Rafferty Capital Upgrades Comerica (CMA) to Buy (Earlier)

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Go back to Rafferty Capital Upgrades Comerica (CMA) to Buy (Earlier)

Comerica, Inc. (CMA) Tops Q2 EPS Expectations

July 15, 2014 6:42 AM EDT

Comerica, Inc. (NYSE: CMA) reported Q2 EPS of $0.80, $0.04 better than the analyst estimate of $0.76.

"We recorded a 10 percent increase in earnings per share compared to the first quarter, a solid performance given this competitive and persistently low-rate environment," said Ralph W. Babb Jr., chairman and chief executive officer. "We continue to be focused on growing the bottom line by carefully managing the things we can control, such as expanding customer relationships, maintaining expense discipline as well as credit quality, all the while taking a prudent, conservative approach to capital.

"With higher customer-driven fee... More