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.
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