CIBC Clocks 9% Revenue Growth In Q2, Boosts Dividend

Canadian Imperial Bank of Commerce (TSX:CM) (NYSE:CM) reported a second-quarter net income decline of 8% year-over-year to C$1.52 billion, and adjusted net income declined 1% Y/Y to C$1.65 billion.

The revenue increased by 9% Y/Y to C$5.38 billion, net interest income increased 12% Y/Y to C$3.09 billion, and non-interest income was C$2.29 billion (+5% Y/Y).