CIBC's profit triples | Reuters

May 28, 2015 9:52 AM

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May 28 Canadian Imperial Bank of Commerce's quarterly profit more than tripled, boosted by a buoyant Canadian capital market and after a charge in its Caribbean unit a year ago.

The country's fifth-largest lender's net income attributable to common shareholders rose to C$895 million ($717.2 million), or C$2.25 per share, in the second quarter ended April 30 from C$292 million, or 73 Canadian cents per share, a year earlier.

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