The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
May 28, 2026
· 6 min read
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CIBC’s quarterly profit rises on capital markets strength
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Article Excerpt
CIBC tops profit estimates, strikes deal to sell Caribbean division
JAMES BRADSHAW
INSTITUTIONAL INVESTING REPORTER
PUBLISHED MAY 28, 2026
UPDATED MAY 29, 2026
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Canadian Imperial Bank of Commerce CM-T +0.25%
increase
reported a 23-per-cent increase in fiscal second-quarter profit that beat analysts’ estimates, announced a deal to sell its Caribbean division for US$1.6-billion and shuffled its top executive team.
Profits were up across each of the bank’s bu…
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