Equity Analysis /
United States of America

US : Commerce Bancshares, Inc. - CBSH | Raising EPS and PTPPI Forecasts; Maintain Market Perform

    Contributors
    Ken Kohut
    Daniel Tamayo
    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We reiterate our Market Perform rating on CBSH shares following its release of 4Q results. It was a solid quarter, driving an increase in EPS and pretax pre-provision income (PTPPI) estimates, driven by higher fee-based revenue. Additionally, the credit outlook remained stable and losses should be