RBC raised target for CIBC stock from CAD 167 to CAD 176
Published on 10/08/2026 at 17:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- RBC Capital raised its CIBC target from CAD 167 to CAD 176 on August 28, 2026.
- Adjusted earnings per share rose 26 percent to CAD 2.73 in the third quarter of 2026.
- CIBC stock was trading at EUR 96.21 at Lang & Schwarz on October 8, 2026, down 0.57 percent from EUR 96.76.
- The Toronto Stock Exchange is CIBC's primary exchange, with CM.TO as the ticker.
Canadian Imperial Bank of Commerce stock was trading at EUR 96.21 at Lang & Schwarz on October 8, 2026 at 5:51 p.m. CEST, down 0.57 percent from the EUR 96.76 prior close. The latest analyst move came on August 28, 2026, when RBC Capital raised its target from CAD 167 to CAD 176 and maintained an Outperform rating, as MarketScreener reported.
Third quarter growth set the tone
On August 27, 2026, CIBC reported adjusted earnings per share of CAD 2.73 for the third quarter of 2026, up 26 percent from the prior year. Revenue reached CAD 8.0 billion, up 15 percent year over year, according to the Yahoo Finance transcript of the earnings call.
The reported figure was lower at CAD 2.47 because the quarter included a CAD 232 million after-tax charge tied to Caribbean operations. Adjusted return on equity reached 16.8 percent, an increase of 260 basis points from the prior year, while the bank reported a 13.4 percent common equity tier 1 ratio.
What does credit risk mean for earnings?
Credit costs remain the key counterweight to the earnings growth. CIBC reported total provisions for credit losses of CAD 564 million in the third quarter, including CAD 612 million for impaired loans, while impaired losses stood at 37 basis points year to date, according to Yahoo Finance. Management said the impaired-loan rate was above its initial fiscal 2026 base case, making credit performance more important than the headline earnings growth.
Three dated milestones and next dates
On August 27, 2026, CIBC reported CAD 2.73 in adjusted earnings per share for the third quarter, as Yahoo Finance documented. On August 28, 2026, RBC Capital lifted its target from CAD 167 to CAD 176, according to MarketScreener. On September 28, 2026, shareholders received a quarterly dividend of CAD 1.07, as reported by MarketBeat.
CIBC's next dividend payment is scheduled for October 28, 2026, while its next quarterly reporting date is December 3, 2026. The December reporting date appears in the company's third-quarter investor fact sheet published through CIBC.
Stock trades after the Xetra close
At EUR 96.21, CIBC stock was trading at Lang & Schwarz in after-hours trading on October 8, 2026 at 5:51 p.m. CEST, down 0.57 percent versus the EUR 96.76 prior close at Lang & Schwarz on October 7, 2026. The finance data snapshot places CIBC's market capitalization at USD 99.8 billion on October 8, 2026, with a USD 79.32 to USD 124.86 52-week range.
The further course of trading is shown by the continuously updated real-time quote of Canadian Imperial Bank of Commerce stock.
Canadian Imperial Bank of Commerce stock facts
- Company: Canadian Imperial Bank of Commerce
- ISIN: CA1360691010
- Ticker: CM.TO
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz as of October 8, 2026, 5:51 p.m. CEST: EUR 96.21
- Change versus prior close: minus 0.57 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 96.76
- Market capitalization: USD 99.8 billion as of October 8, 2026
- 52-week range: USD 79.32-124.86 as of October 8, 2026
- Sector / Industry: Financial Services / Banks - Diversified
- Index membership: S&P/TSX Composite
Market context: Market report S&P/TSX Composite.
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