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CIBC hikes dividend as profit beats expectations

BMO Financial Group reported a fourth-quarter profit of $2.30 billion, helped by the reversal of a 2022 jury verdict against the bank in a Ponzi scheme lawsuit in the U.S.
The bank raised its quarterly dividend to $1.59 per share, up from $1.55 per share.
BMO's annual profit totaled $5.38 billion, or $6.99 per share, but results fell short of Wall Street expectations.

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Bloomberg

CIBC Profit Beats Estimates on Strength in Capital Markets

Canadian Imperial Bank of Commerce came ahead of analyst expectations with gains across all segments, particularly with strength in the capital markets business.

5 days ago·United States

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castanet.net

+10 Reposted by 10 other sources

CIBC reports Q4 profit up from year ago, raises quarterly dividend

Canadian Imperial Bank of Commerce raised its quarterly dividend as it reported a fourth-quarter profit of $1.88 billion, up from $1.49 billion in the same quarter last year. CIBC said Thursday it will now pay a quarterly dividend of 97 cents per share, up from 90 cents. The increase in the payment ...

3 months ago·Kelowna, Canada

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Washington Top News

Bank of Montreal: Fiscal Q4 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Thursday reported fiscal fourth-quarter profit of $1.68 billion. The Toronto-based bank said it had earnings of $2.15 per share. Earnings, adjusted for non-recurring gains, came to $1.39 per share. The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. The bank posted revenue of $14…

3 months ago·Washington, United States

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