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 -1.72% change in stock price 10 days leading up to the earnings, and a -0.81% change 10 days following the report. On the earnings day itself, the stock moves by +1.73%. 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
7.16B
16.40%
10.10%
Gross Margin
--
--
--
Operating Margin
45.00%
3.59%
6.89%
Net Margin
30.31%
7.94%
4.77%
EPS
2.19
23.73%
15.26%
No Data Available
CM Earnings Analysis
Canadian Imperial Bank of Commerce Corporation (CM.N) Earnings Conference Call
Positive
Record Revenue Growth: CIBC reported revenues of $7.3 billion, up 17% from the prior year, with record top line results across all business units.
Record Adjusted Earnings Growth: Adjusted earnings per share of $2.20 were the highest on record, up 22% from the prior year, and adjusted ROE was strong at 15.3%.
Share Repurchase and CET1 Growth: The bank repurchased 3.5 million common shares and grew its CET1 ratio to 13.5%, up from 13.3% last quarter.
Satisfaction Survey Ranking Improvement: CIBC improved its ranking in the Ipsos satisfaction survey to second place, recording its best quarter ever.
Mass Affluent Client Growth: The mass affluent clients in Personal Banking are growing 4.5 times faster than the rest of the client base, indicating strong engagement and relationship growth.
Loan and Deposit Growth: In Canadian Commercial Banking, loans and deposits were up 8% and 10% respectively, driven by growth in diversified markets.
Mutual Fund Sales Leadership: CIBC ranked number one in long-term mutual fund net sales in Canada for the first quarter, marking the second highest quarter on record for long-term mutual fund sales.
Record Trading Revenue Achievement: The global markets business delivered the highest trading revenue on record without a significant increase in VAR, demonstrating strong risk discipline.
U.S. Growth Momentum: CIBC achieved double-digit growth in the U.S. region, with healthy pipelines and a focus on the private economy.
Positive Operating Leverage: The bank maintained positive operating leverage for the sixth consecutive quarter, reflecting effective expense management and revenue growth.
Negative
Trade Tensions Impacting Economy: Trade tensions between Canada and the United States have led to disruptions in some sectors of the economy, creating uncertainty for the bank's clients.
Elevated Expense Growth: Expense growth was elevated due to various factors, including expenses linked to strong revenues and foreign exchange translation, which could impact profitability.
Credit Loss Provisions Increase: Total provisions for credit losses increased to $573 million, reflecting a prudent build in performing provisions due to growing risks in the macroeconomic outlook.
Corporate Loss Increase: The Corporate and Other business unit reported a net loss of $60 million, compared to a net loss of $23 million in the prior year, indicating challenges in this segment.
Impaired Provisions Ratio Insights: The bank's impaired provisions ratio was 31 basis points this quarter, with expectations of a slight increase in Personal and Business Banking provisions as they head into Q2, suggesting potential credit quality concerns.
CM FAQs
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CM Earning Call Sentiment
Canadian Imperial Bank of Commerce (CM) Q1 2025 Earnings Call Transcript
CM.N
-1.13%Positive
The earnings call reveals strong financial performance with record revenue and EPS growth, alongside a healthy ROE and share buybacks. Despite economic uncertainties and increased provisions, the bank's strategic priorities and robust client engagement suggest resilience. The Q&A section highlighted some concerns about tariffs and deposit mix, but overall, management's optimistic outlook on margins and client activity supports a positive sentiment. Given the lack of market cap data, a moderate positive impact on stock price is anticipated.
