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CIBC Shares Climb on 1Q Earnings Beat

By Adriano Marchese


Canadian Imperial Bank of Commerce shares rose in early trading Friday after the bank reported better-than-expected first-quarter results.

At 9:47 a.m. ET, shares were up 3.9% to C$161.90.

CIBC reported adjusted earnings of 4.08 Canadian dollars a share, the equivalent of US$3.19 a share, beating analyst expectations of C$3.67 a share.

Revenue was C$5.5 billion from C$4.96 billion, while analysts expected C$5.24 billion.


Write to Adriano Marchese at


(END) Dow Jones Newswires

February 25, 2022 10:09 ET (15:09 GMT)

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