
CM Stock Forecast & Price Target
CM Analyst Ratings
Bulls say
Canadian Imperial Bank of Commerce demonstrated robust financial performance, highlighted by a core lending net interest margin (NIM) increase of 6 basis points quarter-over-quarter to 1.90%, coupled with significant growth in earnings from its Canadian Commercial Banking and Wealth Management segment, which rose by approximately 9% quarter-over-quarter and 19% year-over-year. Notably, Canada Personal and Business Banking earnings saw an impressive increase of 11% quarter-over-quarter and 17% year-over-year, reaching $817 million, surpassing earlier estimates. Furthermore, the upward revisions in core EPS estimates for fiscal years 2025 to 2027 reflect strong underlying fundamentals and effective capital management strategies, reinforcing a positive outlook for the institution.
Bears say
The Canadian Imperial Bank of Commerce has experienced a decline in total provisions for credit losses (PCLs) of approximately 8% quarter-over-quarter, indicating a slight deterioration in credit quality, especially as total PCLs were up 16% year-over-year. The bank's gross impaired loans (GIL) ratio, while experiencing a negligible quarterly decrease, remains a point of concern in the larger context of the industry. Additionally, the bank's need to maintain higher CET 1 capital has led to a reduction in its medium-term return on equity (ROE) target from over 16% to 15%+, suggesting a potential strain on profitability.
This aggregate rating is based on analysts' research of Canadian Imperial Bank of Commerce and is not a guaranteed prediction by Public.com or investment advice.
CM Analyst Forecast & Price Prediction
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