Comerica - Asset Management Division Delivers Strong Results Thanks to Bull Market in International Capital Markets!
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Business drivers: Comerica (CMA) is one of the leading commercial banks in the US, with a strong presence in both corporate and retail banking as well as asset management. Thanks to the bull market in international stock markets, it is currently benefiting from rising inflows and high fee revenues. On July 18, Comerica surprised with results that were significantly better than expected, despite declining interest income. The EPS was $1.42 (previous year: $1.51), exceeding consensus expectations of $1.26. Overall revenues rose by 3.03% to $849...
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