Canadian Imperial Bank of Commerce

CM: XTSE (CAN)

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Canadian Imperial Bank of Commerce Earnings: Strong Results, and an Announcement to Sell CIBC Caribbean

Maoyuan Chen

May 28, 2026

CIBC reported strong second-quarter results, with adjusted earnings per share of CAD 2.54, up 24% year over year. The bank also announced a definitive agreement to sell its 91.7% stake in CIBC Caribbean to Bank of N.T. Butterfield & Son for USD 1.6 billion. Shares fell approximately 4.5% on the day.

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