Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions.Canada's 5th largest lender said its net income rose to C$921 million, or C$2.26 per share in the quarter ended July 31, from C$878 million, or C$2.13 a year earlier.Adjusted earnings per share were C$2.23. Analysts had expected C$2.21 per share.CIBC said net income at its wholesale banking unit, which includes investment banking and trading, rose 32 percent to C$282 million. It benefited from increased financial markets activity, including fees from the initial public offering of PrairieSky Royalty Ltd.
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM traded higher by 1.47% or $1.41/share to $97.05. In the past year, the shares have traded as low as $76.25 and as high as $97.23. On average, 155730 shares of CM exchange hands on a given day and today's volume is recorded at 234383.
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM traded higher by 0.72% or $0.75/share to $105.51. In the past year, the shares have traded as low as $79.47 and as high as $105.75. On average, 861052 shares of CM.TO exchange hands on a given day and today's volume is recorded at 954294.
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