Canadian Imperial Bank of Commerce (CM) revealed a profit for its first quarter that Increases, from the same period last year
The company's earnings totaled C$3.093 billion, or C$3.21 per share. This compares with C$2.163 billion, or C$2.19 per share, last year.
Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$2.678 billion or C$2.76 per share for the period.
The company's revenue for the period rose 15.3% to C$8.398 billion from C$7.281 billion last year.
Canadian Imperial Bank of Commerce earnings at a glance (GAAP) :
-Earnings: C$3.093 Bln. vs. C$2.163 Bln. last year.-EPS: C$3.21 vs. C$2.19 last year.-Revenue: C$8.398 Bln vs. C$7.281 Bln last year.
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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.