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CIBC Leans on US Commercial Banking, Wealth to Drive Gains

  • CEO Dodig expanded in US with PrivateBancorp deal in 2017
  • Canadian banking chief says business clients remain optimistic
A Canadian Imperial Bank of Commerce branch in downtown Toronto

A Canadian Imperial Bank of Commerce branch in downtown Toronto

Photographer: Annie Sakkab/Bloomberg
Updated on

Canadian Imperial Bank of Commerce expects its US commercial-banking and wealth-management business to provide the fastest sales growth over the next three years.

The unit will increase revenue at a 10% to 13% compound annual growth rate through 2025, according to an investor-day presentation Thursday. That’s the highest growth rate of any of the four units for which Canada’s fifth-largest lender released projections.