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	Saved 2026-06-11 12:16 1mo ago Published 2026-05-28 06:30 1mo ago	CIBC announces Senior Executive Leadership Changes CM Canadian Imperial Bank of Commerce	FMP Stock News
Original source text /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced senior leadership changes to its Group Executive Leadership Team. These changes will position the bank to
	Saved 2026-06-11 12:16 1mo ago Published 2026-05-28 07:53 1mo ago	Canada's big banks post broad-based earnings beats as credit fears ease CM Canadian Imperial Bank of Commerce	FMP Stock News
Original source text Royal Bank of Canada (TSX:RY), Toronto-Dominion Bank (TSX:TD) and Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) all topped analyst profit estimates on Thursday, as strength in domestic banking and lower loan loss provisions helped the lenders navigate a challenging macroeconomic backdrop marked by US-Canada trade tensions. The three banks largely benefited from strong growth at home and lower provisions for credit losses, or the money set aside to shield profits from souring loans. Royal Bank posted adjusted earnings per share of C$3.90 for the quarter ended April 30, beating the C$3.79 estimate, as net income rose 25% year over year to C$5.5 billion. Return on equity reached 17.2%, surpassing the bank's recently elevated 17% target. Provisions for credit losses fell 36% year over year to C$912 million, accounting for much of the beat. RBC raised its quarterly dividend 7% to C$1.76 per share and announced plans to repurchase up to 45 million common shares. Shares fell roughly 1%. Toronto-Dominion reported adjusted EPS of C$2.38, ahead of the C$2.26 consensus, with record second-quarter earnings in Canadian Personal and Commercial Banking, Wealth Management, and Wholesale Banking. Canadian banking profit rose 15% year over year, while US retail adjusted net income grew 12% in US dollar terms. Provisions came in below expectations at C$1 billion. TD raised its quarterly dividend 3.7% to C$1.12 per share. Shares slipped roughly 0.4%. CIBC posted adjusted EPS of C$2.54, beating the C$2.42 estimate, lifted by capital markets strength. Revenue came in at C$8.01 billion against expectations of C$7.84 billion. Alongside its results, the bank announced a deal to sell its 91.67% stake in CIBC Caribbean Bank Limited to The Bank of NT Butterfield & Son for approximately US$1.6 billion, comprising US$1 billion in cash and Butterfield shares currently valued at US$645 million. The stake represents an equity interest in Butterfield of approximately 22% at closing, with CIBC obtaining two seats on Butterfield's board. CIBC plans to invest a portion of the proceeds in US wealth manager &Partners. Shares dropped 4.8%. All six of Canada's major banks surpassed profit estimates for the second quarter.

Original source text

Royal Bank of Canada (TSX:RY), Toronto-Dominion Bank (TSX:TD) and Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) all topped analyst profit estimates on Thursday, as strength in domestic banking and lower loan loss provisions helped the lenders navigate a challenging macroeconomic backdrop marked by US-Canada trade tensions.

The three banks largely benefited from strong growth at home and lower provisions for credit losses, or the money set aside to shield profits from souring loans.

Royal Bank posted adjusted earnings per share of C$3.90 for the quarter ended April 30, beating the C$3.79 estimate, as net income rose 25% year over year to C$5.5 billion.

Return on equity reached 17.2%, surpassing the bank's recently elevated 17% target.

Provisions for credit losses fell 36% year over year to C$912 million, accounting for much of the beat.

RBC raised its quarterly dividend 7% to C$1.76 per share and announced plans to repurchase up to 45 million common shares. Shares fell roughly 1%.

Toronto-Dominion reported adjusted EPS of C$2.38, ahead of the C$2.26 consensus, with record second-quarter earnings in Canadian Personal and Commercial Banking, Wealth Management, and Wholesale Banking. Canadian banking profit rose 15% year over year, while US retail adjusted net income grew 12% in US dollar terms. Provisions came in below expectations at C$1 billion.

TD raised its quarterly dividend 3.7% to C$1.12 per share. Shares slipped roughly 0.4%.

CIBC posted adjusted EPS of C$2.54, beating the C$2.42 estimate, lifted by capital markets strength. Revenue came in at C$8.01 billion against expectations of C$7.84 billion.

Alongside its results, the bank announced a deal to sell its 91.67% stake in CIBC Caribbean Bank Limited to The Bank of NT Butterfield & Son for approximately US$1.6 billion, comprising US$1 billion in cash and Butterfield shares currently valued at US$645 million. The stake represents an equity interest in Butterfield of approximately 22% at closing, with CIBC obtaining two seats on Butterfield's board. CIBC plans to invest a portion of the proceeds in US wealth manager &Partners. Shares dropped 4.8%.

All six of Canada's major banks surpassed profit estimates for the second quarter.

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