Recap: Canadian Imperial Bank Q4 Earnings
Portfolio Pulse from Benzinga Insights
Canadian Imperial Bank (NYSE:CM) reported Q4 earnings with an EPS of $1.173, beating estimates by 4.73% and showing a revenue increase of $305.30 million year-over-year. Despite missing EPS estimates last quarter, the share price increased by 0.53% the following day.
November 30, 2023 | 11:05 am
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POSITIVE IMPACT
Canadian Imperial Bank reported a positive earnings surprise with a 4.73% beat on EPS estimates and a notable increase in revenue compared to last year.
The positive earnings report, with a beat on EPS estimates and increased revenue, is likely to instill investor confidence and could lead to a short-term uptick in the stock price, similar to the last quarter's post-earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100