Firm posts record revenue and income from continuing operations in Q4
Boosts dividend by 12.5%
Investment bank to spin off Discover credit card unit
Industry poised to post its fourth consecutive year in record profit
Record results at Wall Street investment banks
Slowdown in demand for auto products results in third straight quarterly decline
Annual earnings reach US$9.54 billion
Declares stock dividend and 14% increase in quarterly cash dividend
CIBC today reported a higher fourth-quarter profit, thanks to a strong performance from its retail businesses.The bank said net income for the quarter ended Oct, 31 was $819 million, or $2.32 a share, compared with $728 million, or $2.06 a share, in the corresponding quarter of 2005.For the year, CIBC’s net income hit a record […]
Profits slip from Q2