Reports Q3 revenue C$5.85B vs. C$5.57B last year. Reports CET1 ratio 12.2%. “We delivered solid financial results in the third quarter despite a more challenging economic environment,” said Victor G. Dodig, CIBC President and Chief Executive Officer. “The continued momentum in our core business performance reflects our disciplined approach to resource allocation and execution of our client-focused strategy. We continue to realize the benefits of our recent investments in technology and talent, enabling our team to do more to help our clients achieve their ambitions.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CM:
- CIBC Stock (TSE:CM) Falls after Wide Q3 Earnings Miss
- Canadian Imperial Bank Of Commerce (CM) Q3 Earnings Cheat Sheet
- CIBC price target lowered to C$62 from C$66 at Scotiabank
- CIBC price target raised to C$64 from C$62 at Canaccord
- CIBC raises Canadian prime lending rate to 7.20% from 6.95%, effective 7/13