Canadian Imperial Bank (CM) Beats Q1 Earnings and Revenue Estimates

Group 1 - Canadian Imperial Bank reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $1.38 per share, and up from $1.34 per share a year ago, representing an earnings surprise of 12.32% [1] - The bank's revenues for the quarter ended January 2025 were $5.12 billion, surpassing the Zacks Consensus Estimate by 6.88%, compared to $4.6 billion in the same quarter last year [2] - The company has consistently surpassed consensus EPS estimates over the last four quarters [2] Group 2 - Canadian Imperial Bank shares have underperformed the market, losing about 4.4% since the beginning of the year, while the S&P 500 gained 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $4.74 billion, and for the current fiscal year, it is $5.46 on revenues of $19.39 billion [7] - The Zacks Industry Rank for Banks - Foreign is currently in the bottom 48% of over 250 Zacks industries, indicating potential challenges for stock performance [8]