Results for the second quarter of 2023 were affected by the following items of note aggregating to a positive impact of $0.06 per share:
- $114 million ($82 million after-tax) decrease in legal provisions (Corporate and Other); and
- $27 million ($21 million after-tax) amortization of acquisition-related intangible assets.
Our CET1 ratio(4) was 11.9% at April 30, 2023, compared with 11.6% at the end of the prior quarter. CIBC’s leverage ratio(4) and liquidity coverage ratio(4) at April 30, 2023 were 4.2% and 124%, respectively.
CIBC announced an increase in its quarterly common share dividend from $0.85 per share to $0.87 per share for the quarter ending July 31, 2023.
https://www.newswire.ca/news-releases/cibc-announces-second-quarter-2023-results-871795459.html
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