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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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1013 ngày trước
Additional Support Anticipated For South Korea Shares
The South Korea stock market has moved higher in two of three trading days since the end of the two-day slide in which it had given up almost 170 points or 4.1 percent. The KOSPI now sits just above the 4,020-point plateau and it may add to its winnings on Monday.
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1h 11phút trước
Malaysia Inflation Data Due On Monday
Malaysia will on Monday release November numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity. In October, inflation was down 0.1 percent on month and up 1.3 percent on year.
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1h 41phút trước
Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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1 ngày trước
Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour
After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.
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2 ngày trước
European Markets Close Higher As Stocks Recover After Cautious Start
European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
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2 ngày trước
TSX Climbs To New Record High As Technology, Materials Stocks Rise
After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.
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2 ngày trước
U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December
Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
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2 ngày trước
