Shares of Canadian Imperial Bank of Commerce (CM) gained 5.5% following the release of its third-quarter fiscal 2024 (ended July 30) results. Adjusted earnings per share of C$1.93 increased 27% from the prior-year quarter. Results benefited from an improvement in revenues and lower provisions. Also, loans and deposit balances increased in the quarter. However, higher expenses were an undermining factor. After considering non-recurring items, net income was C$1.8 billion ($1.31 billion), reflecting a 25% yea ...

jetcityimage/iStock Editorial via Getty Images Data by YCharts Canadian Imperial Bank of Commerce (NYSE:CM) ("CIBC") has had a solid enough 2024 so far. Stalling net interest income and rising expenses - both operating and credit-linked - have been sources of concern here, but the bank has largely taken these in stride, helped by robust fee income generation. Its stock has also been among the better performing 'Big Six' Canadian banks this year, returning around 18% (with dividends) at the time of writing. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

财务数据和关键指标变化 - 公司在第三季度实现了强劲的业绩,调整后净收入达19亿美元,每股收益1.93美元,资本充足率和流动性比率均大幅高于监管要求 [8][14][17] - 净利息收入增长14%,受益于息差扩大和资产负债表增长 [19][20] - 非利息收入增长17%,主要受益于交易收入和市场相关业务的持续增长 [20][24] - 公司保持了良好的成本管控,实现了60个基点的正操作杠杆 [17][21] - 贷款损失拨备大幅下降,主要受益于美国办公楼贷款的表现改善 [28][29] 各条业务线数据和关键指标变化 - 个人及商业银行业务净收入增长20%,主要受惠于贷款损失拨备下降 [22] - 加拿大商业银行及财富管理业务保持稳定,财富管理业务收入增长15% [23] - 美国商业银行及财富管理业务净收入大幅增长,主要受惠于贷款损失拨备下降 [23] - 资本市场及直接金融服务业务收入增长9%,但受到部分监管调查的影响 [24] 各个市场数据和关键指标变化 - 加拿大个人及商业银行业务贷款增长1%,存款增长5%,体现了公司的选择性增长策略 [42][43][44] - 美国商业银行业务正在进行战略性调整,重点从商业地产转向企业贷款,存款和企业贷款均实现了高于市场的增长 [11][97][98][99] - 公司预计随着利率下降和经济增长,未来业务活动将会加快 [11] 公司战略和发展方向及行业竞争 - 公司坚持以客户为中心的策略,在各个业务线保持良好的发展势头,并持续提升客户体验和数字化能力 [7][9][10][13][14] - 公司正在大力投资人工智能技术,以提高生产效率和客户服务 [14][15] - 公司在加拿大的财富管理业务表现出色,在美国正在进行战略性投资以实现长期增长 [12][13] - 公司在资本市场业务方面保持差异化优势,美国业务持续增长 [13] - 公司将继续专注于高回报客户群体,提升数字化能力,加深客户关系,并实现全面的效率提升 [16] 管理层对经营环境和未来前景的评论 - 管理层认为当前经济环境正在向好转,但仍需要更多利率下降和经济增长的支持 [35][41] - 公司对未来保持乐观,认为随着利率下降和经济增长,业务活动将会加快 [11] - 公司将继续执行既定的战略,相信能够持续为股东创造价值 [66][70] 其他重要信息 - 公司宣布启动2%的股票回购计划,体现了对未来发展的信心 [8] - 公司在应对极端天气事件方面为受影响客户提供了及时的金融支持和建议 [116] 问答环节重要的提问和回答 问题1 **Ebrahim Poonawala 提问** 询问加拿大消费者和经济活动是否已经走出了对高利率的担忧,以及这对公司的信贷准备有何影响 [34][35] **Victor Dodig 和 Frank Guse 回答** 表示经济环境正在向好转,但仍需要更多利率下降和经济增长的支持,公司将保持谨慎的信贷政策 [35][36] 问题2 **Shawn Beber 回答** 详细解释了公司正在进行的美国业务战略调整,包括从商业地产向企业贷款的转型,以及未来几个季度的贷款增长和净息差预期 [97][98][99] 问题3 **Frank Guse 回答** 就加拿大房贷组合的信贷质量进行了详细解释,包括不同细分市场的表现、拨备水平和未来预期 [87][88][89][90][91]

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.16%. A quarter ago, it was expected that this bank and financial services company would post earnings of $1.22 per share when it actually produced earnings of $1.29, delivering a surprise of 5.74%. Over th ...

Report to Shareholders for the Third Quarter, 2024 www.cibc.com August 29, 2024 Report of the President and Chief Executive Officer Overview of results CIBC today announced its financial results for the third quarter ended July 31, 2024. Third quarter highlights Results for the third quarter of 2024 were affected by the following items of note aggregating to a negative impact of $0.11 per share: • $88 million charge to income tax related to the enactment of a Federal tax measure that denies the dividends re ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Canadian Imperial Bank (CM) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Augu ...

Investors might want to bet on Canadian Imperial Bank (CM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sin ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yie ...

RomoloTavani Written by Nick Ackerman. For some background on this monthly publication, here is my view on dividend growth stocks: Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is ...