NYSE$CMA
Comerica Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Net income of $328 million, or $2.32 per share, was reported, with revenue increasing 5 percent.
Comerica reported a strong second quarter with net income of $328 million, or $2.32 per share. Revenue increased by 5 percent, driven by robust growth in fee-generating activity. Credit quality remained strong, leading to a reserve release. The company repurchased 5.9 million shares and returned $542 million to shareholders through dividends and repurchases.
- Strong deposit growth, robust fee income, and excellent credit quality were observed.
- Revenue increased, and expense control was maintained while supporting revenue-generating activities.
- Solid loan growth occurred in several business lines, particularly General Middle Market.
- Share repurchase program reduced share count by over 4 percent.
Headline financials
Revenue & EPS history
Comerica · Revenue · Quarterly
$749M
Forward guidance
Management expects continued economic growth in the second half of 2021.
Tailwinds
- Solid loan growth in nearly all business lines (excluding PPP).
- Deposits to remain strong.
- Net interest income reflects benefit of higher loan volume (excluding PPP loans) and additional days.
- Strong credit quality continues.
- Growth in customer-related fees due to rebounding economic activity.
Headwinds
- More than offset by forgiveness of the bulk of PPP loans.
- More than offset by the impact from lower PPP loans.
- More than offset by lower card fees (decrease in stimulus activity).
- Fiduciary (annual tax preparation fees in second quarter).
- Deferred compensation from elevated levels.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-0.3%
Avg return
Earnings day
-1.9%
Avg return
5 days after
+0.0%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+7.7%
Q3 2016
Best reaction
-12.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +2.0% | +3.3% | — | |
| Q3 2025 | +1.4% | +3.7% | +6.0% | |
| Q2 2025 | +4.6% | +6.7% | +8.8% | |
| Q1 2025 | -4.4% | +0.3% | +5.6% | |
| Q4 2024 | -5.6% | -5.3% | -1.3% | |
| Q3 2024 | -1.0% | -1.0% | +10.1% | |
| Q2 2024 | -9.3% | -8.9% | -0.1% | |
| Q1 2024 | +3.5% | +5.7% | +9.4% | |
| Q4 2023 | +2.6% | +0.3% | -8.8% | |
| Q3 2023 | -7.8% | -7.8% | +8.9% | |
| Q2 2023 | -2.1% | +1.0% | -10.8% | |
| Q1 2023 | -7.1% | -13.5% | -18.6% | |
| Q4 2022 | +4.8% | +7.9% | +10.5% | |
| Q3 2022 | -12.9% | -9.5% | -6.2% | |
| Q2 2022 | +1.9% | +1.5% | +9.2% | |
| Q1 2022 | -8.1% | -6.9% | -18.9% | |
| Q4 2021 | -6.0% | -9.0% | -3.7% | |
| Q3 2021 | +3.1% | — | — | |
| Q2 2021 | +2.2% | — | — | |
| Q1 2021 | -0.3% | — | — | |
| Q4 2020 | -1.0% | — | — | |
| Q3 2020 | +2.9% | — | — | |
| Q2 2020 | +5.0% | — | — | |
| Q1 2020 | +2.8% | — | — | |
| Q4 2019 | -3.4% | — | — | |
| Q3 2019 | -3.6% | — | — | |
| Q2 2019 | -3.4% | — | — | |
| Q1 2019 | +0.4% | — | — | |
| Q4 2018 | +7.6% | — | — | |
| Q3 2018 | +1.9% | — | — | |
| Q2 2018 | +3.4% | — | — | |
| Q1 2018 | -2.9% | — | — | |
| Q4 2017 | +1.8% | — | — | |
| Q3 2017 | +1.6% | — | — | |
| Q2 2017 | -2.7% | — | — | |
| Q1 2017 | +1.6% | — | — | |
| Q4 2016 | -4.1% | — | — | |
| Q3 2016 | +7.7% | — | — | |
| Q2 2016 | +3.4% | — | — | |
| Q1 2016 | +6.0% | — | — | |
| Q4 2015 | -5.7% | — | — | |
| Q3 2015 | -1.8% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | -1.4% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | -0.0% | — | — | |
| Q4 2013 | +4.4% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | +5.1% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2012 | -4.5% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q1 2009 | -1.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q4 2008 | -1.9% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q3 2009 | +0.5% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q2 2009 | +1.6% | — | — |
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