Comerica (CMA) Posts Q2 EPS of $0.58

Comerica (NYSE: CMA) reported Q2 EPS of $0.58, which included after-tax restructuring charges of $34 million, or 19 cents per share, and may not compare with the the analyst estimate of $0.69.

"Our second quarter results were solid with a $1.1 billion increase in average loans, improved credit quality in our energy portfolio as well as increases in most fee-based noninterest income categories," said Ralph W. Babb, Jr., chairman and chief executive officer. "Noninterest expenses were well controlled. Through share repurchases of $65 million and an increase in our dividend, we returned $103 million to shareholders in the second quarter 2016, compared to $79 million in the first quarter."

For earnings history and earnings-related data on Comerica (CMA) click here.

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