
CM Stock Forecast & Price Target
CM Analyst Ratings
Bulls say
Canadian Imperial Bank of Commerce reported strong earnings in Q4/24, with Canada Personal and Business Banking earnings increasing to $748 million, representing an approximate 18% quarter-over-quarter and 17% year-over-year growth, driven primarily by lower provisions for credit losses and enhanced net interest income. The bank's net interest margin (NIM) also expanded to 2.56%, highlighting its effective management of interest rates in a competitive market. Additionally, the acceleration of commercial loan growth to 4.0% year-over-year further reinforces the bank's solid positioning, suggesting sustainability in its profitability and overall resilience in its core business segments.
Bears say
Canadian Imperial Bank of Commerce experienced an 8% quarter-over-quarter decline in personal and commercial banking (P&C) earnings to $204 million, driven by lower-than-expected provisions for credit losses (PCLs), though this decline was less severe than anticipated. The bank's U.S. commercial banking and wealth management sector also saw an 8% QoQ decrease, reflecting broader weaknesses across the industry, with total PCLs in this segment decreasing significantly by 21% QoQ. Overall, despite a modest performance with some better-than-expected metrics, the persistent declines in key earnings segments and lower PCL forecasts raise concerns about the bank's financial health in a competitive landscape.
This aggregate rating is based on analysts' research of Canadian Imperial Bank of Commerce and is not a guaranteed prediction by Public.com or investment advice.
CM Analyst Forecast & Price Prediction
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