| Business Summary | | Canadian
Imperial
Bank
is
a
full
service
financial
company
consisting
of
four
business
units.
The
Electronic
Commerce
business
unit
comprises
mortgages,
card
products,
insurance
and
the
development
of
leading-edge
technology
businesses,
either
directly
or
through
electronic
banking
alliances,
to
generate
new
revenue
opportunities.
The
Retail
and
Small
Business
Banking
unit
comprises
a
full-service
banking
operation
offering
customers
lending,
deposit
and
investment
products
and
other
banking
services
through
an
extensive
branch
network
in
Canada
and
the
West
Indies,
and
through
electronic
channels
managed
by
the
Electronic
Commerce
business
line.
The
Wealth
Management
business
unit
helps
individual
clients
achieve
their
financial
goals
through
a
sales
force
of
more
than
3,000
financial
professionals.
The
CIBC
World
Markets
unit
has
a
broadly
based,
North
American
investment
banking
capability,
providing
integrated
financial
solutions
to
corporate,
institutional
and
government
clients. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CIBC
is
a
financial
institution
engaged
in
personal
and
commerical
banking,
insurance,
global
corporate
and
investment
banking.
For
the
six
months
ended
4/30/01,
total
interest
income
increased
9%
to
C$7.9
billion.
Net
interest
income
after
loan
loss
prov.
fell
8%
to
C$1.62
billion.
Net
income
applicable
to
Common
fell
13%
to
C$926
million.
Results
reflect
higher
interest
expenses
on
deposits
and
lower
underwriting
fee
income
and
commissions
on
securities
transactions. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
after
tax
earnings
were
460. (Preliminary; reported in millions of Canadian Dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | John Hunkin | Chairman,
CEO | Wayne Fox | Vice
Chairman | David Kassie | Vice
Chairman | I. David Marshall | Vice
Chairman | Tom Woods | CFO,
Exec. VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|