TORONTO — CIBC says it earned $2.41 billion in its third quarter, up from $2.10 billion in the same quarter last year, helped by revenue growth across its business. The bank says the profit amounted to $2.47 per diluted share for the quarter ending July 31 compared with a profit of $2.15 per diluted share a year earlier. On an adjusted basis, CIBC says it earned $2.73 per diluted share for its latest quarter, up from an adjusted profit of $2.16 per diluted share in the same quarter last year. Revenue totalled $8.37 billion for the quarter, up from $7.25 billion a year earlier. CIBC’s provision for credit losses amounted to $564 million compared with $559 million in the same quarter last year. Analysts on average had expected a profit of $2.53 per share and $8.03 billion in revenue, according to LSEG Data & Analytics. This report by The Canadian Press was first published Aug. 27, 2026.
