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Actionable news in CMA: COMERICA INCORPORATED,

Comerica (CMA) Stock Rises as Q3 Results Exceed Estimates

NEW YORK (TheStreet) -- Shares of Comerica (CMA) were advancing on heavy trading volume early Tuesday afternoon after the company reported better-than-expected earnings and revenue for the 2016 third quarter.

Before today's opening bell, the Dallas-based regional bank posted adjusted earnings of 84 cents per diluted share, beating analysts' projections of 74 cents per share.

Revenue for the period was $722 million, also above analysts' estimates of $721 million.

Previously, the company announced a plan to reduce about 9% of its workforce and close about 8% of its bank network, the...


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