NEW YORK (TheStreet) --Shares of Comerica Inc. (CMA) are higher by 1.52% to $51.31 at the beginning of trading today, after the company reported a 2% increase in net interest income for the 2014 second quarter to $416 million, compared to $410 million for the year ago period.
The financial services company posted a $12 million increase in non-interest income to $220 million for the most recent quarter, over the 2013 second quarter.
Comerica's net income was $149 million, or 80 cents per diluted share, compared to $137 million, or 73 cents per diluted share, for the same quarter last year.
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The consensus estimate was for earnings of 76 cents per share, NASDAQ reports.
Separately, 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 some important positives, 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 solid stock price performance, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."