TORONTO - 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 ...
02-22-2018, 10:20 PM
CIBC raises dividend on strong first quarter
TORONTO - 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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