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Comerica's quarterly profit rises 10.4 percent

Oct 18 Comerica Inc reported a 10.4 percent rise in quarterly profit, helped by lower provisions for loan losses and higher interest income.

The Dallas-based bank said net income attributable to common shareholders rose to $148 million in the third quarter ended Sept. 30 from $134 million a year earlier.

Earnings per share rose to 84 cents from 74 cents.

Provisions for bad loans fell 38.5 percent to $16 million, while net interest income rose 6.6 percent to $450 million. (Reporting by Nikhil Subba in Bengaluru; Editing by Saumyadeb Chakrabarty)

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