CIBC, BMO Report Strong Q2 Results and Dividend Hikes

Canadian Imperial Bank of Commerce (CIBC) reported strong second-quarter 2025 results, with adjusted earnings per share rising 17% and revenue up 14%, supported by broad-based growth and disciplined expense management. Bank of Montreal (BMO) also posted higher second-quarter profits, with adjusted earnings of C$2.62 per share surpassing analyst estimates and announcing a dividend increase of 2.5-4%. BMO's performance was driven by strength in wealth management and U.S. operations, though the bank raised provisions for credit losses amid increased commercial and consumer lending risks. BMO outperformed the S&P 500 year-to-date and achieved a 10% stock price gain in the past month, but its one-year return remained below the broader Canadian banking sector. Both banks' results highlight their financial resilience and adaptability despite ongoing economic uncertainties and global market tensions.