[Music] CIBC shares jumped to 2-year high as us Office Outlook brightens CIBC shares reached a 2-year high after beating analyst profit estimates and addressing issues in its us office portfolio the bank had struggled with the US office Market but stated most problems in its $3 billion portfolio are resolved Frank GSE head of risk management at CIBC noted that while major losses are behind some smaller issues May persist CIBC reported earnings of C1 93 per share for the fiscal third quarter surpassing the C doll one 74 forecast by analysts Provisions for credit losses were c483 million lower than the C dollar 551 million projected marking a strong quarter CIBC shares Rose as much as 6.4% reaching c78 22 their highest level since March 2022 showing Market confidence the bank's Canadian personal and business banking unit saw a 26% profit increase but Capital markets income fell by over 20%