Canadian Imperial Bank of Commerce

CM: XTSE (CAN)
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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.

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