Recap: Comerica Q3 Earnings

Shares of Comerica CMA moved higher by 0.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 25.00% over the past year to $1.44, which beat the estimate of $0.83.

Revenue of $710,000,000 declined by 15.68% from the same period last year, which beat the estimate of $695,760,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Comerica hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 20, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/zjfs6vra

Price Action

52-week high: $73.43

52-week low: $24.28

Price action over last quarter: Up 12.44%

Company Description

Comerica is a financial services company headquartered in Dallas. It has three major business segments: the business bank, the retail bank, and wealth management. Comerica is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida, and Michigan, with select businesses operating in several other states as well as in Canada and Mexico.