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RBC, CIBC report higher Q4 profit; both banks hike dividend - National

As big bank earnings continue, RBC and CIBC both reported higher profits in the fourth quarter and hiked their payout to shareholders.

CIBC misses profit estimates as it sets aside more money for bad loans

CIBC missed analysts’ estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

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