11:49 AM EDT, 05/30/2025 (MT Newswires) -- BMO has raised its target on CIBC by $4, to $102, and kept its Outperform rating after the bank reported a second-quarter beat.

CIBC's operating EPS of $2.05 beat BMO/consensus estimate of $1.87. The beat to BMO was led by Capital Markets (trading revenue) and Canadian Personal & Business Banking (NIM expansion), accompanied by Canadian Commercial & Wealth (positive operating leverage).

Price: 93.31, Change: -0.40, Percent Change: -0.43