11:45 AM EDT, 05/29/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by USD6 to USD141, 17.3x our FY 27 (Oct.) EPS view of CAD11.28 (USD8.17), a premium to the bank's five-year forward P/E average of 9.9x to reflect CM's strong capital position, decreased office exposure in the U.S., as well as momentum in wealth management and capital markets. We raise our FY 26 EPS to CAD10.46 from CAD10.06 and increase FY 27's to CAD11.28 from CAD10.70. CM is performing well, with improving operational efficiency and strong balance sheet growth expected to drive record earnings in both FY 26 and FY 27. We view the bank's recent strategic decisions positively: CM is divesting its 92% stake in CIBC Caribbean for USD1.6 billion and has agreed to acquire a minority stake in Ann Partners, a U.S. private wealth management firm with USD54 billion in assets under management. This strategic shift makes sense as U.S. wealth management offers attractive, stable returns, while Caribbean operations carry higher currency and economic risks. Shares yield 2.9%.