Overview
Bank's Q4 net income rose to $176 mln, up from $170 mln in prior year
Adjusted EPS for Q4 increased to $1.46, excluding merger-related expenses
Net interest income for Q4 rose slightly to $577 mln
Outlook
Comerica did not provide specific guidance for future quarters or the full year
Result Drivers
NET INTEREST INCOME - Comerica's Q4 net interest income rose slightly to $577 mln, reflecting stable interest margins
ADJUSTED EPS INCREASE - Adjusted EPS for Q4 increased to $1.46, excluding merger-related expenses, indicating operational efficiency
STRONG CAPITAL POSITION - CET1 capital ratio increased to 12.02%, indicating a solid capital position
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
$1.46
Q4 EPS
$1.27
Q4 Net Income
$176 mln
Q4 Net Interest Income
$577 mln
Q4 CET1 Capital Ratio
12.02%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Comerica Inc is $86.00, about 6.1% below its January 16 closing price of $91.60
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)