Comerica Swings To Profit (CMA)

Comerica Incorporated CMA announced on Wednesday morning that it easily beat consensus Wall Street earnings estimates. Comerica Incorporated (CMA) reported a 2nd quarter net income attributable to common shares of $69 million, or 39 cents per share, compared to a net loss $16 million, or 11 cents per share, a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 23 cents per share. The consensus price target of analysts covering the stock is $43.57 per share. Dallas, Texas based Comerica Incorporated, through its subsidiaries, is a provider of financial products and services in the Midwest, Western, Texas, and Florida. The company is made up of a business bank segment and a retail bank segment. Read more from Benzinga's Company news.