
CM Stock Forecast & Price Target
CM Analyst Ratings
Bulls say
Canadian Imperial Bank of Commerce demonstrated robust financial performance in its recent fiscal reports, with the core lending net interest margin (NIM) improving to 1.90%, alongside a 9% quarter-over-quarter increase in Canadian Commercial Banking and Wealth Management earnings, totaling $598 million. Additionally, growth in average loans of approximately 10% year-over-year and a notable rise in Canada Personal and Business Banking earnings of 11% quarter-over-quarter to $817 million reflect strong customer demand and effective business strategy. Moreover, the positive revision of core earnings per share estimates for fiscal years 2025, 2026, and 2027 indicates confidence in the bank's continued profitability and operational efficiency.
Bears say
Canadian Imperial Bank of Commerce (CM) has experienced a decline in its gross impaired loans ratio, reflecting only a marginal decrease, which highlights ongoing challenges in its lending portfolio. The bank reported total provisions for credit losses (PCLs) of $559 million, down approximately 8% quarter-over-quarter yet up 16% year-over-year, indicating volatility and persistent credit concerns. Additionally, CM's reduction of its medium-term return on equity target to above 15% from a previous 16% illustrates a shift in expectations that may impact 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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