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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »