Canadian Imperial Bank (CM) Beats Q4 Earnings and Revenue Estimates

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.4 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.37%. A quarter ago, it was expected that this bank and financial services company would post earnings of $1.43 per share when it actually produced earnings of $1.57, delivering a surprise of +9.79%.Over the ...