CIBC profit beats on retail, commercial banking units strength [Reuters]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Reuters
CIBC profit beats on retail, commercial banking units strength - Reuters 2 Min Read (Reuters) - Canadian Imperial Bank of Commerce ( CM.TO ) on Thursday beat analysts’ estimates for quarterly profit, as gains in domestic retail and U.S. commercial banking overshadowed a weak capital markets business. Net income at CIBC’s retail banking unit rose 3% to C$657 million ($494.47 million) from a year earlier, while at its U.S. commercial banking unit, net income rose 6% to C$172 million. However, net income at its capital markets business fell 13% to C$231 million, hurt by higher provision for credit losses. Net income attributable to common shareholders, excluding one-off items, rose to C$1.38 billion, or C$3.10 per share, in the third quarter ended July 31, from C$1.37 billion, or C$3.08 per share, a year earlier. Analysts on average had expected earnings of C$3.06 per share, according to Refinitiv IBES data. Royal Bank of Canada ( RY.TO ), the country’s largest lender by market capit
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CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 4/23/24 - Form SBSE-A/A
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- CM's page on the SEC website