Why Comerica Stock Was Sliding Today
A mixed earnings report sent shares of (NYSE: CMA) downward on Monday. By mid-afternoon, the financial services company's shares were down by more than 5%, a steeper decline than the 3.2% fall of the S 500 index at that point in the trading session.
In the first quarter, Comerica booked $829 million in total revenue. Although that was up 6% compared to the prior-year period, it didn't quite meet the analysts' consensus estimate for revenue of slightly more than $831 million.
The picture was brighter on the bottom line, where the company's GAAP net income rocketed 25% higher year over year to land at $172 million, or $1.25 per share. The average analyst's projection was for $1.16.
Source Fool.com
Comerica Inc. Aktie
75,00 €
-0,65 %
Comerica Inc. sticht etwas positiv hervor mit 11 Buy- und 7 Sell-Einschätzungen.
Ein negatives Potenzial von -13.33% für Comerica Inc., selbst mit einem niedrigeren Kursziel von 65 € als 75.0 €.
