Comerica (CMA) says loans relatively flat with about $250M decrease in QTD average loan. For Q4, sees average balances to be slightly below Q3 average with pressure from Commercial Real Estate. QTD average deposits down $700M compared to Q3 average , or up $500M on average excluding the $1.2B decline in brokered time deposit. For Q4, sees average balances to exceed prior Q4 guidance, but anticipates continued cyclical pressure on NIB balance. Comments taken from slides being presented at the Goldman Sachs Financial Services Conference.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
