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Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) beat analysts' profit estimates on Thursday, as strength in its capital markets and domestic retail banking businesses extended a strong quarter of results across Canada's largest lenders.

CIBC earned $2.41 billion in its third quarter, up from $2.1 billion a year earlier, helped by revenue growth across its businesses. The bank took a $232 million after-tax charge tied to the recent sale of CIBC Caribbean.

On an adjusted basis, CIBC earned $2.73 per diluted share, beating analysts' average estimate of $2.53. Revenue totalled $8.37 billion, above the expected $8.03 billion, according to LSEG Data & Analytics.

Shares of CIBC were down 3.5% in Toronto and 3.2% in New York.

Analysts at Jefferies said the results were significantly stronger than the prior quarter and came in well ahead of expectations, boosted by a still-strong capital markets contribution and a release of provisions in its US platform. But they flagged that CIBC's relative outlook remains challenged given its heavy exposure to the domestic economy and ongoing trade and economic pressures.

The bank continues to benefit from expanding domestic net interest margins, though its loan growth still lags the peer average, Jefferies said, adding that CIBC's cost control momentum appears to be fading after two consecutive quarters of negative sequential operating leverage.

Toronto, Ontario--(Newsfile Corp. - 6 août 2026) - Paul Ponomarev, Marchés des capitaux CIBC (« CIBC »), et son équipe se sont joints à Paul Dimtsis, directeur, Gestion des relations avec la clientèle, Négociation d'actions, Groupe TMX, pour ouvrir les marchés et souligner la tenue d'une séance d'information conçue pour renforcer la compréhension pratique de la négociation sur les marchés financiers.

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La Banque CIBC (TSX : CM) est une institution financière de premier plan en Amérique du Nord qui offre des services à 15 millions de particuliers, d'entreprises ainsi que de clients institutionnels et du secteur public. Au moyen des Services bancaires personnels et aux PME, de Groupe Entreprises et Gestion des avoirs et de Marchés des capitaux, la Banque CIBC propose un éventail complet de conseils, de solutions et de services par l'intermédiaire de son réseau de services bancaires numériques de premier rang et de ses succursales situées dans tout le Canada, aux États-Unis et dans le monde.

Marchés des capitaux CIBC offre des analyses, des conseils et une exécution de premier ordre en matière de services bancaires aux entreprises, de marchés mondiaux, de services bancaires d'investissement et de recherche à des clients institutionnels, à des sociétés clientes et à des clients du secteur public. Son expertise et ses compétences éprouvées dans l'ensemble des catégories d'actifs, des régions et des produits lui permettent de fournir à sa clientèle des solutions sur mesure qui sont fondées sur des principes ESG ciblés et qui reposent sur une pensée novatrice et une technologie de pointe.

Pour en savoir plus, visitez le www.cibccm.com.

RELATIONS AVEC LES MÉDIAS :
Andrew McGrath
Directeur principal, Communications - Marchés des capitaux, Communications et affaires publiques
CIBC
[email protected]
416 980-3263

Pour consulter la version originale de ce communiqué de presse, visitez le https://www.newsfilecorp.com/release/308374

Source: Toronto Stock Exchange

Royal Bank of Canada (TSX:RY), Toronto-Dominion Bank (TSX:TD) and Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) all topped analyst profit estimates on Thursday, as strength in domestic banking and lower loan loss provisions helped the lenders navigate a challenging macroeconomic backdrop marked by US-Canada trade tensions.

The three banks largely benefited from strong growth at home and lower provisions for credit losses, or the money set aside to shield profits from souring loans.

Royal Bank posted adjusted earnings per share of C$3.90 for the quarter ended April 30, beating the C$3.79 estimate, as net income rose 25% year over year to C$5.5 billion.

Return on equity reached 17.2%, surpassing the bank's recently elevated 17% target.

Provisions for credit losses fell 36% year over year to C$912 million, accounting for much of the beat.

RBC raised its quarterly dividend 7% to C$1.76 per share and announced plans to repurchase up to 45 million common shares. Shares fell roughly 1%.

Toronto-Dominion reported adjusted EPS of C$2.38, ahead of the C$2.26 consensus, with record second-quarter earnings in Canadian Personal and Commercial Banking, Wealth Management, and Wholesale Banking. Canadian banking profit rose 15% year over year, while US retail adjusted net income grew 12% in US dollar terms. Provisions came in below expectations at C$1 billion.

TD raised its quarterly dividend 3.7% to C$1.12 per share. Shares slipped roughly 0.4%.

CIBC posted adjusted EPS of C$2.54, beating the C$2.42 estimate, lifted by capital markets strength. Revenue came in at C$8.01 billion against expectations of C$7.84 billion.

Alongside its results, the bank announced a deal to sell its 91.67% stake in CIBC Caribbean Bank Limited to The Bank of NT Butterfield & Son for approximately US$1.6 billion, comprising US$1 billion in cash and Butterfield shares currently valued at US$645 million. The stake represents an equity interest in Butterfield of approximately 22% at closing, with CIBC obtaining two seats on Butterfield's board. CIBC plans to invest a portion of the proceeds in US wealth manager &Partners. Shares dropped 4.8%.

All six of Canada's major banks surpassed profit estimates for the second quarter.