Comerica Incorporated (NYSE: CMA) reported first-quarter EPS of $2.11 Tuesday, beating the consensus estimate of $1.93. The quarter was noisy; the earnings beat came on. boosted by a negative loan.
In conjunction with the increased price target, Goldberg has also raised his 2014 EPS estimate from $7.30 to $7.55. According to Goldberg, the beat came on the back of a lower-than-expected loan loss.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 6.2% in the trailing four quarters. Revenue Came In Lower Than Expected PNC. Provision for credit losses : $ 54 million,
Capital One Beats Estimates on Lower Loan Loss Provisions. Better-than-expected results for the quarter were primarily aided by increased revenues and a lower provision for loan losses ensuing.
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Radian Group Inc.’s (RDN – Free Report) first-quarter 2018 operating income of 59 cents per share beat the Zacks Consensus Estimate by 1.7%.The bottom line also improved 59.5% year over year.
The Progressive Corp.’s PGR third-quarter 2017 operating earnings per share of 41 cents beat the Zacks Consensus Estimate. are Radian Group Inc. RDN and Reinsurance Group of America, Inc. RGA..
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Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.1% in the trailing four quarters. Revenue Came in Lower Than Expected Citigroup’s adjusted. Energy headwinds led to.
The bank still posted net income that topped analyst estimates, helped in part by lower-than-expected. beat to Wells Fargo setting aside significantly less money to cover problem loans than had.
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Per Bloomberg: Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, reported a smaller profit decline than analysts estimated after it limited losses on home loans.
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