01:59 PM EDT, 08/29/2025 (MT Newswires) -- CIBC (CM.TO) reported a third-quarter across-the-board beat, notes BMO.

The bank generated an ROE of 14.2% on a 13.4% CET1 ratio (after repurchasing ~5.5 million shares in the quarter), and announced a 20 million NCIB (~2.2% of shares outstanding; subject to regulatory approval).

Maintain Outperform rating. Target price lifted to $112.

Price: 106.10, Change: +0.19, Percent Change: +0.18