10:21 AM EST - Canadian Imperial Bank of Commerce : said on Thursday that quarterly earnings rose a higher-than-expected 22.5% due to loan growth and lower provisions for credit losses. Canada's number-five bank earned $799 million, or $1.92 a share, in the first quarter ended on Jan. 31, compared with $652 million, or $1.58 a share, a year earlier. Excluding items, profit was $1.97 a share. Analysts on average had expected $1.77, according to Thomson Reuters. Canadian Imperial Bank of Commerce
shares T.CM are trading up $1.87 at $81.57.
