CIBC says profit fell more than 10 per cent as the amount it set aside for bad loans in the quarter tripled. Read more
The bank says it earned $1.43 billion or $1.47 per diluted share for the quarter ended July 31, down from a profit of $1.67 billion or $1.78 per diluted share a year ago.Revenue totalled $5.85 billion, up from $5.57 billion in the same quarter last year.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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