Comerica stock drops as earnings show deposits down $3.7 billion since March 9
An earlier version of this article compared a revenue move to the first-quarter of 2022 and not the fourth quarter. It has been corrected.
Comerica Inc.’s stock CMA, +5.49% slid 2.4% premarket Thursday after the regional bank . The bank posted net income of $324 million, or $2.39 a share, for the quarter, up from $189 million, or $1.37 a share, in the year-earlier quarter. The numbers were down from the fourth quarter, however, when the bank earned $350 million, or $2.58 a share. Comerica did not provide a revenue number but said it was down 2.9% from the fourth quarter. The bank posted revenue of $1.
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