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CM — Canadian Imperial Bank of Commerce News Story

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CIBC's quarterly profit rises on capital markets strength

CIBC's quarterly profit rises on capital markets strength

- Canadian Imperial Bank of Commerce CM.TO reported a rise in second-quarter profit on Thursday, helped by strong performance in its capital markets business.

The bank's adjusted net income was C$2.47 billion ($1.78 billion), or C$2.54 per share, for the three months ended April 30, compared with C$2.02 billion, or C$2.05 per share, a year earlier.



($1 = 1.3856 Canadian dollars)


(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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