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Market volatility helped lead to a surge in trading activity for CIBC that boosted first quarter revenue, while a lawsuit settlement pushed earnings down. The bank, the first among the Big Six to report first-quarter results this year, said Friday that its non-trading margins on earnings income also rose in the quarter thanks to rising central bank interest rates, while the same trend is leading to a slowing of loan growth.
Source: ctv business
CIBC sees Q1 trading revenue jump while earnings hit by lawsuit settlement
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