Third Quarter 2023 Financial Results Overview
Non-Interest Income
Strong trading activity and transactional fees
Non-Interest Income by Category ($MM)4
Reported: $2,614MM
2,722
2,6485
2,515
2,335
265
2,203
670
548
470
282
Market-Related Fees4
Transactional Fees 4,5
Underwrit
& Advis.
8%
Trading
32%
Credit 44%
1,134
1,043
1,147
1,132
1,143
Mutual
Fund 25%
$1.7B
+21% YoY
Other 8%
717
725
752
725
801
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
■Market-related (excl. trading)1 = Trading 2 ■Transactional 1 ■Other3
Investment Mgmt &
Custodial
27%
$801MM5
+12% YoY
Deposit & Payment
33%
FX 10%
Card 13%5
Reported: $767MM
+7% YoY
•
•
•
Non-interest income up 12% YoY (13% on an adjusted 5 basis), or 1% excluding trading
.
Reported non-interest income impacted by the commodity tax charge related to the retroactive impact of the 2023 Federal Budget
Transactional revenues up 7% YoY (12% on an adjusted² basis) driven mainly by higher credit and deposit and payment fees, and
strong client-related foreign exchange income; sequential increase supported in part due to more days in the quarter
Market-sensitive fees excluding trading were up 1% YoY and sequentially, sustained by stronger underwriting and advisory activity,
and higher investment management revenue, largely offset by other fees and commissions
Endnotes are included on slides 46 to 51.
CIBC◇
Third Quarter, 2023
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