2023-10-20 06:45:15 ET
- Comerica press release ( NYSE: CMA ): Q3 GAAP EPS of $1.84 beats by $0.15 .
- Revenue of $896M (-9.0% Y/Y) beats by $17.86M .
- Provision for credit losses decreased $19 million to $14 million.
- The allowance for credit losses increased $8 million to $736 million at September 30, 2023, reflecting the continuation of an uncertain economic outlook and credit migration, as well as changes in portfolio composition and lower loan volumes. As a percentage of total loans, the allowance for credit losses was 1.38%, an increase of 7 basis points.
For further details see:
Comerica GAAP EPS of $1.84 beats by $0.15, revenue of $896M beats by $17.86M