In spite of economic uncertainty in Europe, slower growth in China and domestic household debt levels, the Canadian Imperial Bank of Commerce (CM) reported a growth in profits of 8.6%. Strength in CIBCs wealth management, retail and business banking segments supported the bank in Q1 in 2012.
For the three month period ending on January 31, CIBC reported significantly stronger profits, with an increase of 8.6%. The reported net income for Q1 2012 was $835 million, compared to $763 million
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