- Third-quarter EPS of 51 cents miss analysts' estimate of 53 cents.
- 11 cents in third-quarter expenses from Sterling acquisition.
- Significant loan growth from the Sterling acquisition.
|Comerica CEO Ralph W. Babb Jr.|
Comerica (CMA) was placed on the "Conviction-Buy" list at Goldman Sachs on Friday.
Here are Friday's top research calls, including downgrades for Citigroup and Novavax, an upgrade Comerica and new coverage of PepsiCo.
An increased loan portfolio and higher profit and trading income all contributed to the unusually strong quarter. However, revenue growth 'remains sluggish' due to low interest rates.