Canadian Imperial Bank of Commerce (CIBC) reported Q2 earnings of $1.75bn, exceeding analyst expectations.
Canadian Imperial Bank of Commerce (CIBC) reported Q2 earnings of $1.75bn, beating analyst expectations of $1.65/share. The bank's provisions for credit losses in the quarter amounted to $514m, up from $438m a year earlier, but lower than analysts' estimates. CIBC's focus on expense control has continued, contributing to the overall positive performance.
May 30, 2024
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