Turmoil in capital markets and slowing economic growth are having an impact on some financial services companies
The bank had revenue growth in all business segments
Bank beat analyst expectations for the quarter
Figure is down from $54.9M a year ago
Profits increased by 7%
Earnings in wealth management up 20% with "strong contributions" from MD Financial, Jarislowsky Fraser
Earnings in wealth management down as profit from insurance business fell
CIBC reported net income of $1.4 billion for the quarter ended July 31
Wealth management division reports an 11% increase in net income year over year
Several analysts estimate the country's six biggest banks will see modest earnings-per-share growth