Earnings Summary

Comerica Incorporated’s revenue jumped 29.29% since last year same period to $1280Mn in the Q1 2024. On a quarterly growth basis, Comerica Incorporated has generated -3.1% fall in its revenue since last 3-months.

Comerica Incorporated’s net profit fell -57.72% since last year same period to $137Mn in the Q1 2024. On a quarterly growth basis, Comerica Incorporated has generated 315.15% jump in its net profits since last 3-months.

Comerica Incorporated’s net profit margin fell -67.3% since last year same period to 10.7% in the Q1 2024. On a quarterly growth basis, Comerica Incorporated has generated 328.45% jump in its net profit margins since last 3-months.

Comerica Incorporated’s price-to-earnings ratio after this Q1 2024 earnings stands at 10.53.

Comerica Incorporated’s earning per share (EPS) estimates for the current quarter stand at 1.23 - a 9.82% jump from last quarter’s estimates.

Comerica Incorporated’s earning per share (EPS) estimates for the current year stand at 1.23.

Comerica Incorporated’s earning per share (EPS) fell -46.03% since last year same period to 1.29 in the Q1 2024. This indicates that the Comerica Incorporated has generated -46.03% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Comerica Incorporated’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Comerica Incorporated’s return on equity (ROE) stands at 0.12.

Comerica Incorporated declared 0.71 dividend per share during the earnings announcement for Q1 2024.