Total revenue was C$584 million, up from C$568 million and C$470 million in the previous quarter and prior year respectively.

For the year, CIBC logged net income from wealth management of $471 million, compared with $385 million in 2013.

Key highlights from the wealth unit, the firm said, included: completion of the acquisition of Atlantic Trust, which retained 99 per cent of its clients through the transition and has increased assets by 28 per cent from the deal announcement; CIBC Investor's Edge made online investing even better for Canadians with new lower commission rates of $6.95 for all clients, and $4.95 for active traders; and CIBC Asset Management achieved its 5th consecutive sales record for long-term mutual funds of $5.4 billion this year and surpassed the $100 billion assets under management milestone.

Steve Geist, group head of wealth management, said the firm will continue to invest in the business in 2015 and beyond to enhance the client experience and further increase the division's contribution to CIBC's overall earnings.

CIBC as a whole on the other hand reported net income of $811 million, down from $825 million for the fourth quarter a year ago and $921 million for the prior quarter. Its adjusted ROE was 20.9 per cent for the year ended October 31, 2014, and the Basel III Common Equity Tier 1 ratio was 10.3 per cent as at October 31, 2014.