Lending The Ticker

Loan revenue pushes Comerica to higher 4Q profit

Comerica Inc., the Dallas banking company, reported fourth-quarter net income reached $130 million, or 68 cents a share, from $96 million, or 48 cents, in the year-earlier quarter. A survey of analysts by FactSet produced a consensus estimate of profit of 65 cents for the quarter. In a Wednesday statement, Comerica attributed the results to stronger revenue from loans and fees combined with expense control.

Source: MarketWatch

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