Canadian Imperial Bank Q4 Adjusted EPS $1.17 Up From $1.05 YoY, Sales $4.36B Up From $4.05B YoY
Portfolio Pulse from Benzinga Newsdesk
Canadian Imperial Bank (NYSE:CM) reported an 11.71% increase in Q4 adjusted EPS to $1.17, up from $1.05 YoY, and a 7.54% increase in sales to $4.36B, up from $4.05B YoY.
November 30, 2023 | 10:30 am
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Canadian Imperial Bank reported a positive earnings and sales growth in Q4, with adjusted EPS increasing by 11.71% and sales by 7.54% compared to last year.
The reported increase in both earnings per share and sales indicates a strong financial performance for the quarter, which is likely to be viewed positively by investors. This positive news could lead to a short-term increase in the stock price as it reflects the company's growth and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100