- 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.
Bad loans at U.S. banks as a result of Hurricanes Harvey and Irma would add to the damage for the financial industry, with insurers already facing more than $100 billion of losses from the storms.
Analyst Mike Mayo stays bullish on banks.
The gulf between the Republican wish list on financial regulations and the legislative reality is large.
The possibility of legislative relief for regional banks came up at a hearing Thursday.
Banks that find themselves on the cusp of certain regulatory thresholds could be big winners under the Trump Treasury Department.