Bank looks to leave mortgage loan review woes behind
Big Five banks earn $10.6 billion Q2 profit, up 11%
Business growth and improved efficiency contribute to improved performance
Recently announced acquisitions in Chile, Colombia and Peru are expected to close in the second half of this fiscal year
Deposit rates have not risen as quickly as loan rates
Wealth-management net income up 25% to $537 million
The bank delivered strong earnings across its divisions
Each of the bank’s units performed well during the quarter
CIBC is the first of the big banks scheduled to report its latest results with data out Wednesday
The company’s Q1 profit more than doubled to a record $525 million