Comerica Incorporated (NYSE:CMA) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CMA to report 3Q20 income of $ 0.83 per share.
For the full year, analysts anticipate top line of $ 2873.74 million, while looking forward to income of $ 2.01 per share bottom line.
Previous Quarter Performance
Comerica Incorporated posted income for the second quarter of $ 0.80 per share, from the revenue of $ 718.00 million. The quarterly earnings down 58.76 percent while revenues down 15.83 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.21 per share from $ 697.97 million in revenue. The bottom line results beat street analysts by $ 0.59 or 280.95 percent, at the same time, top line results outshined analysts by $ 20.03 million or 2.87 percent.
Stock Performance
Shares of Comerica Incorporated traded low $ -0.47 or -1.13 percent on Monday, reaching $ 41.22 with volume of 1.26 million shares. Comerica Incorporated has traded high as $ 42.00 and has cracked $ 40.97 on the downward trend
According to the previous trading day, closing price of $ 41.22, representing a 71.71 % increase from the 52 week low of $ 24.28 and a 43.22 % decrease over the 52 week high of $ 73.43.
The company has a market capital of $ 5.73 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.68 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 1, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Comerica Incorporated will be hosting a conference call at 8:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.comerica.com
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services middle market businesses, multinational corporations, and governmental entities.
