KBW Increases EPS Estimates on Comerica (CMA)
KBW is out with its report today on Comerica (NYSE: CMA), increasing its EPS estimates.
In a note to clients, KBW writes, "Comerica beat the Street by $0.09 with sequential improvement in PTPP ROA and continued improvement in asset quality. With the 1Q11 beat and an expectation of NIM expansion in 2H11, we are increasing our EPS estimates for '11 by $0.10 to $2.10, '12 $0.04 to $2.80 and '13 $0.05 to $3.80."
KBW maintains Market Perform and a $42 PT on CMA.
At the time of posting, shares of CMA were trading at $36.61, down 0.08% from Tuesday's close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.