Economy

Canadian Imperial Bank Of Commerce Announces Advance In Q3 Bottom Line

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(RTTNews) – Canadian Imperial Bank of Commerce (CM) revealed a profit for its third quarter that Increases, from the same period last year

The company’s bottom line came in at C$2.409 billion, or C$2.47 per share. This compares with C$2.096 billion, or C$2.15 per share, last year.

Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$2.648 billion or C$2.73 per share for the period.

The company’s revenue for the period rose 15.4% to C$8.368 billion from C$7.254 billion last year.

Canadian Imperial Bank of Commerce earnings at a glance (GAAP) :

-Earnings: C$2.409 Bln. vs. C$2.096 Bln. last year.
-EPS: C$2.47 vs. C$2.15 last year.
-Revenue: C$8.368 Bln vs. C$7.254 Bln last year.