10:19 AM EDT, 07/19/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph and CIQ estimates in second and third paragraphs.)

Comerica ( CMA ) shares fell 13% in recent trading Friday after Q2 earnings and revenue declined.

Comerica ( CMA ) reported Q2 adjusted earnings of $1.53 per diluted share, down from $2.01 a year earlier. Analysts polled by Capital IQ expected $1.19.

Revenue in the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, fell to $824 million from $924 million a year earlier. Analysts surveyed by Capital IQ expected $813.2 million.

Price: 49.12, Change: -7.21, Percent Change: -12.80