First Quarter 2022 Financial Results
Broad-based growth in fee income
Non-Interest Income by Category ($MM)1
2,366
2,124
2,185
2,163
2,084
744
•
647
674
678
686
267
208
161
102
223
1,060
1,160
1,151
1,164
1,189
Q1/21
Q2/21
Q3/21
■ Market-related (excl. trading)
■ Trading
Market-related (incl. trading)
Underwrit
& Advis.
10%
Mutual
Fund
33%
Q4/21
Q1/22
Market-related fees benefitting from rebound in trading activity
Trading revenues up 20% YoY
Strong client flows and market appreciation in Wealth Management
Strong growth in transactional fees
Continued recovery in consumer activity driving higher card and
deposit fees
Higher credit fees, driven by growth in Banker's Acceptance
volumes
■ Transactional ■ Other 2
Transactional Fees
Card Purchase Volumes by Spend Category, Indexed to Q1/20 (%)
140
Trading
18%
Credit
43%
FX 10%
120
100
$1,456MM
Other
8%
Investment Mgmt
& Custodial
$744MM
Card
80
18%
60
31%
Deposit &
Payment
29%
40
Q1/21
Q4/21
Q1/22
1 Market-related fees include underwriting and advisory, investment management and custodial, and mutual fund fees, commissions on securities transactions, and gains/losses from financial instruments measured at
FVTPL and debt securities measured at FVOCI. Transactional fees include deposit and payment, credit, and card fees, and foreign exchange other than trading.
CIBC◇
2 Other primarily includes insurance fees, income from equity-accounted associates and joint ventures, and other.
3 Includes hotels, entertainment, recreation and restaurants.
Home & Office
Retail & Grocery
-Household Expenses
-Total
-Leisure 3
-Transportation
First Quarter, 2022
11View entire presentation