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
Bank boosts dividend
Real GDP up 0.4%
Stronger revenue growth in wealth management and personal and business banking units
Boosts dividend to 65¢ a share
Sale of customer list trims revenue
Petroleum refining, banking industries drive increase
Desjardins Financial Security (DFS) today reported 94.1% growth in insurance sales since the beginning of 2006. At the end of the third quarter, insurance sales totalled $201 million, for a $97.4 million increase over the company’s results on Sept. 30, 2005. DFS said the increase was due primarily to the signing of major group and […]
Firm to focus on U.S. wealth management