Backtest
The backtest results indicate that CFG shows strong long-term gains after earnings beats, with a 100% win rate and 6.71% average return at 30 days, despite some short-term volatility. Conversely, earnings misses lead to short-term positive returns but significant declines over 30 days, reaching -12.18%. The Banks Industry generally benefits moderately from earnings beats but shows no significant reaction to earnings misses. This suggests investors should consider holding CFG longer after positive earnings and be cautious after misses, while industry-wide moves are less sensitive to misses.
