CM.TO Stock Today: February 26 – Q1 Beat, Record Revenue, Lower PCL
CIBC stock (CM.TO) rallied today after CIBC Q1 results topped forecasts. Adjusted EPS came in at $2.76 versus $2.40 estimated, with record revenue and better net interest margin helped by higher-margin cards. Provisions for credit losses fell quarter over quarter, easing credit concerns. With broad profit growth in Canadian banking and capital markets, investors pushed the CM.TO stock price to a fresh 52-week high. We break down the print, today’s move, valuation, and the key risks to monitor in Canada.
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