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

Canadian Imperial Bank of Commerce

28/08/2025 10:28

Aug 28 (Reuters) - Canadian Imperial Bank of Commerce CM.TO reported a rise in third-quarter profit on Thursday, driven by robust performance in its capital markets division.

The bank's adjusted net income rose to C$2.1 billion ($1.52 billion), or C$2.16 per share, during the three months ended July 31, compared with C$1.90 billion, or C$1.93 per share, a year earlier.

($1 = 1.3817 Canadian dollars)

 (Reporting by Atharva Singh and Prakhar Srivastava in Bengaluru; Editing by Krishna Chandra Eluri)

 ((Atharva.Singh@thomsonreuters.com;))