Canadian Imperial Bank (NYSE:CM) Stock

Canadian Imperial Bank

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with around CAD 1 trillion in assets. It operates four business segments: Canadian retail and business banking, Canadian commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It serves approximately 14 million personal banking and business customers, primarily in Canada and the US.

Today, CIBC announced the launch of a new dedicated <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4441780-1&amp;h=1050257808&amp;u=https%3A%2F%2Fcibc.com%2Fbusinessskilledtrades&amp;a=Business+Banking+program">Business Banking program</a>&nbsp;tailored for skilled trades professionals. This initiative builds on the success of CIBC's first-of-its-kind skilled trades <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4441780-1&amp;h=571380162&amp;u=https%3A%2F%2Fwww.cibc.com%2Fen%2Fpersonal-banking%2Fbank-accounts%2Fskilled-trades.html&amp;a=Personal+Banking+program">Personal Banking program</a> introduced last June. Together, these initiatives are designed to enhance support for a sector that is crucial to the Canadian economy.

News

CIBC Launches Business Banking Program to Support Skilled Trades Pros Across Canada

BMO Capital analyst Sohrab Movahedi maintains Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) with a Outperform and raises the price target from $98 to $102.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Canadian Imperial Bank, Raises Price Target to $102

RBC Capital analyst Darko Mihelic maintains Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) with a Outperform and raises the price target from $108 to $116.

RBC Capital Maintains Outperform on Canadian Imperial Bank, Raises Price Target to $116

Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.34 by 6.72 percent. This is a 10.85 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $4.89 billion which missed the analyst consensus estimate of $5.01 billion by 2.36 percent. This is a 7.66 percent increase over sales of $4.54 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Canadian Imperial Bank Q2 Adj. EPS $1.43 Beats $1.34 Estimate, Sales $4.89B Miss $5.01B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is expected to report earnings for its first quarter. 
• SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $2.86 billion. 
• Hamilton Lane (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $170.69 million. 
• Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) is expected to report quarterly loss at $0.22 per share on revenue of $3.06 billion. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $142.11 million. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $118.90 million. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $622.05 million. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $1.89 billion. 
• Futu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is likely to report earnings for its first quarter. 
• American Woodmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $426.24 million. 
• Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is estimated to report quarterly earnings at $0.47 per share on revenue of $1.42 billion. 
• BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $1.23 billion. 
• Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) is expected to report quarterly earnings at $1.09 per share on revenue of $8.82 billion. 
• Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) is projected to report quarterly earnings at $1.43 per share on revenue of $2.53 billion. 
• Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $2.90 billion. 
• Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) is likely to report quarterly earnings at $2.25 per share on revenue of $11.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $5.01 billion. 
• Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is projected to report earnings for its first quarter. 
• Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is expected to report earnings for its first quarter. 
• Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $62.17 million. 
• Sound Point Meridian Capital, Inc. Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPMC#NYSE">SPMC</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $20.48 million. 
• Destination XL Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) is projected to report quarterly loss at $0.06 per share on revenue of $103.50 million. 
• Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $7.31 million. 
• BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is estimated to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
• Universal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVV#NYSE">UVV</a>) is estimated to report earnings for its fourth quarter. 
• Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is expected to report quarterly earnings at $4.21 per share on revenue of $62.85 billion. 
• American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is estimated to report quarterly earnings at $0.11 per share on revenue of $1.08 billion. 
• Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is projected to report quarterly earnings at $1.67 per share on revenue of $23.15 billion. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $374.15 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is likely to report quarterly earnings at $5.77 per share on revenue of $2.81 billion. 
• Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) is estimated to report quarterly loss at $0.51 per share on revenue of $388.55 million. 
• PagerDuty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) is projected to report quarterly earnings at $0.19 per share on revenue of $118.98 million. 
• NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) is projected to report earnings for its fourth quarter. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $3.41 billion. 
• Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $667.15 million. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $1.72 billion. 
• Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $84.01 million. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $332.81 million. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $995.81 million. 
• Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $1.88 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For May 29, 2025

Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is gearing up to announce its quarterly earnings on Thursday, 2025-05-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Canadian Imperial Bank will report an earnings per share (EPS) of $1.88.
The announcement from Canadian Imperial Bank is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.17, leading to a 1.14% increase in the share price the following trading session.
Here's a look at Canadian Imperial Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.38</td>
<td>1.26</td>
<td>1.29</td>
<td>1.22</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.55</td>
<td>1.40</td>
<td>1.41</td>
<td>1.29</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>0.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1748440866_0.png" alt="eps graph" />
<h3>Market Performance of Canadian Imperial Bank's Stock</h3>
Shares of Canadian Imperial Bank were trading at $68.41 as of May 27. Over the last 52-week period, shares are up 35.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CM/earnings">To track all earnings releases for Canadian Imperial Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Canadian Imperial Bank's Earnings Preview

CIBC Announced The Bank-wide Launch Of CIBC AI To Help Drive Further Productivity Across The Organization And Enable Team Members To Deliver On The Bank's Client-focused Strategy

CIBC Asset Management Announced The Launch Of The New CIBC Income Advantage Fund And CIBC U.S. Dollar Income Advantage Fund

CIBC Announced 15 New U.S. Canadian Depositary Receipts (CDRs), Now Listed On CBOE Canada. Introduced To Investors Over Three Years Ago, CIBC Has A Total Of 101 CDRs, Spanning Four Countries

