In spite of economic uncertainty in Europe, slower growth in China and domestic household debt levels, the Canadian Imperial Bank of Commerce (CM) reported a growth in profits of 8.6%. Strength in CIBCs wealth management, retail and business banking segments supported the bank in Q1 in 2012.
For the three month period ending on January 31, CIBC reported significantly stronger profits, with an increase of 8.6%. The reported net income for Q1 2012 was $835 million, compared to $763 million
Continue reading CIBC: Margins To Remain Healthy In Spite Of Economic Uncertainty
RY – Royal Bank Of Canada (NYSE: RY, TSE: RY.TO) – Stock Price Target for 2012
Since we opened our doors in 1864, RBC has grown to become one of North America’s leading diversified financial services companies providing banking, wealth management, insurance and capital markets services on a global basis. We demonstrate our vision of “always earning the right to be our clients’ first choice” through our values — service, teamwork, responsibility, diversity and integrity.
1. Estimated Sales = $28.12
Continue reading RY – Royal Bank Of Canada (NYSE: RY, TSE: RY.TO) – Stock Price Target for 2012