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Canadian Imperial Bank of Commerce Reports 19% Gain In Q4 Bottom Line

Canadian Imperial Bank of Commerce (CM.TO) reported earnings for its fourth quarter that increased from last year.

The company said its bottom line climbed to C$1.23 billion, or C$2.81 per share. This was higher than C$1.03 billion, or C$2.60 per share, in last year's fourth quarter.

Analysts had expected the company to earn C$2.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.0% to C$4.27 billion. This was up from C$3.68 billion last year.

Canadian Imperial Bank of Commerce earnings at a glance:

-Earnings (Q4): C$1.23 Bln. vs. C$1.03 Bln. last year.
-Earnings Growth (Y-o-Y): 19.4%
-EPS (Q4): C$2.81 vs. C$2.60 last year.
-EPS Growth (Y-o-Y): 8.1%
-Analysts Estimate: C$2.03
-Revenue (Q4): C$4.27 Bln vs. C$3.68 Bln last year.
-Revenue Change (Y-o-Y): 16.0%

by RTTNews Staff Writer

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