The financial services company recorded net income of 73 cents a share and revenue of $618 million. Analysts surveyed by Thomson Reuters had expected net income of 72 cents a share and revenue of $615.57 million.
In the year-ago quarter, Comerica earned 70 cents a share in net income and $616 million in revenue.
TheStreet Ratings team rates COMERICA INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate COMERICA INC (CMA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: CMA Ratings Report