CIBC profit rises on capital markets strength

Canadian Imperial Bank of Commerce

29/05/2025 10:29

May 29 (Reuters) - 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 rose to C$2.02 billion ($1.46 billion), or C$2.05 per share, during the three months ended April 30, compared with C$1.72 billion, or C$1.75 per share, a year ago.

($1 = 1.3832 Canadian dollars)

 (Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo)

 ((Pritam.Biswas@thomsonreuters.com;))