Wealth and Asset Management
CIBC Quarterly Profit Rises 8% on Wealth-Management Gains
Canadian Imperial Bank of Commerce, the country’s fifth-largest lender, posted second-quarter profit that beat analysts’ estimates on gains in investment banking and wealth management. CIBC raised its dividend 2.1 percent. Net income for the period ended April 30 climbed 8 percent to C$876 million ($847 million), or C$2.12 a share,…
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