Canadian Imperial Bank Of Commerce (TSE:CM)
TSX:CM
Earnings Data
Report Date
May 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.41Last Year’s EPS
2.05Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive picture: multiple strong headline metrics (EPS, revenue, ROE, noninterest income and Capital Markets performance), positive operating leverage for the tenth consecutive quarter, solid capital and liquidity positions, and clear progress on digital and AI initiatives. Credit costs and impaired provisions rose in some commercial and consumer pockets and consumer delinquencies increased modestly, but management characterized these as within expectations, attributed impaired spikes to a small number of accounts, and expressed confidence in coverage levels and full-year guidance. Given the weight of strong financial and strategic execution metrics versus contained and well-articulated credit/seasonal headwinds, the overall tone is constructive and optimistic.Company Guidance
Strong Earnings Per Share Performance
Reported EPS of $3.21 (up 47% YoY, included income tax recoveries treated as an item of note); adjusted EPS of $2.76 (up 25% YoY).
Robust Revenue Growth and Record Revenues
Total revenues of $8.4 billion, up 15% YoY, with management noting record revenues across each business unit.
Solid Profitability and Return on Equity
Adjusted ROE of 17.4%, up 210 basis points YoY; adjusted net income of $2.7 billion, up 23% YoY; pre-provision earnings up 19% YoY.
Positive Operating Leverage
Expenses up 12% YoY but management delivered positive operating leverage of 3.6 percentage points (360 bps), marking the tenth consecutive quarter of positive operating leverage.
Net Interest Income and Margin Expansion
Net interest income (ex trading) up 13% YoY; all-bank margin (ex trading) up ~17 bps YoY and 6 bps sequentially. Canadian P&C NIM ~3.00% (up 10 bps QoQ); U.S. NIM ~4.01% (up 17 bps QoQ).
Fee and Noninterest Income Strength
Noninterest income $4.1 billion, up 18% YoY; market-related fees up 18%; transaction-related fees up 10% (driven by higher credit and FX fees).
Business Unit Highlights: Canadian Personal & Commercial and Wealth
Canadian Personal & Business Banking: adjusted net income up 25% YoY, revenues up 13%, NIM up 34 bps YoY. Canadian Commercial Banking & Wealth: net income and pre-provision pretax up 9% and 16% YoY; revenues up 13%; commercial loan and deposit volumes up 7% and 8%; Wealth AUA/AUM up 14%/15% YoY.
Capital Markets Outperformance
Capital Markets net income up 42% YoY and revenues up 28% YoY driven by global markets, underwriting, advisory and corporate & transaction banking volume and fees.
Strong Capital and Liquidity Position
CET1 ratio of 13.4% (up 5 bps QoQ); average Liquidity Coverage Ratio (LCR) of 133%; management repurchased 8 million common shares and returned roughly 78% of earnings to shareholders in Q1; expect an additional ~30 bps CET1 benefit in Q2 from operational risk weight reduction.
Digital, Client Engagement and AI Progress
48% of retail products sold via digital channels (up 5% YoY); managed Personal Banking clients generate ~4x revenue vs unmanaged clients; qualified managed clients grew 6% YoY and money/balance growth 12%; AI initiatives (Cortex) produced a ~44% conversion uplift in targeted savings/deposit use cases and accounted for ~10% of unit sales in Q1; frontline automation target of 1 million hours saved achieved ahead of schedule.
TSE:CM Earnings History
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
TSE:CM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | C$136.72 | C$140.68 | +2.89% |
Dec 04, 2025 | C$119.26 | C$124.21 | +4.15% |
Aug 28, 2025 | C$101.21 | C$103.26 | +2.02% |
May 29, 2025 | C$90.71 | C$90.44 | -0.30% |
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.
FAQ
When does Canadian Imperial Bank Of Commerce (TSE:CM) report earnings?
Canadian Imperial Bank Of Commerce (TSE:CM) is schdueled to report earning on May 21, 2026, Before Open (Confirmed).
What is Canadian Imperial Bank Of Commerce (TSE:CM) earnings time?
Canadian Imperial Bank Of Commerce (TSE:CM) earnings time is at May 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CM EPS forecast?
TSE:CM EPS forecast for the fiscal quarter 2026 (Q2) is 2.41.
