0813 ET - Canadian Imperial Bank of Commerce logged a solid quarter, supported by strong fee-based revenue and margin expansion, says Stephen Boland of Raymond James. The analyst awaits the conference call with management for details, but notes 4Q adjusted EPS of C$2.21 was above the consensus and his own C$2.12 forecast. Gross loans totaled C$594 billion versus the C$593 billion Boland penciled in, but credit-loss provisions of C$605 million were ahead of the C$560 million he forecast. CIBC's gross loan formations increased C$105 million on-quarter to C$1.43 billion. And the bank's adjusted efficiency ratio of 55% was wider than the 54.8% Boland expected. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 08:13 ET (13:13 GMT)
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