Canadian Imperial Bank: Fiscal Q3 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal third-quarter profit of $1.3 billion.
The Toronto-based bank said it had earnings of $1.33 per share. Earnings, adjusted for non-recurring costs, were $1.41 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The bank and financial services company posted revenue of $12.06 billion in the period. Its revenue net of interest expense was $4.82 billion, also beating Street forecasts. Three analysts surveyed by Zacks expected $4.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CM at https://www.zacks.com/ap/CM