May 30, 10:19 AM

Scotiabank Reports $2.09B Q2 Profit, CIBC Beats Estimates, Allocates $1B for Loan Losses

Scotiabank exceeded profit estimates in the second quarter, reporting a $2.09 billion profit and allocating $1 billion for loan losses. CIBC also surpassed expectations with a profit increase driven by capital markets strength and lower loan loss provisions.

#Scotiabank #CIBC

Written with ChatGPT (GPT-3).

Sources

Reuters Business@ReutersBiz
2 years ago
Canada's CIBC beats profit estimates on US strength, capital markets business https://t.co/Cdk59lGI1J https://t.co/a4YIm0qBhV
The Globe and Mail@globeandmail
2 years ago
CIBC earnings beat estimates, building on earlier momentum https://t.co/KkUSENsETi
Bloomberg@business
2 years ago
CIBC beat analysts’ estimates as it set aside less money than expected for possible loan losses. https://t.co/zAdjrSq0wh

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Scotiabank Reports $2.09B Q2 Profit, CIBC Beats Estimates, Allocates $1B for Loan Losses

Sources

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