CIBC second quarter profit rises on capital markets gain
Canadian Imperial Bank of Commerce reported an adjusted second quarter profit of C$2.47 billion. Strong capital markets performance drove the bank's results.
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Canadian Imperial Bank of Commerce reported a 22% rise in second-quarter adjusted net income to C$2.47 billion. The results exceeded the C$2.02 billion earned during the same period a year earlier. Strong performance in capital markets drove the growth, signaling resilience in institutional banking despite broader economic shifts.
