TD Cowen raised the firm’s price target on CIBC (CM) to $102 from $99 and keeps a Buy rating on the shares. The firm views the quarter favourably in several respects such as its solid PTPP despite elevated spending, particularly in the U.S., good NII and NIM performance, good growth in market-sensitive, higher ROE business,and solid credit metrics. In Cowen’s view, results support a higher relative P/E.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CM:
- Canadian Bank of Commerce: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- CIBC price target raised to C$90 from C$88 at Barclays
- CIBC Reports Strong Q2 2025 Financial Results
- CIBC Earnings Call Highlights Strong Growth Amid Challenges
- CIBC downgraded to Sector Perform from Outperform at National Bank
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue