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 firstname.lastname@example.org
(END) Dow Jones Newswires
February 25, 2022 10:09 ET (15:09 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.