09:57 AM EST - Canadian Imperial Bank of Commerce : reported a 91 percent drop in third-quarter profit, mainly due to losses in structured investments related to the U.S. residential mortgage market. CIBC, Canada's fifth-biggest lender, said on Wednesday it earned $71 million, or 11 cents a share, in the three months to July 31, down from a profit of $835 million, or $2.31 a share, a year earlier.
shares T.CM are trading up $1.30 at $58.36.
