Comerica (CMA +3.2%) trades higher after easily beating Q1 estimates. Net earnings rose 26% Y/Y,...

|About: Comerica Inc. (CMA)|By:, SA News Editor

Comerica (CMA +3.2%) trades higher after easily beating Q1 estimates. Net earnings rose 26% Y/Y, boosted by an 8% jump in loan growth and a sharp decrease in loan-loss provisions. Net-charge offs were at the lowest level since Q307, falling to 43% of average loans from 103% a year earlier and 57% in the prior quarter.