Comerica (CMA) Thrives on Loan Growth Amid Rising Expenses [Yahoo! Finance]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
The company's capital distribution activities are backed by a strong liquidity profile. However, elevated expenses and lack of loan portfolio diversification, along with geographic concentration, remain near-term concerns. Comerica's revenue generation heavily relies on its loan growth. The loan balance witnessed a four-year compound annual growth rate (CAGR) of 0.9% (2019- 2023). In 2023, the company exited the mortgage finance business due to funding pressures and reduced profitability. Though the company's exit from the mortgage finance business is likely to weigh on the loan growth, decent loan demand is expected to sustain the stable growth trend. Management expects loans to grow 5% in 2024. Comerica's net interest income (NII) over the years has supported top-line growth and witnessed a four-year CAGR of 1.8% (ended 2023). Expectations of higher yield and reduced notional on swaps are likely to ease NII pressure. Given the expectations of interest rates remaining high in the
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News
- GLOBAL MARKETS-Global stocks gain on Big Tech lift; yen swings to fresh 34-yr low [Yahoo! Finance]Yahoo! Finance
- Comerica Incorporated (NYSE: CMA) had its price target raised by analysts at Piper Sandler from $54.00 to $56.00. They now have a "neutral" rating on the stock.MarketBeat
- Fed inflation gauge holds steady in March, boosting stocks on rate cut bets [Yahoo! Finance]Yahoo! Finance
- Comerica (NYSE:CMA) Will Pay A Dividend Of $0.71 [Yahoo! Finance]Yahoo! Finance
- GDP watch: U.S. economic growth likely slowed in Q1 [Seeking Alpha]Seeking Alpha
CMA
Earnings
- 4/18/24 - Miss
CMA
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 4
- CMA's page on the SEC website