Truist Financial analyst Brandon King maintains $Comerica (CMA.US)$ with a hold rating, and adjusts the target price from $66 to $70.
According to TipRanks data, the analyst has a success rate of 71.0% and a total average return of 16.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Comerica (CMA.US)$'s main analysts recently are as follows:
The company's third-quarter earnings surpassed expectations, benefiting from better-than-anticipated expenses, provision, and taxes.
Comerica's performance surpassed expectations due to reduced provisions and expenses, despite revenues meeting projections and a decline in loan trends. The company has adjusted its guidance for loans, deposits, and fees downward, while increasing its net interest income forecast and decreasing its tax rate, prompting a revision of estimates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
