FBR Capital Maintains Market Perform Rating and $74 PT on Comerica (CMA) Following 1Q Op. EPS Beat; 'Rates Boost NIM 21 BPS, but Loans Contract'
FBR Capital maintains Market Perform and $74 price target on Comerica (NYSE: CMA), as the company reported first quarter earnings.
Analyst Bob Ramsey notes management delivered operating EPS well above estimates and consensus projections, driven by tax benefits and energy reserve release, while loans contracted.
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Shares of Comerica closed at $66.93 yesterday.