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Canadian Bank of Commerce
(TSX:CM)
Canadian Bank of Commerce (CM) vs. iShares MSCI Canada ETF (EWC)
Canadian Bank of Commerce Business Overview & Revenue Model
Canadian Bank of Commerce Earnings Call Summary
Canadian Bank of Commerce Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.63B | 23.61B | 21.31B | 20.78B | 19.86B | 16.25B |
| Gross Profit | 26.32B | 23.52B | 21.29B | 20.80B | 19.80B | 16.25B |
| EBITDA | 11.97B | 10.34B | 8.05B | 8.73B | 9.01B | 5.80B |
| Net Income | 8.13B | 7.12B | 5.00B | 6.22B | 6.43B | 3.79B |
Balance Sheet | ||||||
| Total Assets | 1.10T | 1.04T | 975.72B | 943.60B | 837.68B | 769.55B |
| Cash, Cash Equivalents and Short-Term Investments | 139.28B | 93.25B | 80.52B | 92.72B | 88.15B | 117.07B |
| Total Debt | 369.24B | 208.49B | 194.50B | 187.45B | 164.17B | 45.86B |
| Total Liabilities | 1.04T | 982.98B | 922.51B | 893.22B | 791.85B | 728.22B |
| Stockholders Equity | 62.60B | 58.73B | 52.98B | 50.18B | 45.65B | 41.15B |
Cash Flow | ||||||
| Free Cash Flow | 16.17B | 10.00B | 11.14B | 21.61B | -4.17B | 59.99B |
| Operating Cash Flow | 17.29B | 11.09B | 12.15B | 22.71B | -3.33B | 60.30B |
| Investing Cash Flow | -6.12B | -20.75B | -20.76B | -24.39B | -3.51B | -19.41B |
| Financing Cash Flow | -3.80B | -2.61B | -2.16B | -1.61B | -1.95B | -1.22B |
Canadian Bank of Commerce Technical Analysis
Canadian Bank of Commerce Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $61.80B | 15.30 | 13.25% | 2.85% | 9.25% | 0.34% | |
77 Outperform | $110.53B | 14.30 | 13.40% | 3.18% | -0.39% | 20.28% | |
75 Outperform | $289.20B | 15.54 | 14.60% | 2.89% | 3.48% | 17.81% | |
75 Outperform | $194.14B | 9.73 | 17.36% | 3.62% | 7.92% | 175.59% | |
74 Outperform | $125.89B | 15.37 | 10.20% | 3.64% | 1.78% | 32.32% | |
71 Outperform | C$118.03B | 17.70 | 8.64% | 4.55% | -2.54% | -6.66% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Canadian Bank of Commerce Corporate Events
CIBC announced a split of four series of its Canadian Depositary Receipts (CDRs), which will take effect after trading closes on November 13, 2025. The split is intended to adjust the number of CDRs without impacting their economic value or the tax position of Canadian residents holding these CDRs. The CDRs will trade on a split-adjusted basis starting November 14, 2025, and CIBC has assured that no action is required from CDR holders as brokerage accounts will be automatically updated.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
On November 3, 2025, CIBC announced the release of its updated Code of Conduct, emphasizing its commitment to ethical and professional standards. The Code serves as a guide for decision-making and interactions with stakeholders, ensuring a safe and respectful workplace. The bank has implemented mechanisms for monitoring compliance and addressing violations, highlighting the importance of trust and integrity in its operations.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC announced a special cash distribution for holders of Honeywell Canadian Depositary Receipts (CDRs) following Honeywell’s spin-off of Solstice Advanced Materials Inc. The distribution is set for October 30, 2025, with proceeds from the sale of Spin-Off Securities to be distributed by November 10, 2025. This move is part of Honeywell’s broader strategy to distribute shares of Solstice, impacting stakeholders involved with Honeywell CDRs.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$112.69 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has announced the addition of six new U.S. Canadian Depositary Receipts (CDRs) to its lineup, now totaling 109 CDRs available for trading on the TSX. These new CDRs, based on prominent U.S. companies, provide Canadian investors with affordable access to global stocks while mitigating currency risk, enhancing CIBC’s offerings in global investment opportunities.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$121.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has announced its plan to transfer 11 Canadian Depositary Receipt listings from Cboe Canada to the Toronto Stock Exchange. This strategic move, which has received conditional approval from TSX, is set to take effect on October 16, 2025, and is expected to enhance the visibility and accessibility of these financial products, potentially impacting stakeholders positively.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$114.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC announced a $450 million domestic public offering of 5.898% Limited Recourse Capital Notes Series 8, targeting institutional investors. This strategic move is aimed at bolstering CIBC’s capital base for general corporate purposes, potentially enhancing its financial flexibility and market position.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has announced a name change for its General Electric Canadian Depositary Receipts (CDRs) to GE Aerospace Canadian Depositary Receipts, effective immediately on the Cboe Canada Exchange. This change, which does not affect the ticker symbol, is part of CIBC’s ongoing efforts to align its financial products with market developments, ensuring seamless transitions for stakeholders and maintaining trading continuity.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
On September 2, 2025, CIBC announced the appointment of Marianne Harrison to its Board of Directors, effective September 8, 2025. Harrison, with her extensive experience in the financial services sector, including leadership roles at John Hancock and Manulife Canada, is expected to enhance CIBC’s governance and contribute to its client-focused strategy.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has announced the appointment of Marianne Harrison to its Board of Directors, effective September 8, 2025. With extensive experience in senior leadership roles within the financial services sector, including her tenure as President and CEO at John Hancock and Manulife Canada, Harrison is expected to enhance CIBC’s governance and contribute to its client-focused strategy.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$111.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC’s recent earnings call painted a picture of robust financial health, marked by significant growth in net income and a strong capital position. The bank’s advancements in digital and AI technologies were celebrated as major achievements. However, the call also highlighted some concerns, including increased provisions for credit losses and challenges in the U.S. commercial real estate sector. Additionally, there was a noted rise in mortgage delinquency rates, particularly in stress-prone regions.
