Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Canadian Imperial Bank of Commerce · CM · FY2024 Q4 · Calendar Q4 2024
CIBC emphasizes wealth, digital banking and AI amid capital constraints
CIBC's management presents wealth management, digital banking and AI-enabled risk and client solutions as growth priorities, while the investment case remains balanced by credit, macroeconomic and regulatory-capital risks.
Reported Before market openNYSEFinancial Services
$103.53B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.93
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $4.78B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.7%
Event window
SPY move
-0.2%
Same window
Abnormal move
+4.8%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
-5.1%
Up to 20 sessions
CMSPY benchmark
Ask FN2 about CM FY2024 Q4
Transcript, numbers and history already loaded
What drove CM's +4.7% move after FY2024 Q4 earnings?What changed in CM's guidance and outlook in FY2024 Q4?Give me the bull and bear case for CM after FY2024 Q4 earnings.
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Transcript intelligence
What changed
The current analysis places greater emphasis on mass-affluent wealth, digital banking and AI-enabled risk management, while maintaining the ROE objective and capital-return focus. It also identifies mortgage renewals, U.S. wealth inflows and fee-based income as growth drivers.
Guidance delta
Maintained; management reaffirmed a medium-term ROE target of 15%+ despite higher CET1 buffers.
Key takeaways
- Management described double-digit earnings and revenue growth, supported by margin expansion and fee-based income.
- Strategic priorities include mass-affluent wealth, digital banking, connected-platform capabilities and AI-enabled risk management.
- Management highlighted resilient credit quality but noted higher U.S. commercial provisions and ongoing macro and regulatory-capital risks.
- Capital actions included a dividend increase and share repurchases, according to the supplied analysis.
Management priorities
- Expand digital banking and the mobile experience.
- Invest further in AI for risk and client solutions.
- Grow the mass-affluent private-wealth franchise in Canada and the U.S.
- Continue share buybacks and dividend growth.
- Pursue selective tuck-in acquisitions in U.S. wealth management.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$114.02Current
$70Low
$106.62Average
$127.32High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Jun 1, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | May 30, 2025 |
| B of A Securities | Neutral | Underperform | Upgrade | Dec 18, 2023 |
| National Bank Financial Inc | Sector Perform | Sector Perform | Maintain | Sep 1, 2023 |
| Barclays | Equal Weight | Equal Weight | Maintain | Sep 1, 2023 |
| CFRA | Hold | Hold | Maintain | May 29, 2020 |
| TD Securities | Buy | Hold | Upgrade | Sep 6, 2017 |
| Credit Suisse | Neutral | Underperform | Upgrade | Mar 31, 2017 |
| Macquarie | Neutral | Neutral | Maintain | Dec 4, 2015 |
| Citigroup | Buy | Buy | Maintain | Mar 5, 2015 |
| Keefe, Bruyette & Woods | Underperform | Market Perform | Downgrade | Feb 20, 2015 |
| Keefe Bruyette & Woods | Underperform | Market Perform | Downgrade | Feb 20, 2015 |
| Bank of America | Neutral | Buy | Downgrade | May 31, 2013 |
| National Bank Financial | Sector Perform | Sector Perform | Maintain | Aug 31, 2012 |
| Canaccord Genuity | Hold | Hold | Maintain | Aug 31, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $114.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $70 | $41.9 | -38.6% | Jan 6, 2023 |
| Desjardins | Douglas Young | $122.55 | $111.95 | +7.5% | Aug 30, 2021 |
| Bank of America Securities | Ebrahim Poonawala | $127.32 | $105.92 | +11.7% | May 19, 2021 |
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Start freeCompany context
Snapshot as of publicationCanadian Imperial Bank of Commerce (CIBC) operates as a broad-based financial services provider, extending a wide array of financial offerings and solutions. Its diverse clientele includes individuals, corporations, government entities, and large institutional clients across Canada, the United States, and globally. The bank's operations are structured into four key divisions: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets.…
Historical context
All CM earningsFinancial Services peers this season
Latest reports in the same sector
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-21T00:04:18.285229+00:00
- Polygon adjusted daily market bars · 2026-10-25T20:00:40.540478+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T20:00:40.537485+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.