Canadian Imperial Bank of Commerce (CM.TO,CM) reported that its second-quarter net income attributable to equity shareholders increased to C$874 million or C$2.12 per share, from C$810 million or C$1.90 per share last year. Adjusted net income per share was C$2.12, compared to C$2.00 last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of C$2.08 for the quarter. Analysts' estimates typically exclude special items.
Total revenue increased to C$3.14 billion from C$3.08 billion prior year. Analysts expected revenue of C$3.14 billion for the quarter.
The Group said its Retail and Business Banking revenue has benefitted from volume growth across most retail products, offset to some extent by the continued low interest rate environment and attrition in exited FirstLine mortgage business.
CIBC also announced a quarterly dividend increase of 2 cents per common share to 96 cents per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.