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Comerica (CMA) reported earnings 30 days ago. What's next for the stock?
PHOENIX , Feb. 18, 2025 /PRNewswire/ -- Comerica Bank announced today Troy Norris has been named its Arizona Market President. Norris will also serve as the Group Manager for Business Banking and Middle Market in the region.
DALLAS , Feb. 14, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2025 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 5, 2025. Comerica Incorporated also provided details for its first quarter 2025 earnings call on Monday, April 21, 2025.
BARCELONA, Spain , Feb. 3, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of CMA CGM AIR CARGO, a division of CMA CGM Group, a global player in sea, land, air, and logistics solutions, to its WebCargo and 7LFreight cargo booking platforms. Through Freightos's platforms, forwarders can now access CMA CGM AIR CARGO's global air freight network, see real-time rates and eBook cargo on key tradelanes connecting the United States, France, Italy, Spain, and Asia.
DALLAS , Jan. 29, 2025 /PRNewswire/ -- Comerica Bank will host its 10th annual North Texas Prom Dress Drive, during the month of February at seven participating banking centers. Donations will benefit local teens served by Boys & Girls Clubs of Collin County , Dallas CASA and Boys & Girls Clubs of Greater Dallas , who otherwise may not be able to afford formal attire and experience the high school tradition of prom.
Perth, Jan. 28, 2025 (GLOBE NEWSWIRE) -- perseus mining takes final investment decision on CMA UNDERGROUND PROJECT at yaouré Perth, Western Australia/January 28, 2025/Perseus Mining Limited (ASX/TSX:PRU) is pleased to advise that a Final Investment Decision (FID) has been taken, to develop the CMA underground project at the Yaouré Gold Mine in Côte d'Ivoire. The FID took into consideration the Ministry of Mines, Petroleum and Energy's in-principle approval for the project, as announced by Minister Sangafowa Coulibaly on 28 November 2024.
Comerica's shares have been mixed, gaining 15% but lagging due to declining deposits and loss of a government contract, leading to a "hold" rating. Q4 results showed weak deposit growth but impressive pricing actions, with a shift from brokered to core deposits, aiding margin expansion. Loan demand remains tepid, but credit quality is solid with limited commercial real estate exposure, and the bank benefits more from falling rates.
The top central U.S. banks reported massive fourth-quarter 2024 earnings to help open the new earnings-reporting season.
CMA's Q4 2024 earnings are affected by lower NII and weak asset quality. A rise in fee income and deposit balance offers support.
Although the revenue and EPS for Comerica (CMA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.