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BRIEF-CIBC Posts Q3 EPS Of $2.55

Published 2020-08-27, 06:03 a/m
© Reuters.
CM
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Aug 27 (Reuters) - Canadian Imperial Bank of Commerce CM.TO :

* CIBC ANNOUNCES THIRD QUARTER 2020 RESULTS

* QTRLY EPS $2.55

* QTRLY ADJUSTED EARNINGS PER SHARE $2.71

* PROVISION FOR CREDIT LOSSES WAS $525 MILLION FOR Q3, UP $234 MILLION OR 80% FROM Q3 A YEAR AGO

* CANADIAN COMMERCIAL BANKING AND WEALTH MANAGEMENT REPORTED NET INCOME OF $320 MILLION FOR Q3, DOWN $24 MILLION

* QTRLY REPORTED ROE 12.1% VERSUS 15.5%

* CANADIAN PERSONAL AND BUSINESS BANKING REPORTED NET INCOME OF $508 MILLION FOR Q3, DOWN $150 MILLION

* Q3 EARNINGS PER SHARE VIEW C$2.15 -- REFINITIV IBES DATA

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