Comerica expects Q2 NII to be at ‘lower end of guidance’

Comerica expects its Q2 net interest income to be at the lower end of the guidance offered at the company’s Q1 conference call. Still expects moderately above 2022 results. Comerica says expanding into new markets. More cautious about the balance sheet on the lending side. Deposit guide still intact. Comments taken at Morgan Stanley U.S. Financials, Payments and CRE Conference.