December 6, 2012 / 11:09 AM / in 5 years

CIBC profit rises on markets-related income

TORONTO, Dec 6 (Reuters) - Canadian Imperial Bank of Commerce reported a 13 percent increase in quarterly earnings as stronger wholesale banking results offset a slump on consumer and business lending income.

CIBC, Canada’s fifth-largest bank, said on Thursday that it had earned C$852 million ($858.05 million), or C$2.02 a share, in the fourth quarter ended on Oct. 31, compared with C$757 million, or C$1.79 a share, a year earlier.

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