December 26, 2024

Comerica cuts net interest income view and flags loss of a government contract

 Comerica cuts net interest income view and flags loss of a government contract

Comerica cuts net interest income view and flags loss of a government contract

Comerica Inc.’s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn’t expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.