CIBC quarterly profit rises on capital markets strength-March 2024-www.financetom.com

CIBC quarterly profit rises on capital markets strength

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

CIBC quarterly profit rises on capital markets strength

Feb 27, 2025 2:54 AM

Feb 27 (Reuters) - Canadian Imperial Bank of Commerce ( CM )

reported a rise in first-quarter profit on Thursday,

helped by strength in its capital markets unit.

The bank's adjusted net income rose to C$2.18 billion ($1.52

billion), or C$2.20 per share, in the three months ended January

31, from C$1.77 billion, or C$1.81 per share, a year earlier.

($1 = 1.4335 Canadian dollars)

Previous page： Crown Castle Appoints Steven Moskowitz as New Chief Executive Amid Control Battle With Founder Ted Miller Next page： Intesa targets new digital-only clients after antritrust blow

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Crown Castle Appoints Steven Moskowitz as New Chief Executive Amid Control Battle With Founder Ted Miller

May 3, 2024

10:29 AM EDT, 05/03/2024 (MT Newswires) -- Crown Castle ( CCI ) said Friday it appointed Steven Moskowitz as chief executive. The company's board also asked that shareholders vote for nominees unanimously recommended by its directors at the annual meeting slated for May 22 as founder Ted Miller's demands to take de facto control of the company put shareholders' investment...

Intesa targets new digital-only clients after antritrust blow

May 3, 2024

* Antitrust ruling derailed client migration timetable * Technology side of project progressing well - CTO * To migrate full group IT infrastructure by end-2026 - CTO By Valentina Za MILAN, May 2 (Reuters) - Italy's biggest bank Intesa Sanpaolo on Friday said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively...

Kelly Services to Acquire Motion Recruitment Partners From Littlejohn

May 3, 2024

10:29 AM EDT, 05/03/2024 (MT Newswires) -- Kelly Services ( KELYA ) Kelly said Friday it has agreed to acquire Motion Recruitment Partners from investment firm Littlejohn for $425 million in cash to be paid at close and additional earnout potential of up to $60 million. The deal is expected to close in Q2, subject to regulatory approvals, the company...

TransAlta Keeps "Outperform" Rating, Target Price from National Bank of Canada After Q1 Results

May 3, 2024

10:29 AM EDT, 05/03/2024 (MT Newswires) -- TransAlta ( TAC ) kept its outperform rating and $13 target price after the company posted first-quarter results that slightly beat analyst estimates, National Bank of Canada said on Friday. TransAlta's ( TAC ) adjusted EBITDA of $328 million exceeded the bank's forecast of $316 million and the Street estimate of $308 million....