The Canadian Imperial Bank of Commerce (CIBC) is a prominent North American financial institution offering a comprehensive range of financial services across personal banking, commercial banking, wealth management, and capital markets, with a strong presence in Canada, the United States, and globally.
CIBC announced its plan to redeem $750 million of its 4.375% Limited Recourse Capital Notes Series 1 on September 29, 2025, ceasing interest accrual from that date. This redemption, financed from CIBC’s general corporate funds, involves redeeming 750,000 Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 53, impacting the bank’s capital structure and potentially influencing its financial strategy.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC reported strong financial results for the third quarter of 2025, with significant increases in revenue and net income compared to the previous year. The bank achieved a 10% year-over-year revenue growth and a 17% increase in reported net income, driven by higher net interest margins and volume growth. CIBC’s strategic investments in technology and employee compensation contributed to higher non-interest expenses, but these were offset by increased earnings in its core business segments. The bank’s robust capital position and proactive management approach have positioned it well in a dynamic environment, delivering top-tier returns for shareholders and sustainable value for stakeholders.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC announced that its Board of Directors has declared a dividend of $0.97 per share on common shares for the quarter ending October 31, 2025, with payments scheduled for October 28, 2025. Additionally, dividends were declared for various series of Class A Preferred Shares, reflecting the bank’s commitment to providing returns to its shareholders. This announcement underscores CIBC’s stable financial position and its ongoing strategy to deliver value to its investors.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC announced its plan to repurchase up to 20 million common shares, representing approximately 2.2% of its outstanding shares, under a normal course issuer bid, pending approval from the Toronto Stock Exchange. This move aims to provide CIBC with greater flexibility in managing its capital position and enhancing shareholder value, following the successful completion of a similar repurchase program in the previous year.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has expanded its U.S. Canadian Depositary Receipts (CDRs) lineup by introducing two new CDRs for Coinbase and Lockheed Martin, now available on the TSX. These CDRs allow Canadian investors to access global companies in Canadian dollars, offering affordability and currency risk mitigation, thereby enhancing investment opportunities in global stocks.
The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC Asset Management Inc. announced the termination of three funds due to their small asset size, effective November 28, 2025, with redemption requests accepted until then. Additionally, CAM has adjusted the risk rating of the Renaissance Diversified Income Fund from ‘Low to Medium’ to ‘Medium’, aligning with Canadian Securities Administrators’ standards, without altering the fund’s investment objectives or strategies.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$90.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC Asset Management Inc. announced the termination of the CIBC 2025 Investment Grade Bond Fund and the CIBC 2025 U.S. Investment Grade Bond Fund, effective November 28, 2025. This decision aligns with the funds’ investment objectives, and unitholders are encouraged to consult with advisors regarding financial and tax implications. The termination will involve asset liquidation and distribution of net assets to unitholders. The ETF Series units will be delisted from Cboe Canada Inc., ceasing trading by November 26, 2025. This move reflects CIBC’s strategic adjustments in its asset management operations.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$90.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
CIBC has announced several senior executive leadership changes to support its client-focused strategy and prepare for future growth as Harry Culham takes over as President and CEO. Key appointments include Christian Exshaw as Senior Executive Vice-President and Group Head of Capital Markets, Kevin Li as Senior Executive Vice-President and Group Head of the U.S. Region, and Christina Kramer as Senior Executive Vice-President and Chief Administrative Officer. These changes are aimed at enhancing the bank’s operational efficiency and strengthening its market position across various regions, with an emphasis on innovation, client relationships, and strategic growth.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$90.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.