Canadian Imperial Bank of Commerce CM-T reported higher fiscal third-quarter profit on Thursday as capital markets earnings soared on robust trading revenue and its domestic retail banking unit had a strong quarter.

CIBC earned $2.1-billion, or $2.15 per share, in the three months that ended July 31. Quarterly profit was up 17 per cent from $1.8-billion, or $1.82 per share, a year earlier.

Adjusted to exclude certain items, CIBC said it earned $2.16 per share, which was well ahead of the consensus estimate among analysts of $2 a share, according to data from the London Stock Exchange Group (LSEG).

CIBC kept its quarterly dividend unchanged at 97 cents per share, and also announced a plan to buy back about 2.2 per cent of its outstanding shares.

Uncertainty over tariffs has weighed on

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