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CIBC Rises After Becoming Latest Canadian Bank To Post Strong Earnings
CMCIBC(CM) Investopedia·2024-05-30 13:00

Key Takeaways CIBC's capital markets division also grew its income by 13% from last year thanks to higher revenue from its investment banking and global markets businesses. CIBC's total assets crossed the C1trillionmarkinthequarter,withdepositsrisingtoC1 trillion mark in the quarter, with deposits rising to C732 billion from last year's C723.4billion.DividendAnnouncements,ChangesCIBCalsodeclareditsquarterlydividendofC723.4 billion. Dividend Announcements, Changes CIBC also declared its quarterly dividend of C0.90 Thursday, with payments set to be paid out July 29 to shareholders of record on June 28. Shares of the Canadian Imper ...