Strong results driven by profit in international banking
Bank boosts dividend by 15%
CIBC today reported a 33% rise in first-quarter profit, helped by stronger retail banking and capital markets income.The baml said net income was $770 million, or $2.11 a share, for the three months ended Jan. 31. That compared with earnings of $580 million, or $1.62 a share, in the same period a year earlier.The bank […]
Bank raises quarterly dividend to 68¢ a share
Strong business growth in the personal and commercial and wealth-management segments
Pretax income for year rises 27%
35.3% increase in income from trading and investment activity in the fourth quarter
Revenue up 6% in Q1
Underwriting results and increased investment income boost earnings
Banking profits up 14.3%