Canada’s CIBC profit miss sends shares to deepest daily dive in 10 years
(Reuters) – Shares of Canadian Imperial Bank of Commerce on Thursday posted their biggest daily percentage slide in a decade, after disappointing results including worse-than-expected bad loan provisions. CIBC reported a 4 percent decline in fourth-quarter profit, and Canada’s No. 5 bank by market value set aside C$402 million ($302.2 …
News story posted on 2019-12-06T12:10:00.0000000Z
