Analyst Note| Eric Compton, CFA |
Comerica reported solid fourth-quarter earnings of $1.66, beating the FactSet consensus of $1.58. Top-line revenue came in at $2.97 billion compared with our estimate of $2.94 billion. Net interest income was in line with our projections coming in at $1.84 billion, while fees were $1.12 billion, slightly higher than our projection of $1.10 billion. With a slight beat on fees and provisioning compared with our estimates, the bank slightly beat our full-year outlook.