Canadian Imperial Bank of Commerce operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Canadian Imperial Bank of Commerce with three other
banks in North America:
National Bank of Canada
(2020
sales of 11.22 billion Canadian Dollars [US$9.12 billion]
of which 31%
was Personal and Commercial),
Citizens Financial Group Inc
of UNITED STATES
($7.68 billion
of which 65%
was Consumer Banking), and
Bank of Montreal
(32.66 billion Canadian Dollars [US$26.53 billion]
of which 25%
was Canadian P&C).
Sales Analysis.
During the second
fiscal
quarter of 2021, sales at Canadian Imperial Bank of Commerce totalled
C$5.74 billion.
This is a drop of 11.6%
from the C$6.49 billion in sales at the company during the second quarter in 2020.
During the first two
fiscal
quarters of 2021, sales totalled C$11.62 billion, which is
15.5% lower
than through the first two quarters of 2020.
Canadian Imperial Bank of Commerce reported sales of C$25.14 billion (US$20.42 billion)
for the
fiscal
year ending
October of 2020.
This
represents
a
decrease of 12.3%
versus 2019, when the company's sales were C$28.66 billion.
Contributing to the drop in overall sales was the 34.6% decline
in Corporate and Other, from C$904.00 million to C$591.00 million.
There were also decreases in sales in
Canadian Personal and Small Business Ban (down 3.1% to C$8.49 billion)
.
However, these declines were partially offset by the increase in sales of
Capital Markets (up 18.7% to C$3.49 billion)
and
U.S Commercial Banking and Wealth Manage (up 4.5% to C$2.05 billion)
.