Total revenues increased to $12.54bn, compared to $12.43bn during the comparable period a year ago.
Retail and Business Banking segment net income was $2.3bn, up from $2.2bn last year, backed by volume growth across most retail products and higher fees, partially offset by narrower spreads.
Wealth Management had net income of $339m during the current fiscal, up from $279m earlier year, boosted by higher revenue in asset management partially offset by lower revenue in retail brokerage.
Wealth Management group head Victor Dodig said, "We will continue to invest in our Wealth Management platform, domestically and internationally, to enhance the client experience and strengthen shareholder returns."
Wholesale Banking registered net income of $613m with a substantial increase from $543m last year, despite ongoing volatility and uncertainty in global equity markets.
Its return on common shareholders’ equity was 22%, while Tier 1 capital and Tangible Common Equity ratios were 13.8% and 11.6%, respectively.
Headquartered in Toronto, CIBC employs 42,000 staff and offers retail and business banking, wealth management and wholesale banking services to 11 million clients, globally.
