Muted Lending, Low Rates To Hurt Comerica (CMA) Q4 Earnings
Zacks Investment Research | Jan 16, 2020 06:33AM ET
Comerica Incorporated (NYSE:CMA) is scheduled to report fourth quarter and 2019 results before the opening bell on Jan 21. The bank’s revenues and earnings are likely to have witnessed year-over-year fall.
The company’s third-quarter results were supported by non-interest income growth, higher deposits and lower expenses. However, lower loans and rise in provisions were the undermining factors.
Notably, the company boasts an impressive earnings surprise history. It surpassed estimates in three of the trailing four quarters, the positive earnings surprise being 1.5%, on average.
Comerica Incorporated Price and EPS Surprise
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