Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s): CM | T.CM.PR.Q | T.CM.PR.P | T.CM.PR.S

Financial Services

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. Its Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centers, as well as mobile and online channels. Its Canadian Commercial Banking and Wealth Management provides relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.

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Canadian Imperial Bank of Commerce > Stock split dividend increase missed earnings buy .01 cents

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Comment by fakmizon May 27, 2022 12:34pm

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RE:RE:Stock split dividend increase missed earnings buy .01 cents

Only missed earnings by $.01 because they increased loss provisions by approx. $270mm to cover potential bad debts in Costco M/C portfolio which they recently took over. I stress potential! Otherwise revenues were up and without the forgoing, profits would have exceeded anaylists estimates.

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