CIBC beats expectations despite profit drop as bank earnings kick off

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The Canadian Imperial Bank of Commerce reported a drop in first\u002Dquarter profit as it set aside provisions to settle a lawsuit. Read more

net income of $432 million, down 77 per cent from $1.87-billion, or $2.01 per share, a year ago for the three-month period ended Jan. 31.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. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

While loan growth checked in at 10 per cent, including 14 per cent for commercial loans, the bank’s credit-loss provisions grew to $295 million, up $220 million from the same time last year. in the hopes of generating double-digit revenue growth over the next few years. Total revenue in this segment grew to $706 million in the first quarter from $653 million during the fourth quarter last year.Article content

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

They still made money, just not as much as they wanted.

My grandfather in 1944. I'm sure others, many others, agree.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 10. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The Daily Chase: CIBC reports earnings beat; Survey examines mortgage fraud in Canada - BNN BloombergCIBC is kicking off Canadian bank earnings season with a beat, albeit a somewhat muted one.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »