The bank earned $1.90 per share on an adjusted basis last quarter, well below the $2.38 that analysts were looking for
. That’s much less than the $547 million analysts were expecting. CIBC earned $1.91 per share on an adjusted basis, higher than the $1.79 forecast. . Credit losses came in at $1.11 billion, up 26 per cent but slightly below the $1.12 billion forecast. The company’s revenue rose 18 per cent to $15.51 billion and the bank raised its dividend by almost three per cent.
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