Canada's CIBC rises after Q1 earnings beat estimates

Canadian Imperial Bank of Commerce

26/02/2026 14:56

** Shares of Canadian lender CIBC CM.TO rise 2.58% to C$137.85

** Co posts Q1 adj net income of C$2.69 billion, beating analysts' estimates of C$2.23 billion as per data compiled by LSEG

** Reports Q1 revenue of C$8.40 billion above analysts' estimates of C$7.69 billion

** Co did not provide specific guidance for future quarters or full year

** Analyst at Jefferies says, "the results did not hinge on simply a single segment, with strength across all of its segments, characterized by strong net interest margin expansion and solid cost controls"

** Nine analysts rate stock "strong buy" or "buy" and seven "hold"; their median PT is C$136 - data compiled by LSEG

** Including session's moves, CIBC up 10.7% YTD and 62% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))