{"id":13362,"date":"2023-05-25T11:58:45","date_gmt":"2023-05-25T09:58:45","guid":{"rendered":"https:\/\/investmentbell.com\/?p=13362"},"modified":"2023-05-25T11:58:48","modified_gmt":"2023-05-25T09:58:48","slug":"cibc-posts-decline-in-second-quarter-profit-on-loan-loss-provisions","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/vi\/news\/market-overview-news\/cibc-posts-decline-in-second-quarter-profit-on-loan-loss-provisions\/","title":{"rendered":"CIBC posts decline in second-quarter profit on loan loss provisions"},"content":{"rendered":"<p>(Reuters) &#8211; CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy.<\/p>\n\n\n\n<p>Net income, excluding one-off items, came in at C$1.63 billion ($1.20 billion) or C$1.70 a share for the three months ended April 30, compared with C$1.65 billion or $1.77 a share a year earlier.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost13362\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost13362').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy. Net income, excluding one-off items, came in at C$1.63 billion ($1.20 billion) or C$1.70 a share for the three months ended April 30, compared with C$1.65 [&hellip;]<\/p>","protected":false},"author":13,"featured_media":13363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-13362","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/13362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/comments?post=13362"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/13362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media\/13363"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media?parent=13362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/categories?post=13362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/tags?post=13362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}