Canadian Imperial Bank: Fiscal Q3 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal third-quarter earnings of $1.72 billion.

The bank, based in Toronto, said it had earnings of $1.77 per share. Earnings, adjusted for non-recurring costs, were $1.96 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The bank and financial services company posted revenue of $11.64 billion in the period. Its revenue net of interest expense was $6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CM at https://www.zacks.com/ap/CM