CIBC raises dividend on strong first quarter

[ahlam1399]

http://static-global-s-msn-com.akamaized.net/img-resizer/tenant/amp/entityid/BBJsWDs.img?h=100&w=100&m=6&q=60&o=f&l=fTORONTO - The Canadian Imperial Bank of Commerce kicked off banks' earnings season with a dividend hike and first-quarter net income that beat market expectations on the back of strong results at home and south of the border. Canada's fifth-largest lender said Thursday it continues to see benefits from the purchase of Chicago-based The PrivateBank, which CIBC acquired in June 2017 and rebranded in September as CIBC Bank USA. As part of its strategy ...

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