Toronto-based CIBC reported that its market share of card purchase volumes hit 31.7% for the quarter ending Oct 31st, while market share of card balances outstanding now stands at 21.5%. CIBC also reported a 40% increase in customers for its President’s Choice Financial brand over the past twelve months, to end the quarter with 1.05 million customers. During the quarter, CIBC decided that it would close its U.S. electronic banking operations and focus on further developing its electronic banking operations in Canada. Overall, CIBC reported a quarterly loss of $100 million, down from reported earnings of $242 million for the same quarter of 2001 and reported earnings of $193 million in the prior quarter. The decrease in reported earnings from the same quarter in 2001 was primarily due to restructuring charges in the U.S. electronic banking operations and other businesses, and lower revenue from the CIBC World Markets business line. For complete details on CIBC’s latest quarterly performance visit CardData ([www.carddata.com]).