago quarter. Analysts were looking for earnings of $1.86 a share, according to estimates compiled by FactSet.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Fuente: CNBC - 🏆 12. / 72 Leer más »