CIBC Reports Record Profits
This is a news story, published by financialpost, that relates primarily to Canadian Imperial Bank of Commerce news.
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Canadian Imperial Bankfinancialpost
•CIBC hikes dividend as profit beats expectations
70% Informative
Canadian Imperial Bank of Commerce reported higher fourth-quarter profits than last year .
Net income for the three-month period ending Oct. 31 increased 27 per cent compared to the same period last year to $1.88 billion .
Adjusted for certain conditions, the bank earned $19 billion , up 24 per cent from a year ago .
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