Canada's CIBC fourth-quarter profit rises on strength in capital markets unit

Canadian Imperial Bank of Commerce

04/12/2025 11:13

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Dec 4 (Reuters) - Canadian Imperial Bank of Commerce CM.TO reported a rise in fourth-quarter profit on Thursday, driven by robust performance in its capital markets division.

The bank's adjusted net income rose to C$2.19 billion  ($1.57 billion), or C$2.21 per share, during the three months ended October 31, compared with C$1.89 billion, or C$1.91 per share, a year earlier.

($1 = 1.3958 Canadian dollars)

 (Reporting by Prakhar Srivastava in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Prakhar.srivastava2@thomsonreuters.com;))