Comerica (NYSE: CMA) reported first quarter 2020 earnings results today. The company reported a net loss of $65 million, or $0.46 per share, compared to a net income of $339 million, or $2.11 per share, last year.
Net interest income decreased $31 million to $513 million, reflecting the net impact of lower interest rates including deposit pricing and, to a lesser extent, lower average loan balances and one less day in the quarter.
Non-interest income dropped $29 million to $237 million, reflecting decreases of $8 million in commercial lending fees, $4 million in customer derivative income and $3 million in card fees.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard