CIBC quarterly profit rises on capital markets strength

Canadian Imperial Bank of Commerce

27/02/2025 10:32

Feb 27 (Reuters) - Canadian Imperial Bank of Commerce CM.TO reported a rise in first-quarter profit on Thursday, helped by strength in its capital markets unit.

The bank's adjusted net income rose to C$2.18 billion ($1.52 billion), or C$2.20 per share, in the three months ended January 31, from C$1.77 billion, or C$1.81 per share, a year earlier.

($1 = 1.4335 Canadian dollars)

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Pooja Desai)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))