Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Canadian Imperial Bank of Commerce · CM · FY2025 Q4 · Calendar Q4 2025
CIBC: Record growth, AI investment, and resilient credit
The current analysis supports a constructive reading of CIBC’s near-term trajectory: diversified growth, technology investment, resilient credit, and capital strength are positives. The thesis remains conditional because macro uncertainty, provisions, expense growth, and possible margin deceleration could temper ROE improvement.
Reported Before market openNYSEFinancial Services
$101.88B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.57
Consensus $1.49
EPS surprise
+5.4%
Reported versus consensus
Reported revenue
$7.55B
Consensus $5.50B
Revenue surprise
+37.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.3%
Event window
SPY move
+0.1%
Same window
Abnormal move
+4.2%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+2.4%
Up to 20 sessions
CMSPY benchmark
Ask FN2 about CM FY2025 Q4
Transcript, numbers and history already loaded
Why did CM rise 4.3% after beating EPS estimates in FY2025 Q4?What changed in CM's guidance and outlook in FY2025 Q4?Give me the bull and bear case for CM after FY2025 Q4 earnings.
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Transcript intelligence
What changed
The current analysis shifts from the prior quarter’s focus on margin expansion, digital adoption, and leadership transition to record growth across wealth management, digital banking, and U.S. capital markets. It adds the Cortex AI platform, a dividend increase, and a stated focus on improving ROE, while retaining macro, credit, and margin risks.
Guidance delta
Maintained versus the prior quarter; no quantified change was supplied.
Key takeaways
- Management described record revenue and earnings growth, led by wealth management, digital banking, and U.S. capital markets.
- CIBC highlighted a strong capital position, a dividend increase, and resilient credit quality despite higher provisions.
- The Cortex AI platform and broader technology investment are central to the bank’s modernization effort.
- Management remains confident in improving ROE while acknowledging macroeconomic, credit, and expense risks.
Management priorities
- Scale Cortex AI across business lines and expand the U.S. digital banking platform.
- Develop U.S. capital markets and wealth franchises while deepening connected client relationships.
- Continue dividend growth, share buybacks, and opportunistic tuck-in acquisitions in capital-light businesses.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$110.56Current
$70Low
$106.62Average
$127.32High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 $110.56. 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 | -36.7% | Jan 6, 2023 |
| Desjardins | Douglas Young | $122.55 | $111.95 | +10.8% | Aug 30, 2021 |
| Bank of America Securities | Ebrahim Poonawala | $127.32 | $105.92 | +15.2% | 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 · 2026-10-02T11:56:10.596897+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T11:56:10.593916+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 2026-10-02. For educational purposes only; not investment advice.