UPDATE: Comerica Posts Upbeat Q4 Profit
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.