Canadian Imperial Bank: Q2 Earnings Insights

Shares of Canadian Imperial Bank CM were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 68.61% over the past year to $0.70, which may not compare to the estimate of $2.27.

Revenue of $3,415,000,000 decreased by 0.58% from the same period last year, which missed the estimate of $3,510,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Canadian Imperial Bank hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 28, 2020

Time: 08:00 AM

ET Webcast URL: https://bell.media-server.com/mmc/p/kxb6xum7

Price Action

Company's 52-week high was at $87.62

Company's 52-week low was at $46.45

Price action over last quarter: down 14.44%

Company Description

Canadian Imperial Bank of Commerce is Canada's fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.