Commerce Bancshares (CBSH) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.97 per share a year ago.
Commerce (CBSH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Commerce (CBSH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Commerce Bancshares (CBSH) is likely to benefit from its balance sheet repositioning efforts, decent loan demand, high rates and strong liquidity. These make the stock an attractive pick for investors.
Commerce Bancshares (CBSH) remains well-poised for growth driven by a solid balance sheet, decent loan demand and high rates. However, worsening asset quality and a rising expense base are woes.