Comerica tops Street 1Q forecasts

DALLAS (AP) _ Comerica Inc. (CMA) on Tuesday reported first-quarter earnings of $200 million.

The Dallas-based bank said it had earnings of $1.11 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The regional bank posted revenue of $767 million in the period. Its adjusted revenue was $741 million, also beating Street forecasts. Nine analysts surveyed by Zacks expected $735.1 million.

Comerica shares have fallen roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 5 percent. The stock has increased 68 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMA at https://www.zacks.com/ap/CMA

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