TORONTO, Feb. 13,
2025 /CNW/ - CIBC (TSX: CM) (NYSE: CM)
released today an abridged Supplementary Financial Information
package for the fiscal years ending October
31, 2024 and 2023, reflecting the following changes that
were effective November 1, 2024:
- Our Simplii Financial direct banking business and
Investor's Edge direct investing business, previously reported in
Capital Markets and Direct Financial Services have been realigned
with Canadian Personal and Business Banking and Canadian Commercial
Banking and Wealth Management, respectively; and
- Our CIBC Cleary Gull U.S. mid-market investment banking
business has been realigned from Capital Markets to U.S. Commercial
Banking and Wealth Management.
While these changes restate the results of our strategic
business units, there is no impact to the Bank's consolidated
financial results.
The affected pages of the Supplementary Financial Information
package reflecting these changes are available for download at
www.cibc.com/ca/investor-relations/quarterly-results.html.
About CIBC
CIBC is a leading North American financial
institution with 14 million personal banking, business, public
sector and institutional clients. Across Personal and Business
Banking, Commercial Banking and Wealth Management, and Capital
Markets businesses, CIBC offers a full range of advice, solutions
and services through its leading digital banking network, and
locations across Canada, in
the United States and around the
world. Ongoing news releases and more information about CIBC can be
found at https://www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC - Investor Relations
