The Toronto-based bank said Thursday that it earned $392 million or 83 cents per share for the quarter ended April 30, down from a profit of $1.35 billion or $2.95 per share in the same quarter last year.
That stress has so far amounted to the bank earning 94 cents per share on an adjusted basis, a drop from $2.97 per share during period last year. Barclays analyst John Aiken said in a note to investors that CIBC opted to take significant reserves up front and that should be viewed positively.
Go Fund Me for CIBC?
Y'all change your tune if the banks where the start closing don't don't you remember the 30s
Sickening .
With Covid19 the past few MO th this was expected.
Awwww, pity
Charging low/mid income people service fees that are beyond reasonable still offers a very good return apparently.
Poor babies! They should just ask for government handouts! 🙄🙄🙄🙄
Gee, maybe because they just spent MILLIONS hating their customers and shutting down most branches. If my Business account didn't have tenure privileges I'd have left them a long time ago when they opened the info centers like a big FU to their clients. Bank our way they say.
ah that's a shame 😥
Oh so so sad. How on EARTH should the taxpayers let this horrific atrocity take place! BAIL OUT!
Thoughts and prayers....ffs...
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