💨 Abstract

Canadian Imperial Bank of Commerce (CM) reported a fiscal second-quarter net income of CAD1.41 billion. Earnings per share were CAD1.43, exceeding Wall Street estimates of CAD1.34. Adjusted earnings were CAD1.44 per share. Revenue for the quarter was CAD10.62 billion, but net revenue, after interest expenses, was CAD4.94 billion, slightly below forecasts of CAD5.01 billion.

Courtesy: WTOP Staff