Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Canadian Imperial Bank of Commerce · CM · FY2026 Q3 · Calendar Q3 2026
CIBC Q3: Broad growth, resilient credit and expanded AI rollout
The current analysis supports a constructive but conditional view of CIBC's operating trajectory: broad business momentum, resilient credit and AI-led productivity provide support, while credit, margin, pricing and macro risks remain important tests.
Why did CM fall 2.8% after beating EPS estimates in FY2026 Q3?
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Reported Before market openNYSEFinancial Services
$106.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.96
Consensus $1.80
EPS surprise
+8.9%
Reported versus consensus
Reported revenue
$5.97B
Consensus $5.74B
Revenue surprise
+3.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.8%
Event window
SPY move
+0.7%
Same window
Abnormal move
-3.5%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
+0.0%
Up to 20 sessions
CMSPY benchmark
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Why did CM fall 2.8% after beating EPS estimates in FY2026 Q3?What changed in CM's guidance and outlook in FY2026 Q3?Give me the bull and bear case for CM after FY2026 Q3 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes the launch of CIBC AI 2.0 and AdvisorAssist, the Taskrabbit collaboration, a minority stake in &Partners, share repurchases and an upcoming Investor Day. Management also continued to highlight resilient credit and confidence in net interest margins.
Guidance delta
Maintained; management expressed confidence in the net interest margin outlook.
Key takeaways
- Management described double-digit Q3 EPS and revenue growth across a broad set of businesses.
- Credit portfolios remained resilient despite trade and geopolitical uncertainty.
- CIBC highlighted AI 2.0, AdvisorAssist, digital banking and wealth expansion as strategic priorities.
Management priorities
- Detail strategy and growth initiatives at Investor Day on December 9
- Roll out CIBC AI 2.0 and AdvisorAssist across the organization
- Scale the Taskrabbit collaboration and other digital banking offers
- Invest in people and technology for long-term franchise growth
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$119.87Previous close
$70Low
$106.62Average
$127.32High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 5, 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 previous close $119.87. 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 | -41.6% | Jan 6, 2023 |
| Desjardins | Douglas Young | $122.55 | $111.95 | +2.2% | Aug 30, 2021 |
| Bank of America Securities | Ebrahim Poonawala | $127.32 | $105.92 | +6.2% | 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 |
|---|---|---|---|---|
| CRCL Circle Internet Group | FY2026 Q3 · Calendar Q4 2026 | +119.5% | +1.2% | Circle Q3 revenue and network volumes grow as Arc presale lifts EBITDA |
| UNMA Unum Group 6.250% JR NT58 | FY2026 Q3 · Calendar Q4 2026 | +1.9% | +0.5% | Unum maintains 2026 EPS outlook as disability claims weigh on Q3 |
| AIG American International Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.5% | AIG reports Q3 premium growth and disciplined underwriting, with pricing and expense goals still in focus |
| UNM Unum Group | FY2026 Q3 · Calendar Q4 2026 | +1.9% | -17.8% | Unum’s premium growth faces a sharper disability-claims test |
| PFH Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 | FY2026 Q3 · Calendar Q4 2026 | — | +2.9% | Prudential Holds Guidance as Japan Suspension Offsets PGIM Strength |
| AFG American Financial Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.5% | +1.0% | AFG sets quarterly earnings records, while underwriting risks persist |
Latest beats and misses
Who reports nextBeat on EPS
- GWWFY2026 Q3 · November 4, 2026+7.4% EPS+6.5% move
- RPRXFY2026 Q3 · November 4, 2026+2.5% EPS+1.7% move
- GFSFY2026 Q3 · November 4, 2026+3.5% EPS-5.9% move
- ZBHFY2026 Q3 · November 4, 2026+1.1% EPS+13.5% move
- CRCLFY2026 Q3 · November 4, 2026+119.5% EPS+1.2% move
- PFGCFY2027 Q1 · November 4, 2026+3.9% EPS+13.5% move
Missed on EPS
- UTHRFY2026 Q3 · November 4, 2026-5.0% EPS+1.2% move
- TRMBFY2026 Q3 · November 4, 2026-0.2% EPS-17.3% move
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
Get the CM recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-08-27T17:16:00.532127+00:00
- FN2 earnings calendar · 2026-09-21T01:23:13.071796+00:00
- Polygon adjusted daily market bars · 2026-09-21T05:00:50.267437+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T05:00:50.264347+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 2026-09-21. For educational purposes only; not investment advice.