Fourth Quarter 2022 Financial Highlights
Non-Interest Income
Strong trading activity offset by lower fees due to market deterioration
Non-Interest Income by Category ($MM)4
Market-related (incl. trading) & Transactional Fees4
2,366
2,288
2,335
2,084
2,203
267
314
265
102
Underwrit.
& Advis
11%
282
1,197
1,160
1,143
1,134
Mutual
Fund 32%
Credit 46%
Trading
21%
FX 10%
1,043
$1.3B
+5% YoY
$725MM
+5% YoY
Card 14%
Other 4%
690
736
717
700
725
Q4/21
Q1/22
■Market-related (excl. trading)1
Q2/22
Q3/22
Q4/22
Trading² ■ Transactional1 ■ Other3
•
Non-interest income up 6% YoY, or down 3% excluding trading
•
•
Investment Mgmt &
Custodial
32%
Deposit & Payment
30%
Strong trading revenues driven mainly by Foreign Exchange, Interest Rates and Commodities trading
Offset by lower market-sensitive fees including mutual fund fees, commissions on securities transactions, investment management
and custodial, and underwriting fees
Transactional revenues were stable sequentially, and up 5% from the prior year
Market-related fees include underwriting and advisory, investment management and custodial, and mutual fund fees, commissions on securities transactions, gains/losses from financial instruments measured at FVTPL, debt securities measured at FVOCI, and the
amount of foreign-exchange other than trading income (loss) that is market-driven. Transactional fees include deposit and payment, credit, and card fees, and the portion of foreign exchange other than trading that is transactional in nature.
See note 7 on slide 46.
1
2
3
Other primarily includes insurance fees, income from equity-accounted associates and joint ventures, and other.
4
Charts reflect the allocation of foreign-exchange other than trading income (loss) between market-driven and transactional revenues.
CIBC◇
Fourth Quarter, 2022
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