12:18 PM EDT, 10/18/2024 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Comerica ( CMA ) shares rose 4.5% in recent Friday trading after it reported Q3 adjusted earnings that topped market expectations.

The company reported Q3 adjusted earnings Friday of $1.37 per diluted share, down from $1.76 a year earlier.

Analysts polled by Capital IQ expected $1.16.

Revenue for the quarter ended Sept. 30, expressed as the sum of net interest income and total noninterest income was $811 million, down from $896 million a year earlier.

Analysts surveyed by Capital IQ expected $811.9 million.

Price: 65.43, Change: +2.79, Percent Change: +4.45