WRAPUP 1-KeyCorp, Comerica join major lenders in flagging hit to interest income [Yahoo! Finance]
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: Yahoo! Finance
Hotter-than-expected inflation in the United States has dampened expectations of imminent rate cuts by the Federal Reserve, which has said it needs to see convincing evidence of prices cooling off before it starts easing its monetary policy. With no hopes of relief, potential borrowers could delay plans to take out a loan, hurting banks' interest income. Stricter lending standards to minimize bad debts and higher deposit costs to prevent customers from fleeing to other high-yielding alternatives, could also be a drag. Comerica expects its net interest income (NII) - the difference between what lenders earn on loans and pay on deposits - to be 11% lower in 2024 from last year, while KeyCorp sees its NII down between 2% and 5% in the same period. NII in the first quarter fell 23% for Comerica and 20% for KeyCorp, similar to peers that have reported so far. "We see 1Q24 as a bit of a mixed bag for Comerica," J.P. Morgan analyst Steven Alexopoulos said, noting that the company's
Show less
Read more
Impact Snapshot
Event Time:
CMA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CMA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CMA alerts
High impacting Comerica Incorporated news events
Weekly update
A roundup of the hottest topics
CMA
News
- Stock market today: Dow drops 570 points to end worst month of 2024 as traders brace for Fed decision [Yahoo! Finance]Yahoo! Finance
- Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership [Yahoo! Finance]Yahoo! Finance
- Comerica Bank, Network for Teaching Entrepreneurship Launch National PartnershipPR Newswire
- David Krall Joins Fiduciary Trust Company as Vice President and Fiduciary Specialist [Yahoo! Finance]Yahoo! Finance
- Northern Oil and Gas expands revolving credit facility [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