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Stock impact report

Companies are slashing their earnings forecasts as consumer confidence about the future reaches 12-year low [Yahoo! Finance Canada]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
As growth slows down, some businesses are slashing their earnings forecasts amid consumer behavior concerns. As confidence in the economic outlook fades, consumers are slowing their spending, and businesses are lowering their earnings forecasts. Personal income jumped 0.8% last month, while spending increased 0.4%, contributing to a boost in the savings rate to 4.6%. That's the highest since June 2024 and signals shoppers are turning more cautious. “The February spending data confirm a slowdown in consumer activity in the first quarter of 2025,” Comerica Bank Chief Economist Bill Adams said in a note. Weak January spending could point to “one-off drags” from LA fires and harsh weather conditions, “but February's anemic rebound points to a more persistent drag,” he added. At the same time, consumer confidence is sinking, though sentiment doesn't translate to actual spending. The Conference Board's expectations index in its latest consumer confidence survey fell to a 12-year Show less Read more
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