Q: Kindly comment on the CM quarterly results just released this morning. Thanks.
5i Research Answer:
EPS of $2.05 beat estimates of $1.89; revenue of $7.022B beat estimates by 2%. Higher revenue was seen across most segments, including capital markets, which benefited from volatility in capital markets. Total provisions for losses rose and were $605M, but still lower than estimates. Per share earnings rose 17%. We would consider it a solid quarter, all things considered.