Preview: Canadian Imperial Bank's Earnings
Portfolio Pulse from Benzinga Insights
Canadian Imperial Bank (NYSE:CM) is set to release its latest quarterly earnings report on August 31, 2023. Analysts estimate an earnings per share (EPS) of $1.24. The bank's past performance shows a pattern of beating EPS estimates, which has generally led to an increase in share price. However, the bank's shares have seen a 12.08% decrease over the last 52-week period.
August 30, 2023 | 2:01 pm
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Canadian Imperial Bank is expected to report an EPS of $1.24 in its upcoming earnings. Despite past EPS beats, the bank's shares have been on a downward trend, decreasing by 12.08% over the last 52 weeks.
The bank's past performance shows a pattern of beating EPS estimates, which has generally led to an increase in share price. However, the bank's shares have seen a 12.08% decrease over the last 52-week period, indicating a bearish sentiment among long-term shareholders. The upcoming earnings report could potentially influence the stock's price, depending on whether the bank meets or beats the EPS estimate and the guidance it provides for the next quarter.
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