Investing
CIBC posts decline in second-quarter profit on loan loss provisions
© Reuters. A sign for the The Canadian Imperial Bank of Commerce (CIBC) in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio
(Reuters) – CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy.
Net income, excluding one-off items, came in at C$1.63 billion ($1.20 billion) or C$1.70 a share for the three months ended April 30, compared with C$1.65 billion or $1.77 a share a year earlier.
Read the full article here
Steal These 5 Brilliant Wealth-Building Secrets From the Rich Today
I’ve Spent 20 Years Studying Focus. Here’s How I Use AI to Multiply My Time and Save 21 Weeks of Work a Year
Gift the Power of Language Learning with This Limited-Time Price on Babbel
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
The One Microsoft Design Tool Business Owners Shouldn’t Miss
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
How to Create a Unique Value Proposition (With Tips & Examples)
This Founder Turned a Hangover Cure into Millions
Are You Missing These Hidden Warning Signs When Hiring?
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Passive Income7 days agoThe One Microsoft Design Tool Business Owners Shouldn’t Miss
-
Side Hustles5 days agoThe DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Side Hustles5 days agoHow to Create a Unique Value Proposition (With Tips & Examples)
-
Investing6 days agoThis Founder Turned a Hangover Cure into Millions
-
Investing4 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Investing7 days agoYour Firsthand Experiences Shape the Way You Run Your Business — Here’s How Mine Shaped Me
-
Make Money4 days ago7 Common Things You Should Never Buy New
-
Investing4 days agoGoogle faces call from DuckDuckGo for new EU probes into tech rule compliance By Reuters