Why Comerica (CMA) Stock Is Rising
Portfolio Pulse from Henry Khederian
Comerica Incorporated (CMA) shares are trading higher by 3.5% amid positive earnings results from several banks. The company's second-quarter earnings report is expected on Friday, with an anticipated EPS of $1.86 on revenue of $902.75 million. Bank of America, a peer bank, reported a 19% YoY net income growth for Q2 FY23.
July 18, 2023 | 7:57 pm
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Comerica's stock is rising ahead of its Q2 earnings report, possibly influenced by positive earnings results from peer banks.
The rise in Comerica's stock price is likely due to the anticipation of its Q2 earnings report and the positive earnings results from peer banks. If Comerica's earnings meet or exceed expectations, the stock price could continue to rise.
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