|Bid||67.00 x 800|
|Ask||73.12 x 1000|
|Day's Range||71.39 - 72.40|
|52 Week Range||57.23 - 83.06|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||20.04|
|Earnings Date||Jan 18, 2022 - Jan 24, 2022|
|Forward Dividend & Yield||1.05 (1.57%)|
|Ex-Dividend Date||Sep 03, 2021|
|1y Target Est||71.43|
Commerce Bancshares, Inc. (CBSH) has posted impressive Q3 results, driven by strong fee-based businesses. The regional bank provides banking services, including payment solutions, investment management and securities brokerage. The bank reported third-quarter earnings of $1.05 per share, beating analysts’ expectations of $0.99 per share. The company had reported earnings of $1.06 per share in the same quarter last year. Additionally, total revenues increased 1.7% year-over-year to $351.5 million
Rise in non-interest income and provision benefit support Commerce Bancshares' (CBSH) Q3 earnings while lower loan balance and increase in costs hurt.
Commerce (CBSH) delivered earnings and revenue surprises of 5.00% and 2.32%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?