Investing.com - Canadian Imperial Bank reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$1.85 on revenue of C$5.57B. Analysts polled by Investing.com forecast EPS of C$1.83 on revenue of C$5.56B. .
Canadian Imperial Bank shares lost 100.00% to trade at C$65.51 in pre-market trade following the report.
For the year, Canadian Imperial Bank shares are down 11.14%, under-performing the S&P/TSX which is down 5.66% year to date.
Canadian Imperial Bank follows other major Financial sector earnings this month
On Thursday, Toronto Dominion Bank reported third quarter EPS of C$2.09 on revenue of C$11.6B, compared to forecasts of EPS of C$2.05 on revenue of C$10.9B.
Brookfield Asset Management earnings missed analyst's expectations on Thursday, August 11, 2022, with second quarter EPS of C$0.34 on revenue of C$23.26B. Investing.com analysts expected EPS of C$0.6951 on revenue of C$986M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar