CIBC, RBC, TD: Banks Dangle Dividend Increase As They Bear Credit Loss Provisions

A trend seems to be emerging as Canada’s biggest banks continue the earnings season for fiscal Q2 2023. Canadian Imperial Bank of Commerce (TSX: CM) started the second day of earnings week, reporting $5.70 billion in quarterly revenue. This is a decline from Q2 2022’s $5.93 billion. While reported net income jumped to $1.69 billion … Continue reading CIBC, RBC, TD: Banks Dangle Dividend Increase As They Bear Credit Loss Provisions