RBC Capital raised the firm’s price target on CIBC (CM) to C$97 from C$74 and keeps a Sector Perform rating on the shares. RBC said Q4 was ...

Scotiabank raised the firm’s price target on CIBC (CM) to C$114 from C$108 and keeps an Outperform rating on the shares following the Q4 beat.

“A splendid finish,” he said of CIBC results, which also included guidance that was better than expected, plus a generous increase in payouts. “Capital news was also positive, with the bank following ...

For the fiscal year, CIBC’s overall revenue rose 10% and adjusted earnings grew 12% to C$7.3 billion. Every segment saw net income increases except capital markets, which was flat.

Net income for the quarter was $743 million, up $106 million from the fourth quarter of 2023. Adjusted pre-provision, pre-tax earnings (5) were $1,303 million, up $146 million from the fourth ...