Backtest
The backtest results reveal that CFG's earnings beats lead to mixed short-term performance but positive returns over 30 days, while earnings misses show brief gains followed by significant declines. In contrast, the Banks Industry experiences minimal gains after beats and immediate losses after misses. This suggests CFG's stock may outperform its sector post-beat but is vulnerable after misses. Investors might consider holding CFG longer after positive earnings surprises and adopting caution during earnings misses, as sector-wide reactions tend to be less favorable.
