CIBC Trades Higher on Double-digit Growth in FQ3 Profit

If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh Entering text into the input field will update the search result below Quick Insights CM's net income and adjusted EPS exceeded analyst consensus estimat

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Entering text into the input field will update the search result below Quick Insights CM’s net income and adjusted EPS exceeded analyst consensus estimates, with net income at C$2.41B (consensus: C$2.27B) and adjusted EPS at C$2.73 (consensus: C$2.52). Profit and revenue growth was driven by double-digit increases in both net interest income and non-interest income, with strong performance across key divisions, especially Canadian personal and business banking, and capital markets. Provision for credit losses rose slightly but remained below consensus, and the CET1 capital ratio declined marginally, indicating stable but slightly tightened capital standing

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