Sector: Financials | Industry: Banks |
Company Contact | |
Address: | 81 BAY STREET, CIBC SQUARE, PO Box 770 TORONTO ON M5J 0E7 |
Tel: | N/A |
Website: | https://www.cibc.com |
IR: | See website |
Key People | ||
Victor George Dodig President, Chief Executive Officer, Director | Hratch Panossian Senior Executive Vice President, Chief Financial Officer and Head of Enterprise Strategy | Frank Guse Senior Executive Vice President, Chief Risk Officer |
Shawn Beber Senior Executive Vice President and Group Head - U.S. Region, President and Chief Executive Officer, CIBC Bank USA | Harry K. Culham Senior Executive Vice President, Group Head - Capital Markets and Direct Financial Services | Jon Hountalas Senior Executive Vice President, Group Head - Canadian Banking |
Christina Charlotte Kramer Senior Executive Vice President, Group Head - Technology, Infrastructure and Innovation | Kikelomo Lawal Executive Vice President, Chief Legal Officer | Sandy Sharman Senior Executive Vice President, Group Head - People, Culture and Brand |
Business Overview |
Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has 13million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, the Company offers a full range of advice, solutions and services through its digital banking network and locations across Canada, with offices in the United States and around the world. Its personal banking offers products and services, including bank accounts, credit cards, mortgages, lending, investments, insurance, ways to bank and smart advice. Its business banking products and services include accounts, credit cards, borrowing, investing, cash management, smart business advice and healthcare. It also offers various business solution, including Managing Cash Flow, Financing Your Business and Day-to-Day Banking. |
Financial Overview |
For the three months ended 31 January 2024, Canadian Imperial Bank of Commerce (USA) interest income increased 24% to C$12.73B. Net interest income after loan loss provision decreased 8% to C$2.66B. Net income applicable to common stockholders increased from C$352M to C$1.65B. Net interest income after loan loss provision reflects Capital Markets segment decrease of 33% to C$358M. |