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Comerica Incorporated

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Shares of Comerica have outperformed the industry year to date. This is backed by the company's impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Further, Comerica’s third-quarter 2017 adjusted earnings surpassed the Zacks Consensus Estimate. Easing margin pressure and higher fee income supported revenues. Prudent cost management was also reflected. However, higher provisions and a fall in loans balance remained major headwinds. Though significant exposure to commercial loans keeps us apprehensive, the company’s future prospects look promising as it improvised the financial targets for revenues and efficiency initiatives (GEAR Up). Notably, a stretched valuation indicates that the stock has limited upside potential.

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