|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||68.06 - 70.80|
|52 Week Range||63.69 - 100.64|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||9.07|
|Forward Dividend & Yield||2.68 (3.87%)|
|1y Target Est||N/A|
SunTrust (STI) witnesses higher revenues in the second quarter of 2019. Yet, higher expenses and rise in provisions hurt results.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Comerica (CMA) have what it takes? Let's find out.
Comerica's (CMA) second-quarter 2019 results reflect higher revenues and decline in expenses, partly offset by higher provisions.
Shares of Comerica Inc. dropped 2.0% in premarket trading Wednesday, after the Texas-based regional bank reported a second-quarter profit and net interest income (NII) that missed expectations, and provided a downbeat NII outlook. Net income was $298 million, or $1.94 a share, after earnings of $326 million, or $1.87 a share, in the year-ago period. Adjusted EPS rose to $1.94 from $1.90, but was below the FactSet consensus of $2.00. NII increased to $603 million from $590 million, but missed the FactSet consensus of $609 million, as an increase in deposit costs and higher levels of funding to support loan growth offset an increase in average loans and an additional day in this year's quarter. For 2019, the company NII growth of 2%, while the FactSet consensus of $2.42 billion implies 2.8% growth. The stock has shed 9.5% over the past three months, while the SPDR S&P Regional Banking ETF has slipped 3.8% and the S&P 500 has gained 3.6%.
Capital One's (COF) Q2 earnings are expected to be driven by a marginal rise in interest income, while higher costs will likely be a headwind.
Modest loan growth and surge in fee income are expected to drive BB&T's (BBT) Q2 earnings. However, expenses are expected to increase slightly.
Comerica (CMA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
While People's United's (PBCT) Q2 top and bottom lines are anticipated to rise year over year, escalating expenses might impede revenue growth to some extent.
Dismal trading and investment banking performance, muted loan growth and low rates are expected to affect Morgan Stanley's (MS) Q2 earnings.
Second-quarter results of U.S. Bancorp (USB) are likely to reflect benefits from improved mortgage banking and higher demand for online services.
Dismal trading and investment banking performance as well as muted growth in interest income will hurt JPMorgan's (JPM) Q2 earnings. However, mortgage banking is likely to provide some support.
PNC Financial's (PNC) Q2 earnings are likely to reflect muted net interest income growth. Also, rise in consumer service revenues might support fee income.
Learn why the banking sector is a vital industry to our economy, what it does to drive the economic growth and understand some of the examples of companies in this sector.
Lingering geopolitical concerns, trade jitters and muted loan growth are expected to hurt major banks' Q2 earnings. But there are a few stocks in the industry that are likely outperform their peers.
Decline in trading and investment banking revenues will likely affect Citigroup's (C) Q2 performance. However, revenues from consumer banking business are expected to lend support.
In a reversal in trend, Wells Fargo's (WFC) mortgage banking performance is projected to improve in the April-June quarter. However, ongoing litigation hassles may escalate the bank's expenses.
Comerica (CMA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Comerica Inc NYSE:CMAView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for CMA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.06 billion over the last one-month into ETFs that hold CMA are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Of the 25 companies with the highest-paid public company CEOs in the region, 10 had some kind of turnover in the chief executive office since June 2018.