Canadian Imperial Bank Of Commerce Exec Says Most Sensitive Business Lending Exposed To Tariff Impact Represent Less Than 1% Of Bank's Total Loan Portfolio; Bank Has Built Additional Reserves For Tariff-Related Risks Since The Beginning Of FY25, Continue To Build Allowance This Quarter
-Conference Call.
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Why It Matters
CIBC's executive said that the part of their lending business most hurt by tariffs (extra taxes on imports) is less than 1% of all their loans, so it's a small risk. The bank is saving extra money just in case tariff problems happen, which shows they're thinking ahead and being careful.
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