Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Canadian Imperial Bank of Commerce · CM · FY2025 Q3 · Calendar Q3 2025
CIBC Q3 2025: Margin Expansion and Digital Growth Continue
The supplied analysis supports a constructive but conditional view of CIBC's trajectory: client-focused growth, fee-income businesses, digital adoption, AI initiatives, and improving ROE provide support, while margin durability, credit trends, and trade-policy risk remain important tests.
Reported Before market openNYSEFinancial Services
$102.22B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.57
Consensus $1.45
EPS surprise
+8.3%
Reported versus consensus
Reported revenue
$7.22B
Consensus $5.22B
Revenue surprise
+38.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.3%
Event window
SPY move
+0.4%
Same window
Abnormal move
+2.0%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
+4.9%
Up to 20 sessions
CMSPY benchmark
Ask FN2 about CM FY2025 Q3
Transcript, numbers and history already loaded
Why did CM rise 2.3% after beating EPS estimates in FY2025 Q3?What changed in CM's guidance and outlook in FY2025 Q3?Give me the bull and bear case for CM after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the supplied prior-quarter analysis, CIBC's Q3 analysis points to continued margin expansion, ROE improvement to 14.2%, broader AI integration, new client-focused products, and a new 2% issuer bid. The leadership transition was described as proceeding smoothly.
Guidance delta
Maintained; the supplied analysis characterizes guidance sentiment as maintained.
Key takeaways
- The supplied analysis says CIBC reported Q3 2025 net income of $2.1 billion, up 11% year over year, and EPS of $2.16, up 12%.
- Management highlighted margin expansion, fee-income growth, digital adoption, and AI initiatives.
- ROE improved to 14.2%, while management continued to emphasize client-focused growth and capital allocation.
Management priorities
- Expand digital and AI capabilities, including the CAI platform and an AI-powered voice assistant.
- Grow wealth management, U.S. commercial banking, and capital-markets activities.
- Develop client-focused products and continue share repurchases, including the additional issuer bid noted in the analysis.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$111.41Current
$70Low
$106.62Average
$127.32High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 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 $111.41. 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 | -37.2% | Jan 6, 2023 |
| Desjardins | Douglas Young | $122.55 | $111.95 | +10.0% | Aug 30, 2021 |
| Bank of America Securities | Ebrahim Poonawala | $127.32 | $105.92 | +14.3% | 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 |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the CM recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T14:20:43.177493+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T14:20:43.174753+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 2026-10-06. For educational purposes only; not investment advice.