CIBC profits rise on broad gains including from increased U.S. exposure
Its Canadian wealth management revenue was up 18% in the quarter from a year earlier
- By: Ian Bickis, The Canadian Press
- December 4, 2025 December 4, 2025
- 09:22
Its Canadian wealth management revenue was up 18% in the quarter from a year earlier
The bank also appointed Tammy Brown to its board of directors
The bank's wealth management business earned $699M in the quarter
Final consultation on merged dealer rules will get 120-day comment period
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Meanwhile, the U.S. stock market held relatively steady near its records
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The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
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Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales