
CIBC Shows Lower Q3 Earnings, In Contrast To Canadian Peers
BANKS
TORONTO--Canadian Imperial Bank of Commerce (CIBC), which is the last of the Canadian banks to release third quarter results for the period ended July 31, reports an 8 per cent dip in total forex income. However, the bank reports that FX trading-related income (excluding revenues from the retail branch network) suffered a 70 per cent year-on-year decline, citing derivatives-related losses.
The bank's total FX revenue (including trading and other FX income) for the period was C$65 million ($43
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com