CIBC hits record high after Q3 profit beat

Canadian Imperial Bank of Commerce

28/08/2025 14:57

** Canadian Imperial Bank of Commerce CM.TO shares hit record high; last up 1.4% to C$105.28

** The bank reports better-than-expected Q3 profit, helped by strength in capital markets unit

** CIBC reports Q3 adjusted earnings per share of C$2.16, beating estimates of C$2, according to data compiled by LSEG

** Company's Q3 capital markets net profit jumps 87% to C$540 mln

** Seven of 15 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; their median PT is C$103.50 - LSEG data

** Including session's moves, stock up ~14.9% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))