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UPDATE: Comerica Posts Upbeat Q4 Profit

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Comerica (NYSE: CMA) reported a rise in its fourth-quarter net income.

Comerica's quarterly profit surged to $130 million, or $0.68 per share, versus $96 million, or $0.48 per share, in the year-ago quarter.

Analysts were expecting a profit of $0.65 per for the quarter. The net interest margin declined to 2.87% from 3.19%

Comerica shares closed at $31.87 yesterday.

Posted-In: profitEarnings News

 

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