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Canadian Imperial Bank of Commerce Profit Climbs In Q3

Canadian Imperial Bank of Commerce (CM.TO) released earnings for its third quarter that climbed from the same period last year.

The company's earnings totaled C$1.73 billion, or C$3.76 per share. This compares with C$1.17 billion, or C$2.55 per share, in last year's third quarter.

Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$1.81 billion or C$3.93 per share for the period.

The company's revenue for the quarter rose 7.4% to C$5.06 billion from C$4.71 billion last year.

Canadian Imperial Bank of Commerce earnings at a glance:

-Earnings (Q3): C$1.81 Bln. vs. C$1.24 Bln. last year.
-EPS (Q3): C$3.93 vs. C$2.71 last year.
-Revenue (Q3): C$5.06 Bln vs. C$4.71 Bln last year.

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