Canadian Imperial Bank of Commerce reported a 23% increase in fiscal second-quarter profit, beating analysts’ estimates. The bank also announced a US$1.6-billion deal to sell its Caribbean division, a material strategic restructuring that could support capital efficiency and focus on core operations.
Canadian Imperial Bank of Commerce reported a 23% increase in fiscal second-quarter profit, beating analysts’ estimates. The bank also announced a US$1.6-billion deal to sell its Caribbean division, a material strategic restructuring that could support capital efficiency and focus on core operations.
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