Canadian Bank of Commerce (CM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 27, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

1.79

Last Year’s EPS

1.55

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong, broad-based financial performance—double-digit EPS growth, 14% revenue growth, improved ROE and CET1 strength—alongside clear strategic momentum in wealth, capital markets and U.S. businesses, supported by productivity gains and planned capital redeployment. Offsetting this were modestly higher credit provisions and early signs of consumer and mortgage stress, some margin compression in the U.S., a near-term one-time charge (~$350m) and expected slight EPS dilution from the Caribbean transaction. Overall, the positives around earnings, capital, strategic deals and productivity materially outweigh the manageable and disclosed headwinds.

Company Guidance

Management guided that H2 revenues are expected to be above last year’s H2 (but below the very strong H1) with net interest margins having a stable-to-gradually positive bias over time (tractoring hedges to contribute ~1–1.5 bps to all‑bank NIM before fading into 2027), and impaired provisions in H2 broadly in line with H1. They reiterated Q2 results and key metrics: adjusted EPS $2.54 (+24% YoY), adjusted net income ~$2.5bn (+23%), revenues $8.0bn (+14%), expenses +10% YoY (ex‑performance comp +4%), operating leverage +4% (11th consecutive quarter), adjusted ROE 16.4% (+250 bps), CET1 13.6% (+20 bps QoQ), average LCR 131%; Q2 provision for credit losses was $605m (performing $57m; impaired $548m), allowance coverage 80 bps, gross impaired loan ratio 66 bps (+2 bps QoQ). They expect to book an item of note of roughly $350m in Q3 related to the Caribbean transaction (total consideration ~US$1.6bn: US$1.0bn cash + US$645m in shares, leaving ~22% minority), which should add ~25 bps to CET1, be marginally ROE‑accretive but dilute EPS by just over 1%; they also announced a new NCIB for 30m shares (~3% of outstanding) and noted ~3 million hours of YTD productivity savings from AI.

Strong EPS and Earnings Growth

Adjusted EPS of $2.54, up 24% year-over-year, marking the eighth consecutive quarter of double-digit EPS growth; adjusted net income of $2.5 billion, up 23% YoY.

Revenue Expansion

Revenues of $8.0 billion, up 14% year-over-year, driven by balanced growth across businesses including higher net interest income and fee income; pre-provision earnings up 19%.

Improved Return on Equity and Capital Strength

Adjusted ROE of 16.4%, up 250 basis points YoY; CET1 ratio of 13.6% (up 20 bps quarter-over-quarter) even after repurchasing 6.5 million common shares.

Positive Operating Leverage and Expense Discipline

Operating leverage of 4% reported (management noted 11th consecutive quarter of positive operating leverage); expenses up 10% YoY but up only 4% excluding performance-based compensation.

Wealth Management and Asset Growth

Wealth Management revenue grew 22% YoY; AUA and AUM both rose 24% YoY; CIBC Asset Management ranked #2 among Big 6 banks in retail mutual fund long-term net sales and #1 as a percentage of opening AUM.

Capital Markets and U.S. Momentum

Capital Markets revenues increased 21% YoY and net income up 40% YoY with strong underwriting, advisory and trading; U.S. Commercial Banking & Wealth net income rose 53% YoY and revenues up 11%.

Balance Sheet and Liquidity

All-bank NII ex-trading up 14%; all-bank margin ex trading improved 17 bps YoY; average LCR of 131% and continued organic capital generation supporting dividend, buyback and growth plans.

Strategic Actions and Productivity

Announced sale of 92% stake in CIBC Caribbean for ~USD 1.6 billion (USD 1.0bn cash + USD ~645m in shares) to redeploy capital; minority investment in Ann Partners (USD 54bn AUM) to expand U.S. wealth footprint; AI adoption delivered ~3 million hours of productivity savings YTD.

Share Buyback Capacity

Completed previous NCIBs and announced a new 30 million share NCIB (≈3% of shares outstanding) to be used flexibly to manage excess capital; management expects to remain active on buybacks.

Canadian Bank of Commerce (CM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2026	2026 (Q3)	1.79 / -	1.545	―	―	―
May 28, 2026	2026 (Q2)	1.76 / 1.82	1.466	23.90% (+0.35)
Feb 26, 2026	2026 (Q1)	1.72 / 1.97	1.574	25.45% (+0.40)
Dec 04, 2025	2025 (Q4)	1.50 / 1.58	1.366	15.71% (+0.21)
Aug 28, 2025	2025 (Q3)	1.44 / 1.55	1.381	11.92% (+0.16)
May 29, 2025	2025 (Q2)	1.35 / 1.47	1.252	17.14% (+0.21)
Feb 27, 2025	2025 (Q1)	1.41 / 1.57	1.295	21.55% (+0.28)
Dec 05, 2024	2024 (Q4)	1.28 / 1.37	1.123	21.66% (+0.24)
Aug 29, 2024	2024 (Q3)	1.25 / 1.38	1.087	26.97% (+0.29)
May 30, 2024	2024 (Q2)	1.19 / 1.25	1.216	2.94% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2026	$115.43	$109.50	-5.14%
Feb 26, 2026	$99.94	$102.90	+2.96%
Dec 04, 2025	$85.40	$89.08	+4.31%
Aug 28, 2025	$73.40	$75.09	+2.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.