CIBC distinction jumps 25% in 4th entertain to record $4.7B for a year

CIBC is stating net income of $1.16 billion in a fourth quarter, adult 25 per cent from $931 million during a same duration final year, on clever performances opposite a divisions.

The Toronto-based bank says a net income for a 3 months finished Oct. 31 amounted to $2.59 per diluted share; it was $2.32 per share during a same duration in 2016.

• TD Bank distinction rises to $2.7 billion in fourth quarter
• Royal Bank distinction rises to all time high

On an practiced basis, CIBC’s distinction amounted to $2.81 per share in a fourth quarter, adult 8 per cent from $2.60 per share in a fourth entertain of 2016.

That kick a $2.59 in practiced gain per share approaching by analysts surveyed by Thomson Reuters.

Revenue for a entertain totalled $4.27 billion, adult 16 per cent from $3.68 billion in a same duration a year ago.

For a full financial year, a Canadian lender’s net income attributable to equity shareholders was $4.7 billion, compared with $4.28 billion for a 2016 financial year, while income for a full year was $16.28 billion, adult from $15.04 billion.

Article source: http://www.cbc.ca/news/business/cibc-bank-earnings-1.4426113?cmp=rss