Comerica Inc. is drawing near the end of a six-month restructuring process, and Wall Street is getting ready to scrutinize the results.

Analyst Michael Moran said he exects the $35 billion-asset company to make an announcement about cost savings in mid-January. If Comerica, which is based in Detroit, cuts 5% from its expenses, Mr. Moran said he may raise his 1997 earnings estimates by as much as 10 cents per share, to $4.60.

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