CM Earnings Prediction
The chart below shows how CM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CM sees a -1.70% change in stock price 10 days leading up to the earnings, and a -0.35% change 10 days following the report. On the earnings day itself, the stock moves by +1.84%. This data can give you a slight idea of what to expect for the next quarter's release.
CM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.51B
12.76%
0.51%
Gross Margin
--
--
--
Operating Margin
42.10%
7.34%
-3.00%
Net Margin
28.93%
12.57%
4.33%
EPS
1.90
24.18%
4.40%
No Data Available
CM Earnings Analysis
Canadian Imperial Bank of Commerce Corporation (CM.N) Earnings Conference Call
Positive
Strong Net Earnings: Reported net earnings of $7.3 billion, showcasing the strength and resilience of our diversified platform.
Earnings Per Share Increase: Earnings per share was $7.40, up 10% year-over-year.
Revenue Increase and Margin Expansion: Revenues of $25.6 billion were also up 10%, driven by robust margin expansion, selective balance sheet growth, and higher fee-based income in our market-based businesses.
Earnings Growth and Revenue Performance: Pre-provision pre-tax earnings of $11.3 billion were up 11%, supported by a record revenue performance and positive operating leverage.
Share Buyback and Dividend Increase: We bought back 5 million shares and announced an 8% or $0.07 increase in our quarterly dividend to common shareholders.
Negative
Earnings Per Share Decline: Earnings per share decreased to $1.90 for Q4 '24 from $1.91 on an adjusted basis, indicating a slight decline in profitability.
Quarterly Net Income Decline: The net income for the quarter was reported at $1.9 billion, which is lower than expected due to increased provisions for credit losses.
Rising Operating Expenses: Operating expenses increased by 16% year-over-year, primarily driven by higher employee-related costs, impacting overall profitability.
Credit Loss Provision Trends: The provision for credit losses was $419 million in Q4, compared to $483 million in the previous quarter, indicating a rising trend in credit risk.
Corporate Segment Net Loss: The net loss in the corporate segment was $7 million, compared to a net loss of $48 million in the prior year, reflecting ongoing challenges in that area.
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CM Earning Call Sentiment
Canadian Imperial Bank of Commerce (CM) Q4 2024 Earnings Call Transcript
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CM.N
0.08%Positive
The earnings call reveals strong financial performance with a 10% increase in net earnings and EPS, supported by record revenues and positive operating leverage. The 8% dividend increase and share buyback program signal confidence in future growth. Despite some uncertainties highlighted in the Q&A, the guidance remains optimistic with stable to improving margins and a constructive economic outlook. The market is likely to react positively, especially given the strong financial metrics and shareholder returns.