- Comerica reports second-quarter earnings of 73 cents a share, beating the consensus estimate of 62 cents.
- Average commercial loans grew 5% during the second quarter.
- Net interest margin declined to 3.10% from 3.19% the previous quarter.
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.