TORONTO, Feb 25 (Reuters) - Canadian Imperial Bank of
Commerce CM.TO posted a first-quarter profit that topped
market expectations on Thursday, helped by growth in its retail
and business banking division.
The lender also raised its quarterly dividend.
Net income for the quarter ended Jan. 31 was C$982 million,
or C$2.43 per share, compared with C$923 million, or C$2.28 per
share, a year ago. Excluding special items, earnings rose to
C$2.55 per share.
Analysts on average had expected earnings of C$2.41 a share,
according to Thomson Reuters I/B/E/S.