(Recasts lead, adds details in paragraph 2, 7, 12-13, stock quote in paragraph 5 and conference call comments in paragraph 10.) –Raises dividend, first time in four years –Beats expectations –Retail bank volumes up Canadian Imperial Bank of Commerce CM raised its quarterly dividend for the first time in four years after its third-quarter profit jumped 26% on higher investment-banking fees.

Find more subprime information from Google

0 Responses to “CIBC raises dividend after profit jumps 26%”

  1. No Comments

Leave a Reply





This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






Subscribe

Subscribe to my RSS Feeds