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

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of$ 1.38 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.32%. A quarter ago, it was expected that this bank and financial services company would post earnings of$ 1.26 per share when it actually produced earnings of $1.40, delivering a surprise of 11.11%.Over the ...