
CM Stock Forecast & Price Target
CM Analyst Ratings
Bulls say
Canadian Imperial Bank of Commerce demonstrated a robust performance with a core lending net interest margin (NIM) increase of 6 basis points quarter-over-quarter, reaching 1.90%, alongside a notable growth of commercial banking and wealth management earnings, which rose approximately 9% quarter-over-quarter and 19% year-over-year, totaling $598 million. The bank's pre-provision pre-tax earnings growth of approximately 9% quarter-over-quarter was the strongest within its competitive group, indicating operational resilience, while personal and business banking earnings also saw an uplift of 11% quarter-over-quarter and 17% year-over-year to $817 million. Furthermore, with projected increases in core earnings per share for fiscal years 2025 to 2027, alongside a strategic share repurchase plan, the financial outlook for the bank remains positive.
Bears say
The Canadian Imperial Bank of Commerce (CM) reported a decline in its gross impaired loans ratio, suggesting some improvement; however, it still highlighted a notable year-over-year increase in total provisions for credit losses (PCLs), indicating underlying credit quality concerns. The bank's total PCLs of $559 million, while down 8% quarter-over-quarter, remained slightly below expectations, and provisions in certain sectors showed volatility. Furthermore, CM's reduction in its medium-term return on equity target to above 15% reflects heightened capital requirements, which may constrain profitability and investor confidence moving forward.
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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