Advertisement
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.
read more
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.
RTTNews
|
944 gün önce
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintaining its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews
|
9 dakika önce
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology.
RTTNews
|
44 dakika önce
Sensex, Nifty Seen Opening Lower After Wall Street Rout
Indian shares look set to open lower on Monday as investors fret about an escalation of the trade war between U.S. and China and the potential impact on the global economy.
RTTNews
|
1s 9 dakika önce
Indonesia Shares Likely To Open Under Water On Monday
The Indonesia stock market has moved higher in two straight sessions, collecting more than 90 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just beneath the 8,260-point plateau although it's overdue for profit taking on Monday.
RTTNews
|
2s 15 dakika önce
Hong Kong Shares Tipped To Open Under Pressure On Monday
The Hong Kong stock market had moved lower in five straight sessions, shedding almost 1,000 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 26,290-point plateau and it may extend its slide on Monday.
RTTNews
|
2s 30 dakika önce
China Stock Market May Take Further Damage On Monday
The China stock market on Friday snapped the three-day winning streak in which it had climbed more than 100 points or 2.6 percent. The Shanghai Composite Index now rests just beneath the 3,900-point plateau and it's tipped to open in the red again on Monday.
RTTNews
|
2s 45 dakika önce
Australian Market Notably Higher
The Australian stock market is notably lower on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling a tad below the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews
|
2s 47 dakika önce
