Multiple shifts occurred across various market segments
Spike in market volatility likely to hurt fee revenues, investor confidence
Global wealth management revenue dropped 12.5%
Across all segments of the industry, advisor and management shifts are taking place
The rating agency cited "persistently high debt levels"
Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said
The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago
Across the industry, there were retirement announcements and an advisor move
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter
Net income for the bank's wealth management division increased to $750 million compared with $683 million a year ago