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Canadian Imperial Bank of Commerce Profit Falls In Q2

Canadian Imperial Bank of Commerce (CM.TO) announced a profit for second quarter that decreased from the same period last year

The company's earnings came in at C$1.52 billion, or C$1.62 per share. This compares with C$1.65 billion, or C$1.78 per share, in last year's second quarter.

Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$1.65 billion or C$1.77 per share for the period.

The company's revenue for the quarter rose 9.1% to C$5.38 billion from C$4.93 billion last year.

Canadian Imperial Bank of Commerce earnings at a glance (GAAP) :

-Earnings (Q2): C$1.52 Bln. vs. C$1.65 Bln. last year.
-EPS (Q2): C$1.62 vs. C$1.78 last year.
-Revenue (Q2): C$5.38 Bln vs. C$4.93 Bln last year.

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