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley analyst Benjamin Swinburne downgraded Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) from Overweight to Equal-Weight and lowered the price target from $37 to $32. Warner Music shares closed at $29.12 on Thursday. <a href="https://www.benzinga.com/quote/wmg/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities analyst Craig Ellis downgraded the rating for Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) from Buy to Neutral and cut the price target from $80 to $50. Axcelis Technologies shares closed at $44.78 on Thursday. <a href="https://www.benzinga.com/quote/acls/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Josh Beck downgraded Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) from Strong Buy to Outperform and lowered the price target from $275 to $195. Amazon.com shares closed at $172.63 on Thursday. <a href="https://www.benzinga.com/quote/amzn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Gil Luria downgraded the rating for Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Neutral to Underperform and announced a $200 price target. Salesforce shares closed at $247.26 on Thursday. <a href="https://www.benzinga.com/quote/crm/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst John Aiken downgraded Canadian Imperial Bank (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CM#TSX">CM</a>) from Buy to Hold and slashed the price target from C$100 to C$89.  <a href="https://www.benzinga.com/quote/CM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21082113/image-1-15-1024x587.png" alt="" class="wp-image-879587" style="width:562px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21082113/image-1-15-1024x587.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21082113/image-1-15-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21082113/image-1-15-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21082113/image-1-15.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Shares of broader financial companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

General

CIBC Becomes First Canadian Bank To Sign Voluntary Code Of Conduct On The Responsible Development And Management Of Advanced Generative AI Systems

Canadian Imperial Bank of Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44297108/cibc-president-and-ceo-victor-dodig-announces-plan-to-retire-october-31-2025-harry-culham-appointe" rel="noreferrer noopener">announced that its current President </a>and CEO, Victor Dodig, will retire on October 31, 2025.
Harry Culham, who will take over as President and CEO on November 1, 2025, has been appointed Chief Operating Officer effective April 1, 2025.
Dodig will continue to assist in the transition as a special advisor until April 2026, ensuring a smooth leadership handover, the bank reported.
Since taking the helm in 2014, Dodig has steered CIBC through substantial transformation, positioning the bank as a relationship-driven entity recognized for its client focus and strong financial performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44277627/ge-aerospace-doubles-down-on-us-manufacturing-with-1b-investment-details" rel="noreferrer noopener">GE Aerospace Doubles Down On US Manufacturing With $1B Investment: Details</a>
Harry Culham is set to lead the bank starting November 1, 2025. Culham first joined CIBC in&nbsp;Vancouver&nbsp;as an intern and participated in one of the bank&#8217;s first ever graduate programs. He rejoined CIBC in 2008, ultimately leadingleading CIBC&#8217;s global Capital Markets business in 2015.
&#8220;Harry is a proven leader who has worked alongside me, our board and the rest of our CIBC team to build the bank we are today,&#8221; said Dodig.
&#8220;His client focus, inclusive leadership and track record of performance and consistency position him perfectly to take the bank forward and build on the momentum we have established. I look forward to working closely with him over the coming months.&#8221;
Culham's efforts have been crucial in transforming CIBC's Capital Markets business, reducing volatility while maintaining high credit quality.
Culham has also led several initiatives at CIBC, including overseeing CIBC Caribbean and CIBC Mellon.
Price Action: CM shares are trading higher by 0.64% at $56.30 in premarket at last check Thursday.
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Equities

Management

Canadian Imperial Bank Picks Harry Culham As Next CEO

CIBC Says Victor Dodig Plans To Retire As President And CEO, Effective October 31, 2025; Harry Culham Named As COO, Effective April 1 And To  Succeed Dodig As CEO, Effective November 1

CIBC Discloses A Progress Update On Its' ESG Strategy And Outline How The Bank Is Helping To Drive  Changes Toward A More Sustainable Future

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Shares of banking companies are trading lower amid President Trump's decision to implement tariffs.

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Shares of companies in the broader financial services sector are trading lower amid overall market uncertainty after president Trump confirmed Mar 4 tariffs.

Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.97 by 11.68 percent. This is a 65.41 percent increase over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $7.28 billion which beat the analyst consensus estimate of $6.85 billion by 6.22 percent. This is a 59.29 percent increase over sales of $4.57 billion the same period last year.

Canadian Imperial Bank Q1 2025 Adj EPS C$2.20 Beats C$1.97 Estimate, Sales C$7.28B Beat C$6.85B Estimate

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Earnings Scheduled For February 27, 2025

SHOP

Shares of US-listed Canadian companies are trading higher after the US paused tariffs on Canada.

Press Releases

CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan

CIBC expands support for skilled trades with new business banking program

CIBC Online and Mobile Banking ranked #1 by J.D. Power for customer satisfaction in Canada

Offerings

CIBC to Redeem 2.01% Debentures due July 21, 2030 (NVCC)

CIBC's AI-powered voice assistant recognized with an award from The Digital Banker

Frugal Fun in the Sun: CIBC poll finds Canadians prioritizing saving over spending this summer

Dividends

CIBC to redeem Non-cumulative Rate Reset Class A Preferred Shares Series 43 (NVCC)

CIBC Asset Management announces CIBC ETF cash distributions for June 2025

CIBC Asset Management now offers CIBC Education Portfolios: A simple solution for education savings

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