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-0.000168350168350175 -0.000112233445566836 0.00179573512906842 0.0046015712682379 0.0039281705948372 0.00415263748597071 0.00707070707070702 0.0122334455667788
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CIBC reports Q4 profit up from year ago, raises dividend [Investment Executive - News]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
CIBC raised its dividend as it reported a fourth-quarter profit of $2.18 billion, up from $1.88 billion a year ago. The bank said Thursday it will now pay quarterly dividend of $1.07 per share, up from 97 cents per share. CIBC says its profit for the quarter ended Oct. 31 amounted to $2.20 per diluted share, up from $1.90 per diluted share a year ago. Revenue for the quarter totalled $7.58 billion, up from $6.62 billion, while the bank’s provision for credit losses amounted to $605 million, up from $419 million a year ago. On an adjusted basis, CIBC says it earned $2.21 per diluted share, up from an adjusted profit of $1.91 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $2.08 per share, according to estimates compiled by LSEG Data & Analytics. “In a dynamic operating environment, our proactive and disciplined approach to managing our business, our resilient capital position and our deep client relationships supported robus Show less Read more
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