Thursday, May 31, 2007

UPDATE 2-CIBC profit rises 38 pct but stock slips

(Reuters) - TORONTO, May 31 - Lower taxes and higher retail
banking profits, including a boost from a Caribbean
acquisition, helped lift second-quarter profits by 38 percent
at Canadian Imperial Bank of Commerce , or C$2.27 a
share diluted, in the three months to April 30, up from C$585
million, or C$1.63 a share, in the year-ago period.


Read more at Reuters.com Market News

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