Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Comerica Incorporated    CMA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Comerica Incorporated : Technical Research on Zions and Comerica: Regional Banks Focus on Efficiency more than Size

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/13/2013 | 02:05pm CEST

LONDON, February 13, 2013 /PRNewswire/ --

Regional banks, such as Zions Bancorp (NASDAQ: ZION) which is a Pacific-based regional bank and Comerica Inc. (NYSE: CMA) a more Midwest focused one, offers many competitive advantages to national banks. Since they are more tied in to the economics of the local markets, they offer shareholders a more focused diversification. This means, their coverage is much more specific, so when one buys into a regional bank, one knows where he is buying into. However, for national banks, one does not know what country or sector the bank is exposed to, so the diversification is uncertain. StockCall has posted free technical research reports on Zions Bancorp. and Comerica, and these can be accessed by signing up at

http://www.stockcall.com/analysis

Regional v/s National Banks

In the last five years, regional banks as a whole have performed much better than national banks as can be seen by the relative performances of ETFs focusing solely on regional banks as opposed to those comprising national banks. Throughout these years, their lower exposure to Europe, their loyal customer-base and their focus on core efficiencies have helped these regional banks perform extremely well despite the downturn. However, in the ensuing low-interest rate scenario, they may perform less robustly due to a lack of economies of scale compared to national banks.

Zions Earnings Review

Last month, ZION released earnings for the last quarter. For common shareholders, net income applicable was $35.6 million, or $0.19 per diluted common share, for the quarter, according to the earnings call. The company stated that their net quarterly charge-off ratio was 0.2%, which is comparable to what they had for the whole of 2007. The company's non-performing asset ratio dropped below 2% which shows that the bank is focusing on increasing its core competencies and performing segments. Download the free report on Zions Bancorp. upon registration at

http://www.StockCall.com/ZION021313.pdf

ZION's net income showed a slight decline of 2% compared to the last quarter, or about $8 million. This is in-line with the guidance provided by Zions in November. The company last week declared a $0.01 per share dividend for the quarter, which is the same as the dividend announced in the last quarter.

Comerica, a Strong Regional Bank

Comerica reported decent earnings last month. Its Q4 EPS was at $0.68, beating street's estimates by 2 cents, and last quarter EPS by 7 cents. Net income stood at $130 million, $13 million more than the previous quarter. The company reported that the increase in net income to the tune of 11% was a product of various factors, such as expense control and various positive cost-cutting measures in-line with the economic scenario. More importantly, this was a result of loan and fee income growth in the preceding quarter. Comerica Inc. technical report can be accessed for free by signing up at

http://www.StockCall.com/CMA021313.pdf

Comerica also acquired Sterling Bancshares in July of last year in a stock-for-stock transaction. The acquisition helped Comerica extend its network across Sterling's customer-base, although ATMs will continue to operate under the latter's banner. Comerica, with a market cap of about $6.58 billion, is currently trading at $35.06, and has a 52 week range of $27.46 - $35.40.

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

http://www.stockcall.com

SOURCE StockCall.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMERICA INCORPORATED
03/26 COMERICA INCORPORATED : Texas Jewish groups take aim at bank's BDS activity
03/23 COMERICA INCORPORATED : Research Reports Coverage on Banking Stocks -- ICICI Ban..
03/21 COMERICA INCORPORATED : CS Disco Secures New Debt Refinancing and Expansion with..
03/18 COMERICA INCORPORATED : Shares of Comerica Incorporated (CMA) Sees Large Inflow ..
03/16 MUSIC NEWS : ANOHNI wants to know you
03/15 COMERICA BANK : Raises Prime Rate
03/14 COMERICA INCORPORATED : Mark A. Simmons Named Comerica Bank's National Director ..
03/13 COMERICA INCORPORATED : ex-dividend day
03/09 COMERICA INCORPORATED : to Present at the 2017 RBC Capital Markets Financial Ins..
03/07 COMERICA BANK : Launches 2017 Signature Event Series
More news
Sector news : Banks - NEC
03/26DJBARCLAYS : Barclaycard Sells $1.6 Billion in Risky Credit-Card Balances -- Updat..
03/26 Old Mutual sells U.S. fund arm stake to China's HNA
03/25DJRegulators Approve Smaller Banks' 'Wills' -- WSJ
03/24DJRegulators Give Passing Grade to 'Living Wills' for Regional Banks -- 2nd Upd..
03/24DJRegulators Give Passing Grade to 'Living Wills' for Regional Banks -- Update
More sector news : Banks - NEC
News from SeekingAlpha
03/13 FBR picks bank winners and losers from rate hike
03/07 Comerica (CMA) Presents At RBC Capital Markets Financial Institutions Confere..
03/03 GROUNDHOG DAY : Financials outperform
02/21 Tracking David Tepper's Appaloosa Management Portfolio - Q4 2016 Update
02/16 Icahn Boosts Herbalife Bet While Advising Trump