November 29, 2018 / 11:17 AM / 11 days ago

Canada's CIBC posts 8 percent rise in quarterly earnings

TORONTO, Nov 29 (Reuters) - Canadian Imperial Bank of Commerce on Thursday reported an 8 percent increase in fourth-quarter earnings, helped by growth at its retail banking and wealth management divisions.

Canada’s fifth biggest lender said earnings per share, excluding one-off items, rose to C$3.00. Analysts had, on average, forecast earnings per share of C$3.04, according to IBES data from Refinitiv. (Reporting by Matt Scuffham; Editing by Adrian Croft)

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