Comerica Trading Higher on After Reporting Q4 Earnings
Comerica Incorporated (NYSE: CMA) is trading higher on the session following its earnings announcement this morning. The company reported Q4 EPS of $0.48 vs $0.48 estimate.
CEO of Comerica, Ralph W. Babb said: "We were pleased to see total loan growth of $1.5 billion, or 4 percent, on a period-end basis. The growth was driven by a $1.9 billion, or 8 percent, increase in commercial loans, particularly in National Dealer Services, Mortgage Banker Finance, Energy Lending, Technology and Life Sciences, and Global Corporate Banking."
Comerica is currently trading at $29.69, a gain of $1.01 or 3.52%.
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