| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 72 | 10.5x | 17.3x | Top tier | |
Growth | 67 | 68.3% | 7.1% | Top tier | |
Quality | 85 | — | — | Top tier | |
Safety | 10 | — | — | Bottom tier | |
Capital Return | 87 | 2.86% | 0.06% | Top tier | |
Momentum | 83 | 37.4% | -1.6% | Top tier | |
Sentiment | 68 | 8 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Canadian Imperial Bank of Commerce, known as CIBC and listed under the ticker CM, operates across personal and business banking in Canada, commercial banking and wealth management in Canada and the United States, and capital markets. It generates income from net interest income on lending and funding, and from investment management, custody, transaction, financing, and trading fees. Its strategy centers on connecting these activities through client relationships; a commercial lending client can bring deposits, payments business, and hedging, while personal banking provides opportunities to expand the management of clients' wealth and investments.
In quarter 3 of fiscal year 2026 ended 2026-07-31, net revenue reached 8.3 billion Canadian dollars, up 14.9% from the same quarter a year earlier, while net income reached 2.4 billion Canadian dollars and diluted earnings per share were 2.5 Canadian dollars. The operating margin calculated by EL7 was 37.4%. Business drivers included improved Canadian banking margins, expanded wealth management operations, and strong equity trading and financing in capital markets, while the U.S. business faced pressure on lending and deposit margins. Performance therefore combines growth in net revenue and fee sources with credit pressures and investment costs that affect how much of this activity translates into profit.
Q3 FY2026
When: 2026-12-03
Net revenue compared with the level of 8.3 billion Canadian dollars recorded in quarter 3 of fiscal year 2026 ended 2026-07-31
Operating margin compared with the level of 37.4% recorded in quarter 3 of fiscal year 2026 ended 2026-07-31
The indicative value based on the median analyst target is 123 dollars, within a range of 70 dollars to 127 dollars in the 2026-10-19 snapshot, but confidence is low because it relies on one analyst, and it reflects the pricing of expected growth, with this method tending toward optimism. The industry-multiple value is 113 dollars, within a range of 97 dollars to 129 dollars, based on book value at a median multiple of 1.6 across 16 companies, meaning it values CIBC against its peers. The ranges of the two methods overlap, while the median analyst target exceeds the industry-multiple value, a difference consistent with the former incorporating growth expectations and the latter relying on a comparison of book value across banks. Analyst consensus is neutral, with an average target of 106.62 dollars, adding an estimate below both values and highlighting differing expectations without favoring one method.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
CIBC combines net interest income with wealth management, transaction, financing, and trading fees across businesses in Canada and the United States. In quarter 3 of fiscal year 2026 ended 2026-07-31, net revenue reached 8.3 billion Canadian dollars and net income reached 2.4 billion Canadian dollars, with an operating margin of 37.4%. Support came from Canadian banking margins, wealth management, equity trading, and financing, while the U.S. business faced margin pressure.
Provisions for impaired loans in Canadian commercial banking and capital markets increased during quarter 3 of fiscal year 2026 ended 2026-07-31, which management attributed to specific cases. It confirmed on the 2026-08-27 call that the release of some provisions came primarily from the sale of a U.S. commercial real estate portfolio and shifts within portfolios, while Canadian reserves continued to increase. The sustainability of net income of 2.4 billion Canadian dollars in quarter 3 of fiscal year 2026 therefore remains linked to containing losses, particularly as the lending portfolio expands and households face pressure.
Automated analysis for informational purposes only — not investment advice.
Diluted earnings per share compared with the level of 2.5 Canadian dollars recorded in quarter 3 of fiscal year 2026 ended 2026-07-31
Management said on the 2026-08-27 call that new account openings at Investor's Edge increased 34% from the corresponding period a year earlier during fiscal year 2026 through the date of the call, expanding the self-directed investing client base. It also introduced CIBC AI 2.0 to perform multistep tasks, and CIBC AdvisorAssist to automate administrative work for advisors, reducing administrative time by up to 50%. Management expected headcount to grow over the five years following the call, so the value of the technology depends on increasing productivity and client service alongside continued investment in people.
The diluted share count was 655.3 million shares in quarter 3 of fiscal year 2026 ended 2026-07-31, compared with 937.5 million shares in quarter 3 of fiscal year 2025, down 30.1% from the same quarter a year earlier. A smaller share base means earnings are spread across fewer shares, but it does not by itself demonstrate an improvement in operating performance. Diluted earnings per share were 2.5 Canadian dollars in quarter 3 of fiscal year 2026, so the change in share count should be considered alongside net income, margins, and credit quality.
CIBC is expected to announce its results on 2026-12-03 according to the EL7 calendar. The figures for quarter 3 of fiscal year 2026 ended 2026-07-31, namely net revenue of 8.3 billion Canadian dollars, an operating margin of 37.4%, and diluted earnings per share of 2.5 Canadian dollars, provide reference levels for measuring changes in performance. This becomes more important as management expects adjusted non-interest expenses to rise from the previous quarter in quarter 4 of fiscal year 2026, and capital markets activity to moderate from the previous quarter.