Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Canadian Imperial Bank of Commerce · CM · FY2025 Q2 · Calendar Q2 2025
CIBC Q2: U.S. capital markets and digital initiatives support growth
The supplied analysis supports a constructive but qualified view: CIBC's client-focused strategy, digital initiatives and U.S. capital-markets expansion are supporting growth, while margin, expense and macro-credit risks temper confidence.
Reported Before market openNYSEFinancial Services
$101.19B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.27
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $4.79B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
+0.4%
Same window
Abnormal move
-0.5%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
+2.7%
Up to 20 sessions
CMSPY benchmark
Ask FN2 about CM FY2025 Q2
Transcript, numbers and history already loaded
What drove CM's -0.1% move after FY2025 Q2 earnings?What changed in CM's guidance and outlook in FY2025 Q2?Give me the bull and bear case for CM after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current transcript analysis adds a planned CEO transition, stronger emphasis on CIBC.ai and adaptive products, and reported momentum in U.S. capital markets; guidance sentiment remained maintained.
Guidance delta
Management guidance sentiment was maintained; no new quantitative guidance change was supplied.
Key takeaways
- The transcript analysis describes 17% growth in adjusted net income and EPS, with momentum in mass affluent, private wealth, digital banking and U.S. capital markets.
- Management highlighted CIBC.ai, adaptive card products and continued U.S. expansion as strategic priorities.
- Credit quality was described as resilient, while trade policy, unemployment and provisions remain risks.
Management priorities
- Roll out CIBC.ai across the organization.
- Expand digital banking, adaptive card products and the U.S. capital-markets footprint.
- Continue capital returns and pursue a medium-term ROE target above 15%.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$109.2Current
$70Low
$106.62Average
$127.32High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 $109.2. 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 | -35.9% | Jan 6, 2023 |
| Desjardins | Douglas Young | $122.55 | $111.95 | +12.2% | Aug 30, 2021 |
| Bank of America Securities | Ebrahim Poonawala | $127.32 | $105.92 | +16.6% | 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| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-15T00:01:33.065679+00:00
- Polygon adjusted daily market bars · 2026-10-11T06:00:41.860720+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T06:00:41.858066+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 2026-10-11. For educational purposes only; not investment advice.