2023-07-21 07:29:25 ET
- Comerica press release ( NYSE: CMA ): Q2 GAAP EPS of $2.01 beats by $0.15 .
- Revenue of $924M (+11.5% Y/Y) beats by $21.41M .
- Provision for credit losses increased $3 million to $33 million. The allowance for credit losses increased $35 million to $728 million at June 30, 2023, reflecting loan growth, the continuation of an uncertain economic outlook and credit migration. As a percentage of total loans, the allowance for credit losses was 1.31%, an increase of 5 basis points.
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Comerica GAAP EPS of $2.01 beats by $0.15, revenue of $924M beats by $21.41M