Skip to Content
Global News Select

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 adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

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

Copyright (c) 2022 Dow Jones & Company, Inc.