- Comerica’s average deposits in Q4 were $63.35 billion, aligning with the estimate of $63.07 billion.
- The provision for credit losses came in at $21 million, lower than the forecasted $26.9 million.
- Earnings per share (EPS) stood at $1.22.
- Net interest margin was 3.06%, slightly above the estimated 3.03%.
- The efficiency ratio was recorded at 69.5%, marginally higher than the expected 69.4%.
- Return on average equity reached 10.3%, surpassing the anticipated 9.71%.
- Average loans were $50.62 billion, which was slightly below the estimate of $50.83 billion.
- Net interest income was $575 million, exceeding the predicted $560.5 million.
- Non-interest income was $250 million, below the expected $277.1 million.
- The Common Equity Tier 1 ratio met the estimate at 11.9%.
- Net charge-offs were $16 million, less than the estimated $22.5 million.
- Total loans decreased by $244 million.
- Analyst recommendations include 7 buys, 13 holds, and 4 sells.
A look at Comerica Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Comerica Inc is positioned favorably in the long-term outlook based on the Smartkarma Smart Scores assessment. With strong scores in Value and Dividend factors, the company demonstrates solid fundamentals that could attract investors seeking stable returns. Additionally, its Momentum score suggests positive market sentiment and potential for future growth. While the Growth and Resilience scores are slightly lower, Comerica Inc‘s overall performance seems promising, offering a balanced investment opportunity for those interested in the banking sector.
Comerica Incorporated serves as the holding company for a diverse range of financial services across different regions, including the United States, Canada, and Mexico. Its subsidiary banks offer a comprehensive suite of services catering to various clients, from corporate banking to individual lending and investment management. The company’s broad scope of operations positions it well to navigate different market conditions and provide a wide range of financial solutions to its customers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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