On Thursday 29th August 2024, Canadian Imperial Bank (NYSE: CM) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur before market open.
According to the predictions of financial experts on Wall Street, the concern is expected to announce an anticipated $1.29 profit per share for the quarter. Further, the firm is poised to disclose a total revenue of $4.65 billion for the period.
Financial experts on Wall Street have shared their predictions regarding the company's annual performance, estimating a total revenue of $18.46 billion. Additionally, they are expecting the company to report profit of $5.17 per share for the full year 2024.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $1.14. This numbers can be credited to the company's total revenue, which amounted to an impressive $4.38 billion during the same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q2 2024 | $1.29 | +2.4% | 4.54 B | +7.7% |
| Q1 2024 | $1.33 | -7.0% | 4.57 B | +4.4% |
| Q4 2023 | $1.17 | +11.4% | 4.36 B | +7.5% |
| Q3 2023 | $1.14 | -20.8% | 4.38 B | +1.2% |
*Growth on year-over-year basis
The organization has scheduled a conference call on 29th August 2024 at 07:30 AM eastern time to discuss the third quarter financial results and other related information.
Canadian Imperial Bank (CM) shares traded as low as $54.39 and as high as $55.19 on a day volume of 804.30 thousand shares, closed Tuesday's regular trading session at $55.11, an advance of 0.97 percent.