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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.