Advertisement
Comerica Q2 Net Profit Declines, But Tops Estimates
(RTTNews) - Comerica, Inc. (CMA), a financial services company, reported Friday that net income attributable to common shares for the second quarter decreased to $200 million or $1.49 per share from $266 million or $2.01 per share in the prior-year quarter.
Excluding items, adjusted earnings for the latest quarter were $1.53 per share. On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income declined to $533 million from $621 million and total noninterest income decreased to $291 million from $303 million last year. Analysts' expected revenues of $813.47 million for the quarter.
read more
Moody's Cuts Signature Bank's Rating To Junk
Moody's Investors Service has downgraded the ratings of the collapsed Signature Bank to junk, and will withdraw its ratings for business reasons. The rating agency also put the following six banks under review before deciding on downgrading them - First Republic Bank, Zions Bancorp., Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corp.
RTTNews
|
vor 758 Tagen
FTSE 100 Up Sharply As Stocks Rally On U.S. Tariff Pause
U.K. stocks got off to a rousing start on Thursday, lifted by strong global cues following U.S. President Donald Trump announcing a 90-day pause of reciprocal tariffs on most U.S. trade partners, excluding China, to facilitate renewed trade negotiations.
RTTNews
|
vor 29 Minuten
Tesco Stock Down On Weak Pre-tax Profit In FY25, Cautious Outlook
Shares of Tesco Plc were losing around 6 percent in the morning trading on the London Stoock Exchange after the British retail major reported Thursday lower pre-tax profit in fiscal year 2025 and issued a cautious outlook for fiscal 2026 adjusted operating profit. However, net profit in the year climbed from last year, with growth in revenues, and the firm lifted dividend and announced...
RTTNews
|
vor 1Std 3 Minuten
CAC 40 Up Sharply On Trump's Tariff Pause Announcement
French stocks are high up in positive territory on Thursday with U.S. President Donald Trump's announcement of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China, buoying up sentiment and prompting investors to indulge in hectic buying across the board.
RTTNews
|
vor 1Std 12 Minuten
DAX Up Over 5% Despite Coming Off Early Highs
German stocks are up sharply on Thursday with investors going on a buying spree after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs for most U.S. trade partners, except China, to facilitate renewed trade negotiations.
RTTNews
|
vor 1Std 58 Minuten
Swiss Franc Recovers Slightly Against Majors
The Swiss franc recovered slightly against other major currencies in the European session on Thursday.
RTTNews
|
vor 2Std 24 Minuten
European Shares Climb On Trump Tariff Relief
European stocks soared on Thursday after U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs, with the exception of China.
RTTNews
|
vor 2Std 26 Minuten
Asian Shares Rally After Trump's Tariff Pause
Asian stocks rallied the most in more than two years on Thursday as U.S. President Donald Trump paused most of his sweeping reciprocal tariffs for 90 days to allow more time for negotiations, but raised the levies on China to 125 percent, further escalating a high-stakes confrontation between the world's two largest economies.
RTTNews
|
vor 2Std 47 Minuten
