Canadian Imperial Bank Q2 2024 Adj EPS C$1.75 Beats C$1.66 Estimate, Sales C$6.164B Beat C$6.098B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Imperial Bank (NYSE:CM) reported Q2 2024 adjusted EPS of C$1.75, beating the estimate of C$1.66. Sales were C$6.164 billion, surpassing the estimate of C$6.098 billion. Both EPS and sales showed year-over-year growth.
May 30, 2024 | 9:31 am
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Canadian Imperial Bank (NYSE:CM) reported better-than-expected Q2 2024 earnings and sales, with EPS of C$1.75 beating the estimate of C$1.66 and sales of C$6.164 billion surpassing the estimate of C$6.098 billion. Both metrics also showed year-over-year growth.
The better-than-expected earnings and sales figures, along with year-over-year growth, are likely to positively impact the stock price of Canadian Imperial Bank in the short term.
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