Canadian Imperial Bank's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Canadian Imperial Bank (NYSE:CM) is set to release its quarterly earnings report on Thursday, 2024-02-29, with analysts estimating an EPS of $1.23. The bank's historical performance shows consistent EPS beats and positive stock price reactions. Shares are currently trading at $46.47, up 1.7% over the last year. Investors will be keen on the earnings outcome and future guidance.
February 28, 2024 | 6:01 pm
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Canadian Imperial Bank is expected to report an EPS of $1.23 for the upcoming quarter, with historical data suggesting positive stock reactions to earnings beats.
Given Canadian Imperial Bank's history of beating EPS estimates and the subsequent positive stock price reactions, it's likely that a similar outcome could occur if the bank meets or exceeds the current EPS estimate. The stock's positive performance over the last year further supports investor optimism.
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