Canadian Imperial Bank of Commerce (CM) released earnings for its third quarter that Increased from last year and beat the Street estimates.
The company's bottom line totaled C$2.094 billion, or C$2.15 per share. This compares with C$1.786 billion, or C$1.82 per share, last year.
Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$2.102 billion or C$2.16 per share for the period.
Analysts on average had expected the company to earn C$2.00 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.8% to C$7.254 billion from C$6.604 billion last year.
Canadian Imperial Bank of Commerce earnings at a glance (GAAP) :
-Earnings: C$2.094 Bln. vs. C$1.786 Bln. last year.-EPS: C$2.15 vs. C$1.82 last year.-Revenue: C$7.254 Bln vs. C$6.604 Bln last year.
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