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
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
Goldman funds to take $900 million hit on Northvolt, FT reports By Reuters
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)
Are You Missing These Hidden Warning Signs When Hiring?
This Founder Turned a Hangover Cure into Millions
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)
-
Investing4 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Investing6 days agoThis Founder Turned a Hangover Cure into Millions
-
Investing7 days agoYour Firsthand Experiences Shape the Way You Run Your Business — Here’s How Mine Shaped Me
-
Investing4 days agoGoogle faces call from DuckDuckGo for new EU probes into tech rule compliance By Reuters
-
Make Money4 days ago7 Common Things You Should Never Buy New