CIBC is the latest Big Five bank to report its financial results for the third quarter of 2015.

Canadian Imperial Bank of Commerce today said its wealth management business logged net income of $140 million for the third quarter of 2015, up $19 million, or 16 per cent, from the third quarter a year ago.

Wealth management revenue was up 11 per cent, primarily due to higher assets under management and driven by strong net flows across businesses and market appreciation, as well as higher fee-based assets in retail brokerage.

CIBC also noted that it launched new financial literacy initiatives including Financial Fluency seminars for young clients and a program for female clients called CIRCLE in Q3 2015.

The bank as a whole reported net income of $978 million for Q3, up from $921 million a year ago, and $911 million in the prior quarter. It also announced a quarterly dividend increase of 3 cents per common share to $1.12 per share.

CIBC is considered to be the most domestic-focused lender among the Big Five, making it relatively more exposed to the struggling Canadian economy, The Globe and Mail noted.