Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

CIBC Declines After Posting Quarterly Profit Drop: Toronto Mover

Canadian Imperial Bank of Commerce, the country’s fifth-biggest lender, fell the most in five months after posting a decline in first-quarter profit and maintaining its current dividend.

CIBC fell 1.7 percent to C$82.50 at 11:22 a.m. in Toronto, the most intraday since Sept. 26. The shares have gained 3.3 percent this year, compared to the 4.2 percent advance of the eight-company Standard & Poor’s/TSX Commercial Banks Industry Index.

Profit for the period ended Jan. 31 fell 4.4 percent to C$798 million, the Toronto-based bank said today in a statement. CIBC also maintained its 94 cent-a-share dividend while larger rivals Royal Bank of Canada and Toronto-Dominion Bank increased their payouts.

Bloomberg Dividend Forecasts estimated CIBC to raise its quarterly payout.

CIBC also said in the statement that its Aeroplan credit-card partnership with Aimia Inc. will expire Dec. 31 unless both companies agree to extend. Aimia fell 2.4 percent to C$15.18 in Toronto.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.