FMP
Jan 23, 2023 3:18 PM - Davit Kirakosyan
Comerica (NYSE:CMA) shares gained nearly 6% on Thursday following the company’s reported Q4 results, with EPS of $2.58, coming in better than the Street estimate of $2.55.
Quarterly results were solid as stronger loan growth and solid margin expansion helped drive improved spread revenues. Fees were stable, while expense growth was acceptable. Credit metrics remained relatively benign with a modestly higher provision.
According to the analyst at RBC Capital, the 2023 outlook is consistent with their expectations and suggests a steady operating environment for Comerica. Credit and funding remain general investor concerns, but both look solid for Comerica. The analysts adjusted their price target to $83 from $85, while maintaining their Outperform rating.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...