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Commerce (CBSH) reported earnings 30 days ago. What's next for the stock?
Higher interest rates, rise in loan balances and solid growth in net interest income support Commerce Bancshares' (CBSH) Q2 earnings. However, a rise in non-interest expenses and provisions hurts.
Higher interest rates, rise in loan balances and solid growth in net interest income support Commerce Bancshares' (CBSH) Q2 earnings. However, a rise in non-interest expenses and provisions hurts.
Commerce Bancshares (CBSH) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.91 per share a year ago.
An increase in operating expenses and a rise in provisions for credit losses are major headwinds for Commerce Bancshares (CBSH). Solid loan balances and higher rates offer some support.
The headline numbers for Commerce (CBSH) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Investors need to pay close attention to Commerce Bancshares (CBSH) stock based on the movements in the options market lately.
Higher interest rates, an increase in loan balances and solid growth in net interest income support Commerce Bancshares' (CBSH) Q1 earnings. However, a rise in non-interest expenses and provisions hurt the stock.
Commerce Bancshares (CBSH) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.92 per share a year ago.
Commerce Bancshares (CBSH) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.