09:55 AM EST - Canadian Imperial Bank of Commerce : reported second-quarter net income of $660 million, compared to a net loss of $51 million for the same period last year. Net income applicable to common shares was $617 million, compared to a loss of $90 million in the year-ago quarter. Earnings per share were $1.59, compared to a loss per share of $0.24 a year ago. Cash net income applicable to common shares was $624 million, compared to a loss of $81 million in the year-ago quarter. Cash earnings per share were $1.61, compared to a cash loss per share of $0.21 a year ago. Total revenue, including TEB adjustment, were $2.929 billion, up from $2.175 billion in the year-ago quarter. Canadian Imperial Bank of Commerce
shares T.CM are trading down $2.73 at $72.56.
