Reported about 7 hours ago
CIBC reported stronger-than-expected profits, driven by its capital markets segment, with adjusted earnings of C$2.20 per share surpassing analysts' estimates. The bank's capital markets profit rose 19% year-on-year, attributed to increased trading activities. Core banking also saw gains, although there are potential risks from trade tensions affecting its outlook. CEO Victor Dodig expressed confidence in the bank's growth strategy amid economic volatility.
Source: YAHOO