- Adjusted EPS: C$1.93, exceeding the estimate of C$1.74.
- Provision for Credit Losses: C$483 million, lower than the estimate of C$550.7 million.
- Basel III Common Equity Tier 1 Ratio: 13.3%, slightly higher than the estimate of 13.2%.
- Adjusted Return on Equity (ROE): 14%, surpassing the estimate of 12.9%.
- Return on Equity: 13.2%.
- Net Income: C$1.80 billion.
- Canadian Commercial Banking and Wealth Management Net Income: C$468 million.
- US Commercial Banking and Wealth Management Net Income: C$215 million.
- Capital Markets Net Income: C$388 million.
- Net Interest Margin (NIM) on Average Interest-Earning Assets: 1.5%, matching the estimate.
“Our strong third quarter results reflect the consistent, disciplined execution of our client-focused strategy and the diversification of our North American platform as we continue to create value for our stakeholders,” said Victor G. Dodig, CIBC President and Chief Executive Officer.
Analyst Ratings: 6 buys, 6 holds, 5 sells.
“`
A look at Canadian Imperial Bank of Comm Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Canadian Imperial Bank of Commerce, a leading provider of banking and financial services, is projected to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Value score of 4 and a robust Dividend score of 4, the company is positioned well in terms of financial attractiveness and dividend yield. Additionally, a Momentum score of 4 indicates a promising growth trajectory ahead. However, the company’s lower Resilience score of 2 suggests some vulnerability to economic uncertainties. Overall, Canadian Imperial Bank of Commerce appears to be a solid investment option.
Canadian Imperial Bank of Commerce caters to consumers, individuals, and corporate clients in Canada and globally, offering a wide range of banking and financial services. Smartkarma Smart Scores paint a favorable picture for the company, with a good balance of value, dividend stability, and growth potential. Investors may find the combination of these factors appealing for long-term investment opportunities, although the company’s resilience in challenging market conditions may need to be further evaluated. In summary, the outlook for Canadian Imperial Bank of Commerce looks promising based on its Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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