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Canadian Imperial Bank (CM) Surpasses Q2 Earnings Estimates
CIBCCIBC(US:CM) ZACKSยท2025-05-29 12:05

Group 1 - Canadian Imperial Bank reported quarterly earnings of $1.44 per share, exceeding the Zacks Consensus Estimate of $1.34 per share, and up from $1.29 per share a year ago, representing an earnings surprise of 7.46% [1] - The bank's revenues for the quarter ended April 2025 were $4.94 billion, slightly missing the Zacks Consensus Estimate by 1.36%, but up from $4.54 billion year-over-year [2] - The stock has gained approximately 7.4% since the beginning of the year, outperforming the S&P 500's gain of 0.1% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $1.39 on revenues of $5.08 billion, and for the current fiscal year, it is $5.62 on revenues of $20.24 billion [7] - The Zacks Industry Rank for Banks - Foreign is currently in the top 12% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]