• National Bank maintains a "Sector Perform" rating for TSX:CM, with a raised price target from C$121 to C$128.
• CIBC reports a 14% increase in revenue and a 16% rise in adjusted net income and EPS for the fourth quarter.
• The capital markets division and US commercial banking and wealth management sectors show significant growth, contributing to the bank's strong financial performance.

The Canadian Imperial Bank of Commerce (TSX:CM), trading on the Toronto Stock Exchange under the symbol TSX:CM, is a major player in the Canadian banking sector. Known for its diverse financial services, CIBC operates in areas such as personal and business banking, wealth management, and capital markets. It competes with other Canadian banks like Royal Bank of Canada and Toronto-Dominion Bank.

On December 4, 2025, National Bank maintained its "Sector Perform" rating for CIBC, suggesting investors hold their positions. At this time, CM's stock price was $90.58. National Bank also raised its price target for CIBC to C$128 from C$121, as highlighted by TheFly, indicating a positive outlook for the stock.

CIBC's recent financial performance supports this optimism. The bank reported a 14% increase in revenue for the fourth quarter, reaching C$7.58 billion. Adjusted net income rose by 16% to C$2.19 billion, and adjusted diluted earnings per share (EPS) increased by 16% to C$2.21, surpassing analyst expectations. This strong performance is largely due to growth in its capital markets and US commercial and wealth management units.

The capital markets division was a standout performer, with net income up 58% year-on-year. The US commercial banking and wealth management sectors also reported impressive results, with a 35% increase in net income. Meanwhile, Canadian commercial banking and wealth management saw a 9% growth. However, Canadian personal and business banking experienced a modest 1% increase in net income due to higher expenses.

CIBC's stock price reflects its strong financial performance, with a 4.31% increase, or $3.74, reaching $90.58. The stock has fluctuated between $86.53 and $90.78 today, with $90.78 marking its highest price over the past year. The lowest price in the past year was $53.62. CM has a market capitalization of approximately $84.2 billion, with a trading volume of 1,985,809 shares on the NYSE.