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
Results improved quarter-over-quarter
Revenue was up up 19% year-over-year, but the firm reported a net loss of $4.8 million
Firm says net income declined by 30% year over year
Results beat analyst expectations
New business grew by 16.5%