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Canadian Imperial Bank of Commerce Q4 profit rises as loan loss provisions shrink

By Yahoo! Finance   |   2 weeks ago
Canadian Imperial Bank of Commerce Q4 profit rises as loan loss provisions shrink

Canadian Imperial Bank of Commerce's fourth-quarter profit rose due to reduced loan loss provisions. With improving economic conditions, banks like CIBC and Bank of Nova Scotia are seeing declines in credit loss reserves, while others like Royal Bank of Canada and National Bank are setting aside more.

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