CIBC-Canadian Imperial Bank (CM) Beats Q2 Earnings and Revenue Estimates

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of$ 1.22 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.74%. A quarter ago, it was expected that this bank and financial services company would post earnings of$ 1.24 per share when it actually produced earnings of $1.34, delivering a surprise of 8.06%. Over the ...