Comerica Q3 Profit Rises - Quick Facts

(RTTNews) - Comerica Inc. (CMA) reported third-quarter 2014 net income to common shares of $152 million, compared to $145 million for the third quarter 2013. Earnings per share were $0.82 for the third quarter 2014, compared to $0.78, previous year.

Third quarter results reflected a net benefit of $5 million, after tax, or 3 cents per share, from certain actions including a $32 million gain on the early redemption of debt, a $9 million contribution to the Comerica Charitable Foundation and other charges totaling $15 million.

On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.80 for the quarter. Analysts' estimates typically exclude special items.

Net interest income increased to $414 million from $412 million, last year. Noninterest income was $215 million, compared to $228 million. Analysts expected revenue of $638.61 million for the quarter.