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.
Revenue totalled $7.02 billion, up from $6.16 billion.
The bank’s provisions for credit loss totalled $605 million, up from $514 million last year.
On an adjusted basis, CIBC says it earned $2.05 per share, up from $1.75 per share last year.
Analysts on average had expected earnings of $1.89 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published May 29, 2025.
Companies in this story: (TSX:CM)
