2023-05-25 05:42:18 ET
- Canadian Imperial Bank press release ( NYSE: CM ): FQ2 Non-GAAP EPS of $1.70 beats by $0.07 .
- Revenue of $5.7B (+5.9% Y/Y) beats by $10M .
- CET1 ratio was 11.9% at April 30, 2023, compared with 11.6% at the end of the prior quarter. CIBC's leverage ratio and liquidity coverage ratio at April 30, 2023 were 4.2% and 124%, respectively.
- Provision for credit losses was C$438M, up C$135M from the same quarter last year.
- "In a more fluid economic environment we remain well capitalized and our well-diversified business provides resilience, as we live our purpose of helping make ambitions real in the second half of the fiscal year," said Victor G. Dodig, President and CEO, CIBC.
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Canadian Imperial Bank Non-GAAP EPS of $1.70 beats by $0.07, revenue of $5.7B beats by $10M