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Comerica Q2 Net Profit Declines, But Tops Estimates
(RTTNews) - Comerica, Inc. (CMA), a financial services company, reported Friday that net income attributable to common shares for the second quarter decreased to $200 million or $1.49 per share from $266 million or $2.01 per share in the prior-year quarter.
Excluding items, adjusted earnings for the latest quarter were $1.53 per share. On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income declined to $533 million from $621 million and total noninterest income decreased to $291 million from $303 million last year. Analysts' expected revenues of $813.47 million for the quarter.
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Moody's Cuts Signature Bank's Rating To Junk
Moody's Investors Service has downgraded the ratings of the collapsed Signature Bank to junk, and will withdraw its ratings for business reasons. The rating agency also put the following six banks under review before deciding on downgrading them - First Republic Bank, Zions Bancorp., Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corp.
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vor 941 Tagen
UK Job Placements Fall; Staff Availability Rises Sharply
UK permanent job placements declined at a softer pace and candidate supply increased sharply amid falling demand for staff in September, monthly data from S&P Global showed Friday. Permanent staff appointments dropped at the weakest pace in a year in September. That said, employers were hesitant to take on new workers due to weaker economic conditions and cost concerns, the KPMG/REC Report on Jo
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vor 57 Minuten
European Economic News Preview: Italy Industrial Output Data Due
Industrial production from Italy is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases consumer price figures for September. Inflation is forecast to remain unchanged at 3.5 percent. Simultaneously, Statistics Sweden is scheduled to publish its GDP, household spending, and industrial production reports.
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vor 2Std 42 Minuten
European Shares May Drift Lower At Open
European stocks are seen opening broadly lower on Friday as investors cope with heightened political uncertainty in France and await cues from the quarterly earnings season.
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vor 2Std 42 Minuten
Sensex, Nifty Tad Higher In Early Trade
Indian shares opened a tad higher on Friday despite weak cues from global markets and disappointing earnings results from the likes of TCS and Tata Elxsi.
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vor 3Std 49 Minuten
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is well below the 9,000 mark, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
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vor 4Std 45 Minuten
Asian Markets Track Wall Street Lower
Asian markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, on waning optimism over the outlook for interest rate amid concerns about the ongoing U.S. government shutdown, which entered its ninth day with no end in sight. The economic impact of a prolonged suspension of non-essential government services may be starting to weigh on the markets.
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vor 5Std 15 Minuten
Sensex, Nifty Seen Lower With Earnings In Focus
Indian shares look set to open on a sluggish note Friday after TCS and Tata Elxsi reported disappointing earnings results.
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vor 5Std 52 Minuten
