CORRECTED-CIBC profit slips on charges

Thu Dec 5, 2013 5:50am EST
 
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(Corrects to omit reference to lower loan-loss provisions)

TORONTO Dec 5 (Reuters) - Canadian Imperial Bank of Commerce, Canada's No. 5 bank, said on Thursday its fourth-quarter profit slipped 1.9 percent, due to one-time charges.

CIBC earned C$836 million ($782.00 million), or C$2.05 a share, in the quarter ended Oct. 31. That compared with a profit of C$852 million, or C$2.02 a share, in the year-before period.

($1 = 1.0691 Canadian dollars) (Reporting by Cameron French)