CIBC's profit jumps, aided by increased focus on wealthier clients, U.S. market [Investment Executive - News]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Investment Executive - News
CIBC reported a jump in first-quarter profit compared with a year earlier, helped by its increased focus on wealthy clients and U.S. business. The bank said Thursday it had net income of $3.10 billion for the quarter ended Jan. 31, up from $2.17 billion a year earlier, as all of its key divisions showed increased profits. “Our performance reflects our momentum and the execution of our client-focused strategy,” said chief executive Harry Culham on an analyst call. He said the bank's first strategic priority is to grow its mass affluent and private wealth franchise, which is helping boost CIBC's return-on-equity. A second priority is digital-first personal banking, including what he said is a new digital banking platform in the U.S., while a third is its connected platform that he said is helping the bank expand its U.S. franchise. “By connecting our commercial banking, wealth management, and capital markets teams, we have built a strong internal referral system across our bu
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CM
Earnings
- 2/26/26 - Beat
CM
Sec Filings
- 2/26/26 - Form FWP
- 2/26/26 - Form FWP
- 2/26/26 - Form FWP
- CM's page on the SEC website