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Comerica Incorporated

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Shares of Comerica have underperformed the industry over the past six months. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s third-quarter results reflect consistent revenue uptrend along with improved credit quality. Comerica’s future prospects look promising as it has improvised the financial targets for revenues and efficiency initiatives. It expects to deliver annual pre-tax income of about $270 million by the year-end 2018 through GEAR Up initiatives. Also, the company’s steady capital-deployment activities continue to enhance investors’ confidence. Notably, Comerica's top line is likely to be supported by lower tax rates, eased regulations and rising interest rates. However, escalating expenses continues to deter bottom-line growth. Also, substantial exposure to commercial loans remains a concern.


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