CIBC cites digital, cloud as key to 7% YOY growth

Canadian Imperial Bank of Commerce (CIBC) credits digital investments and a cloud-first strategy with its 2021 growth, which saw adjusted revenue increase 7% year over year. The $653.6 billion bank reported $15.6 billion in adjusted revenue for 2021 on Thursday’s earnings call. Adjusted net income was $1.3 billion, up from the $1 billion reported in […]