Canadian Imperial Bank of Commerce
CM: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <%m | LOCK|fV>Q | LOCK|<V?J!@J |
Canadian Imperial Bank of Commerce Earnings: Net Interest Margin Expansion and Lower Provisioning
Canadian Imperial Bank of Commerce reported good results for its fiscal third quarter. Provisioning costs declined by 8% sequentially and adjusted net interest margin expanded by 6 basis points from the prior quarter. Adjusted earnings per share of CAD 2.16 represented a 5% sequential increase.
