CIBC reports $1.17-billion Q3 profit, beat expectations

TORONTO — CIBC reported its third-quarter profit fell compared with a year ago as its provisions for bad loans rose due to the impact of the COVID-19 pandemic and continued pressure on oil prices, but the bank still topped expectations. CIBC says it earned $1.17 billion or $2.55 per diluted share for the quarter ended July 31, […]