加国CIBC银行利润升13%，增加季度红利。

Canadian Imperial Bank of Commerce reported higher profit of $1.4-billion for its fiscal first quarter, boosted in part by the sale of real estate properties.

Adjusted to exclude certain items, CIBC's profit was up 13 per cent to nearly $1.2-billion, or $2.89 per share, ahead of analysts' expectations of $2.57 a share.

 

Revenue for the quarter was $4.2-billion, compared with $3.6-billion a year ago.

The bank also hiked its quarterly dividend by 3 cents per share to $1.27.

 

"In the first quarter, CIBC delivered strong performance across retail and business banking, wealth management and capital markets," said Victor Dodig, CIBC's president and chief executive officer, in a statement.