Comerica Q4 Earnings Miss Estimates on Lower NII, Fee Income Rises Y/Y
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Comerica's Q4 2024 earnings missed estimates due to lower net interest income (NII) and weak asset quality. However, there was a year-over-year rise in fee income and deposit balance, providing some support.
January 22, 2025 | 5:30 pm
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Comerica's Q4 2024 earnings were below expectations due to lower net interest income and weak asset quality. However, fee income and deposit balances increased year-over-year, offering some support.
The earnings miss is primarily due to lower net interest income and weak asset quality, which are significant factors for a bank's profitability. Although fee income and deposit balances increased, they were not enough to offset the negative impact of the lower NII. This is likely to put downward pressure on Comerica's stock price in the short term.
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