Comerica sees Q4 NII in line with prior guidance of up 6%

TipRanks12-11

Comerica (CMA) says loans relatively flat with about $250M decrease in QTD average loan. For Q4, sees average balances to be slightly below Q3 average with pressure from Commercial Real Estate. QTD ...

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For Q4, sees average balances to be slightly below Q3 average with pressure from Commercial Real Estate. 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For Q4, sees average balances to be slightly below Q3 average with pressure from Commercial Real Estate. QTD average deposits down $700M compared to Q3 average , or up $500M on average excluding the $1.2B decline in brokered time deposit. For Q4, sees average balances to exceed prior Q4 guidance, but anticipates continued cyclical pressure on NIB balance. Comments taken from slides being presented at the Goldman Sachs Financial Services Conference.\n\nPick the best stocks and maximize your portfolio:\n\nDiscover top-rated stocks from highly ranked analysts with Analyst Top Stocks!\nEasily identify outperforming stocks and invest smarter with Top Smart Score Stocks\n\n\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee the top stocks recommended by analysts >>\n\n\nRead More on CMA:\n\nComerica to Present at Goldman Sachs Conference\nVishay to replace Comerica in S&P 600 at open on 12/23\nComerica to replace Vishay in S&P 400 at open on 12/23\nComerica price target raised to $72 from $64 at Piper Sandler\nComerica issues statement on Direct Express program transition","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490859392"}