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0 0.000669045495093692 0.00161685994647632 0.00161685994647632 0.00579839429081173 0.00524085637823371 0.00774977698483489 0.00730374665477254
Stock impact report

CIBC profits rise on broad gains including from increased U.S. exposure [Investment Executive - News]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Ian Bickis, The Canadian Press CIBC reported a rise in fourth-quarter profit that beat analyst expectations despite a slight increase in troubled loans in its Canadian division. The bank said it had net income of $2.18 billion in the quarter ended Oct. 31, up from $1.88 billion a year ago, as it raised its quarterly dividend to $1.07 per share from 97 cents per share. The earnings were the last under the supervision of Victor Dodig, who retired as president and CEO at the end of the quarter, and the first to be reported under Harry Culham, who stepped into the role Nov. 1. Culham signalled no big changes in his first analyst call as CEO on Thursday. “Our strategy remains consistent. It is working, and we are committed to delivering on what we set out to achieve.” The strategy has included pushing more into the mass affluent and private wealth franchise, as it also works to expand its U.S. footprint, both of which helped deliver higher earnings in the quarter. Its Canadian wealt Show less Read more
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