Comerica reported a net income of $206 million, or $1.49 per share, for the second quarter of 2024. The results reflect an increase of $0.51 over the first quarter, driven by responsible loan growth, improvements in fee income and expense management, and continued strong credit quality.
Earnings per share increased by $0.51 over first quarter results, reaching $1.49.
Loan balances saw an inflection through quarter-end, indicating responsible growth.
Fee income and expenses improved quarter-over-quarter, reflecting a balance between strategic investments and efficiency.
Net charge-offs remained low at 9 basis points, demonstrating a proven approach to credit management.
This earnings report contains forward-looking statements regarding Comerica's plans, objectives, and economic performance, which are subject to risks and uncertainties as detailed in their filings with the Securities and Exchange Commission.
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