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CM — Canadian Imperial Bank of Commerce News Story

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Canadian Imperial Bank of Commerce reports results for the quarter ended July 31 - Earnings Summary

Canadian Imperial Bank of Commerce CM.TO reported quarterly adjusted earnings of C$2.16​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of C$1.93.  The mean expectation of fourteen analysts for the quarter was for earnings of C$2.00 per share. Wall Street expected results to range from C$1.90  to C$2.08 per share.

Revenue rose 9.8% to C$7.25 billion from a year ago; analysts expected C$7.04 billion.

Canadian Imperial Bank of Commerce's reported EPS for the quarter was C$2.15​.

The company reported quarterly net income of C$2.09 billion.

Canadian Imperial Bank of Commerce shares had risen by 7.4% this quarter and gained 14.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 2.7% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Canadian Imperial Bank of Commerce is C$103.50, about 0.3% below its last closing price of C$103.81

This summary was machine generated from LSEG data August 28 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jul. 31 20252.002.16Beat
Apr. 30 20251.892.05Beat
Jan. 31 20251.972.20Beat
Oct. 31 20241.791.91Beat

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