Canadian Historical Income Statement
CM Stock | CAD 91.06 0.36 0.39% |
Historical analysis of Canadian Imperial income statement accounts such as Interest Expense of 38.9 B, Selling General Administrative of 5.5 B or Total Revenue of 14.6 B can show how well Canadian Imperial Bank performed in making a profits. Evaluating Canadian Imperial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Imperial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canadian Imperial Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Imperial Bank is a good buy for the upcoming year.
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About Canadian Income Statement Analysis
Canadian Imperial Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canadian Imperial shareholders. The income statement also shows Canadian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Canadian Imperial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Canadian Imperial Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Canadian Imperial Bank minus its cost of goods sold. It is profit before Canadian Imperial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Canadian Imperial Bank operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canadian Imperial Bank is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Canadian Imperial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Imperial Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Canadian Imperial's Interest Income is very stable compared to the past year.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.5B | 32.2B | 37.0B | 38.9B | Depreciation And Amortization | 1.0B | 1.1B | 1.3B | 1.4B |
Canadian Imperial income statement Correlations
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Canadian Imperial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Imperial income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 993M | 1.0B | 1.0B | 1.1B | 1.3B | 1.4B | |
Interest Expense | 6.5B | 3.3B | 9.5B | 32.2B | 37.0B | 38.9B | |
Selling General Administrative | 6.3B | 6.5B | 7.2B | 7.6B | 8.7B | 5.5B | |
Total Revenue | 18.7B | 20.0B | 21.8B | 21.3B | 24.5B | 14.6B | |
Gross Profit | 18.7B | 20.0B | 21.8B | 23.3B | 26.8B | 14.7B | |
Other Operating Expenses | (13.8B) | (11.7B) | (4.3B) | 11.8B | 10.6B | 11.1B | |
Operating Income | 4.9B | 8.3B | 17.5B | 9.6B | 8.6B | 7.5B | |
Ebit | 4.8B | 8.3B | 7.9B | 6.9B | 6.2B | 6.0B | |
Ebitda | 5.8B | 9.3B | 9.0B | 8.1B | 7.2B | 6.4B | |
Total Operating Expenses | (13.8B) | (11.7B) | (4.3B) | 11.8B | 10.6B | 11.1B | |
Income Before Tax | 4.9B | 8.3B | 8.0B | 7.0B | 8.0B | 8.4B | |
Total Other Income Expense Net | (1.9B) | (1.4B) | (1.5B) | (2.6B) | (3.0B) | (3.1B) | |
Net Income | 3.8B | 6.4B | 6.2B | 5.0B | 5.7B | 3.1B | |
Income Tax Expense | 1.1B | 1.9B | 1.7B | 1.9B | 2.2B | 2.3B | |
Selling And Marketing Expenses | 271M | 237M | 334M | 304M | 349.6M | 290.7M | |
Net Income From Continuing Ops | 3.8B | 6.4B | 6.2B | 5.0B | 5.8B | 5.3B | |
Net Income Applicable To Common Shares | 5.0B | 3.7B | 6.3B | 6.0B | 7.0B | 5.1B | |
Minority Interest | 181M | (17M) | (23M) | (38M) | (34.2M) | (32.5M) | |
Tax Provision | 1.1B | 1.9B | 1.7B | 1.9B | 2.2B | 1.5B | |
Net Interest Income | 11.0B | 11.5B | 12.6B | 12.8B | 14.7B | 11.5B | |
Interest Income | 17.5B | 14.7B | 22.2B | 45.0B | 51.8B | 54.4B | |
Reconciled Depreciation | 1.3B | 1.0B | 1.0B | 1.1B | 1.3B | 1.0B |
Pair Trading with Canadian Imperial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Imperial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Imperial will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
The ability to find closely correlated positions to Canadian Imperial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Imperial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Imperial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Imperial Bank to buy it.
The correlation of Canadian Imperial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Imperial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Imperial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Imperial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.