Comerica’s stock slumps as earnings show $3.7 billion of deposit flight since March 9

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Comerica stock drops as earnings show deposits down $3.7 billion since March 9

An earlier version of this article compared a revenue move to the first-quarter of 2022 and not the fourth quarter. It has been corrected.

Comerica Inc.’s stock CMA, +5.49% slid 2.4% premarket Thursday after the regional bank . The bank posted net income of $324 million, or $2.39 a share, for the quarter, up from $189 million, or $1.37 a share, in the year-earlier quarter. The numbers were down from the fourth quarter, however, when the bank earned $350 million, or $2.58 a share. Comerica did not provide a revenue number but said it was down 2.9% from the fourth quarter. The bank posted revenue of $1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines