Loading...
•
Jun 30, 2023
Comerica Q2 2023 Earnings Report
Reported strong second quarter results with earnings per share of $2.01, record average loans, and the second highest quarter of noninterest income.
Key Takeaways
Comerica reported a strong second quarter with an EPS of $2.01, driven by higher fee income, broad-based loan growth, and prudent expense management. Credit quality remained excellent, and the capital position was solid, with the CET1 ratio increasing to 10.31%. Customer deposits stabilized in the second half of the quarter.
Earnings per share reached $2.01.
Average loans hit a record high.
Noninterest income marked its second-highest quarter.
Credit quality was excellent with net recoveries.
Forward Guidance
With strategic actions and select investments, Comerica is taking steps to further improve their attractive financial results over time and better position themselves as a long-term banking partner to their customers.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...