Toronto Stocks Slip; Canadian Imperial Bank of Commerce Rises on 3Q Beats

Dow Jones

Aug 29

By Adriano Marchese

Toronto's indexes were slightly lower Thursday in midday trading, coming off of recent fresh highs. Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-Dominion Bank and Canadian Imperial Bank of Commerce up at bat.

Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services.

Canada's S&P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&P/TSX 60 declined 0.2% to 1684.16.

Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations.

Other market movers:

Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings. Provision for credit losses also fell, but the stock declined 4.3% to C$100.49.

EQB shares were lower Thursday morning after the company said difficult macroeconomic and real estate headwinds have hit its fiscal-third-quarter earnings.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 28, 2025 12:16 ET (16:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-<a href=\"https://laohu8.com/S/D\">Dominion</a> Bank and <a href=\"https://laohu8.com/S/CM\">Canadian Imperial</a> Bank of Commerce up at bat. \n</p>\n<p>\n   Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&amp;P/TSX 60 declined 0.2% to 1684.16. \n</p>\n<p>\n  Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings. 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Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-<a href=\"https://laohu8.com/S/D\">Dominion</a> Bank and <a href=\"https://laohu8.com/S/CM\">Canadian Imperial</a> Bank of Commerce up at bat. \n</p>\n<p>\n   Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&amp;P/TSX 60 declined 0.2% to 1684.16. \n</p>\n<p>\n  Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings. Provision for credit losses also fell, but the stock declined 4.3% to C$100.49. \n</p>\n<p>\n  EQB shares were lower Thursday morning after the company said difficult macroeconomic and real estate headwinds have hit its fiscal-third-quarter earnings. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 28, 2025 12:16 ET (16:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2563052307","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563052307","pubTimestamp":1756397760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toronto's indexes were slightly lower Thursday in midday trading, coming off of recent fresh highs. Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-Dominion Bank and Canadian Imperial Bank of Commerce up at bat.Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services.Canada's S&P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&P/TSX 60 declined 0.2% to 1684.16.Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations.Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the inv","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CM":"加拿大帝国商业银行"},"translate_title":"多伦多股市下跌；加拿大帝国商业银行第三季度业绩上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CM":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Toronto's indexes were slightly lower Thursday in midday trading, coming off of recent fresh highs. Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-Dominion Bank and Canadian Imperial Bank of Commerce up at bat. \n\n\n   Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services. \n\n\n  Canada's S&P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&P/TSX 60 declined 0.2% to 1684.16. \n\n\n  Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations. \n\n\n \n\n\n  Other market movers: \n\n\n  Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings. Provision for credit losses also fell, but the stock declined 4.3% to C$100.49. \n\n\n  EQB shares were lower Thursday morning after the company said difficult macroeconomic and real estate headwinds have hit its fiscal-third-quarter earnings. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 28, 2025 12:16 ET (16:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}