Comerica Q2 Profit Beats Street - Quick Facts

(RTTNews) - Financial services company Comerica Inc. (CMA) reported a flat second-quarter net income attributable to common shares of $141 million compared with last year, while three-month earnings per share advanced to $0.76, from $0.73 a year earlier. On average, 33 analysts polled by Thomson Reuters expected earnings per share of $0.70 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net interest income slid year-over-year to $414 million, from $435 million, with noninterest income dropping to $208 million in the recent period, from $211 million in the year-ago period. Analysts estimated revenues of $621.29 million for the quarter.

For the full year 2013, the company projects continued growth in average loans at a slower pace, with demand impacted by economic uncertainty and a continued focus on maintaining pricing and structure discipline in a competitive environment.