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0.000698567935731735 -0.00034928396786593 -0.00034928396786593 0 0.00977995110024441 -0.00314355571079287 0.0123995808592386 0.0125742228431715
Stock impact report

Comerica Inc.'s Earnings To Suffer From High Rate-Sensitivity, Oil Market Turbulence [Seeking Alpha]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Seeking Alpha
Earnings of Comerica Incorporated (CMAThe oil market crash will worsen the credit quality of the energy segment, which will boost provisions charges. Consequently, I’m expecting CMA’s earnings to drop by 31% year-over-year in 2020. The December 2020 target price suggests a significant upside from the current market price. However, investors should be warned that the stock is currently very risky due to the COVID-19 pandemic and the oil market disturbance. The risks will likely keep CMA’s stock price depressed in the coming months; hence, I’m adopting a neutral rating on the stock.High Rate-Sensitivity Of Yields To Harm Net Interest IncomeFloating-rate loans made up 82% of CMA’s total loan portfolio at the end of 2019, as mentioned in the fourth quarter’sinvestor presentation10-K filingConsidering the simulation results, I’m expecting CMA’s NIM to fall by 15bps in the first quarter and then by 16bps in the second quarter of 2020. The following table shows my estimates for yields, cost, Show less Read more
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