10:12 AM EST - Canadian Imperial Bank of Commerce : has reported a fourth-quarter profit of $436 million, down from $884 million a year earlier. The bank says its cash earnings amounted to $1.09 per share, down from $2.55 a share in the same period last year and missing analyst forecasts for earnings of $1.57 per share, according to Thomson Financial. The bank's total revenue dropped to $2.2 billion from a year-ago $2.9 billion. For the full fiscal year, CIBC reported a loss of $2.1 billion, including one-time losses related to its structured credit run-off business of $4.9 billion. Canadian Imperial Bank of Commerce
shares T.CM are trading up $2.40 at $47.70.
