Updating Canadian Imperial Bank of Commerce, Royal Bank of Canada and Thomson Reuters Inc.

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CANADIAN IMPERIAL BANK OF COMMERCE $96 (www.cibc.com) earned $2.55 a share in the quarter ended January 31, 2016. That’s up 8.1% from $2.36 a year earlier. Strong gains at the bank’s main personal and business banking operations offset weaker earnings from wealth management and securities trading. CIBC also increased its dividend by 2.6%; the new annual rate of $4.72 a share yields 4.9%. Buy. ROYAL BANK OF CANADA $73 (www.rbc.com) recently completed its $7.1-billion acquisition of Los Angeles-based City National Bank. This business added $53 million to its latest quarterly profits. Even so, Royal’s overall earnings fell 0.4%, to $2.45 billion from $2.46 billion a year earlier; earnings per share fell 4.2%, to $1.58 from $1.65, on more shares outstanding. These declines are mainly due to weaker results from its insurance and securities trading operations. Even so, Royal boosted its dividend by 2.5%; the new annual rate of $3.24 a share yields 4.4%. Buy. THOMSON REUTERS INC. $50 (www.thomsonreuters.com) plans…