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UPDATE: Comerica Q3 Profit Up 20%

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Comerica (NYSE: CMA) reported a 20% rise in its third-quarter earnings.

Comerica's quarterly profit surged to $116 million, or $0.61 per share, from $97 million, or $0.51 per share, in the year-ago period. However, analysts were expecting earnings of $0.65 per share.

Its net interest income increased 0.9% y/y to $427 million.

Comerica shares closed at $31.04 yesterday.

Posted-In: profitEarnings News

 

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