CIBC beat analyst estimates in the second quarter as revenues rose and the bank raised its quarterly dividend to $0.87 per share. Read more
rose over 10 per cent to $1.69 billion in the three months ending April 30. On an adjusted basis, the bank’s profit fell 2 per cent to $1.63 billion, or $1.70 per share. Bloomberg analysts had been expecting $1.63 per share.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
CIBC’s capital equity tier 1 ratio, which compares a bank’s capital against its risk-weighted assets to gauge its resilience, stood at 11.9 per cent this quarter, up from 11.6 per cent in the previous quarter.
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CIBC hikes dividend as profit beats expectationsCIBC beat analyst estimates in the second quarter as revenues rose and the bank raised its quarterly dividend to $0.87 per share. Read more
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