Comerica (CMA) Tops Q3 EPS by 10c

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Go back to Comerica (CMA) Tops Q3 EPS by 10c

Comerica Reports Third Quarter 2016 Net Income Of $149 Million

October 18, 2016 6:45 AM EDT

DALLAS, Oct. 18, 2016 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today reported third quarter 2016 net income of $149 million, compared to $104 million for the second quarter 2016 and $136 million for the third quarter 2015. Earnings per diluted share were 84 cents for third quarter 2016 compared to 58 cents for second quarter 2016 and 74 cents for third quarter 2015. Comerica also continued the implementation of its efficiency and revenue initiative ("GEAR Up"), which is expected to drive additional annual pre-tax income of approximately $180 million by year-end 2017 and $270 million by year-end 2018.... More