US EditionCIBC Reports Rise in Profit on Trading Boost, Modest Borrower Concerns
- CIBC announced a profit of $2.01 billion for its fiscal second quarter ending April 30, 2025, in Toronto.
- The profit increase followed higher revenues and trading gains amid a moderately increased provision for credit losses.
- Revenue rose to $7.02 billion, boosted by a 32 percent gain in capital markets revenue and 48 percent higher trading revenue.
- CIBC reported adjusted earnings of $2.05 per share, exceeding the $1.89 per share consensus forecast compiled by LSEG Data & Analytics.
- Although there was a modest increase in delinquencies and writeoffs, CIBC remains assured about the stability of its loan portfolios and intends to prioritize growth in more profitable segments.
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fitzhugh.ca+4 Reposted by 4other sources
CIBC reports second quarter profit of $2.01 billion, revenue also up
TORONTO — CIBC reported a second-quarter profit of $2.01 billion, up from $1.75 billion in the same quarter last year. The bank says the profit amounted to $2.04 per share for the quarter ending April 30, up from $1.79 per share last year.
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