The backtest results for CFG show mixed short-term performance with a 60% win rate and 0.84% return over 3 days, but a weak 20% win rate and negative return over 10 days. However, the 30-day outlook is positive, with an 80% win rate and a 2.93% average return, indicating stronger gains over a longer horizon. This suggests that while immediate reactions to earnings beats may be volatile, holding CFG for up to 30 days post-event tends to yield favorable returns. Investors might consider a medium-term holding strategy following CFG's earnings surprises.

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The backtest results show that CFG stock had a 100% win rate with a 0.82% return over 3 days following an earnings miss, but experienced negative returns of -4.07% and -12.18% over 10 and 30 days respectively. This indicates a short-term positive reaction that quickly reverses into significant losses. The maximum return of 2.67% occurred on day 2, highlighting a brief initial optimism. Investors should be cautious about holding CFG long-term after an earnings miss, as the initial gains tend to be outweighed by subsequent declines.

The backtest results show that when the Banks Industry beats earnings expectations, it experiences a positive impact with a maximum return of 3.10% occurring 59 days after the event. This indicates a moderate but consistent upward price movement following earnings beats in this sector.

The analysis suggests that the Banks Industry tends to benefit from earnings surprises, reflecting investor confidence and potential sector strength in such scenarios.

Investors might consider holding or increasing exposure to bank stocks after earnings beats to capitalize on the observed positive price momentum.

The backtest results show that earnings misses in the Banks Industry have no significant impact on stock returns, with a maximum return of only 2.07% observed 59 days after the event. This indicates that the market does not strongly react to earnings misses within this sector over the tested period.

The lack of notable price movement suggests that other factors may be more influential in driving bank stock performance than earnings misses alone.

Investors might consider that earnings misses in the Banks Industry do not present clear trading opportunities based on historical price response.

Backtest CFG Earning Beats Expectations

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