August 25, 2016 / 10:02 AM / a year ago

CIBC's profit rises 47 percent

Aug 25 (Reuters) - Canadian Imperial Bank of Commerce , Canada’s fifth-biggest lender, reported a 47 percent rise in third-quarter profit, helped by growth in its retail and business banking and capital markets units.

The bank’s net income rose to C$1.44 billion ($1.12 billion), or C$3.61 per share, in the quarter ended July 31, from C$978 million, or C$2.42 cents per share, a year earlier. ($1 = C$1.2909) (Reporting by Matt Scuffham and Anet Joslin Pinto; Editing by Savio D‘Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below