CIBC Q1 2006 Earnings

RBC Capital Markets, 2 March 2006CIBC reported $1.63 versus $1.49 consensus and RBCCM estimate at $1.54.Investment Opinion� Headline 9% Above Consensus, Underlying ~3% Above. CIBC�s $1.63 cash EPS reported compared very favourably to our RBCCM estimate of $1.54 and consensus at $1.49. As with other banks in Q1/06, the beneficial, but cyclical trading and loan losses assisted. Using the consensus