Canadian Imperial Bank of Commerce's first-quarter profit rose 9 percent, mainly helped by its wealth management unit's performance, and Canada's No. 5 bank said it's exploring the sale of its low-margin broker mortgage unit.The bank, commonly known as CIBC, earned C$835 million ($833.13 million), or C$1.93 a share, compared with C$763 million, or C$1.80 a share, a year ago.Excluding items, the bank earned C$1.97 a share.Analysts on average had expected a profit of C$1.93 a share, according to Thomson Reuters I/B/E/S.
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM remained unchanged at $76.27. In the past year, the shares have traded as low as $67.32 and as high as $85.56. On average, 1264380 shares of CM.TO exchange hands on a given day and today's volume is recorded at 1435650.
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM remained unchanged at $76.25. In the past year, the shares have traded as low as $64.92 and as high as $88.76. On average, 201262 shares of CM exchange hands on a given day and today's volume is recorded at 0.
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