- 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.
Based on a 15-cent quarterly payout, the shares have a dividend yield of 1.88%. The shares trade for 12 times the consensus 2013 EPS estimate of $2.70. The consensus 2012 EPS estimate is $2.55. Jefferies analyst Ken Usdin rates Comerica a "Hold," with a $34 price target, and said Tuesday that "overall the quarter was solid," and that "the one negative was
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