EarningsQ3 2026 Earnings Report
MX:CMN Q3 2026 EPS Results
Actual EPS$33.50
Consensus EPS$31.07
Beat/MissBeat by +$2.43
One Year Ago EPS$26.51
MX:CMN Q3 2026 Revenue Results
Actual Revenue$197.95B
Expected Revenue$98.89B
Beat/MissBeat by +$99.06B
YoY Revenue Growth+6.35%
Earnings Announcement Details
QuarterQ3 2026
Date08/27/2026
TimeBefore Open
Conference CallThursday, August 27, 2026
MX:CMN Upcoming Earnings
Canadian Bank of Commerce's next earnings date is estimated for December 3, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:CMN Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating results: double-digit adjusted EPS growth (+26%), robust revenue growth (+15%), improved efficiency (200 bps improvement) and solid capital and liquidity metrics (CET1 13.4%, LCR 127%). Wealth, capital markets and digital channels showed clear momentum (Investor's Edge new accounts +34% YoY; Capital Markets revenues +22% YoY). Offsetting factors included a notable Caribbean after-tax charge ($232M) that reduced reported EPS, elevated impaired loan provisions (impaired provision $612M, driven by a few idiosyncratic Canadian Commercial and Capital Markets files), U.S. NIM compression (-14 bps QoQ), and near-term expense increases with Q4 expenses expected to be higher. Management emphasized portfolio resilience and prudent reserves, but also acknowledged macro and geopolitical uncertainty. On balance, the positive operating momentum, diversification, productivity gains from AI, and strong fee and trading performance outweigh the headline charges and localized credit issues.Company Guidance
Adjusted Earnings per Share Growth
Adjusted EPS of $2.73, up 26% year-over-year, representing the ninth consecutive quarter of double-digit EPS growth.
Revenue and Pre-Provision Earnings Strength
Revenues of $8.0 billion, up 15% year-over-year; pre-provision, pre-tax earnings of $4.0 billion, up 20% year-over-year.
Operating Leverage and Efficiency Improvement
Expenses up 11% year-over-year but the bank delivered positive operating leverage for the 12th consecutive quarter and improved the efficiency ratio by 200 basis points year-over-year.
Return on Equity and Capital Position
Adjusted ROE of 16.8%, up 260 basis points from a year ago; CET1 ratio of 13.4% at quarter end (despite capital actions), and liquidity coverage ratio averaged 127%.
Wealth and Mass Affluent Momentum
Managed mass affluent client base grew 4% year-over-year with 'money-in' balances up 12% year-over-year; Investor's Edge new account openings up 34% YoY and AUA on Investor's Edge up 27% YoY; AUA and AUM in Wealth Management up over 20% YoY.
Capital Markets and Fee Income Outperformance
Capital Markets net income up 34% and revenues up 22% year-over-year; non-interest income up 20% YoY with market-related fees up 25% and transaction/credit fees up 6% and 25% respectively.
Business Franchise and Client Connectivity
Canadian Commercial Banking: 95% of lending clients also maintain deposit relationships; commercial loan and deposit volumes up 7% and 8% YoY respectively in Commercial Banking; demonstrating cross-sell and client connectivity.
Strategic Recognition and Growth Initiatives
External awards include Best Alternative Asset Manager (CIBC Private Wealth), Canada's Best Investment Bank for financing solutions (Euromoney), and Best Overall Cash Management Bank in Canada (Global Finance); announced Investor Day for deeper strategy disclosure.
AI and Productivity Advances
Launched enterprise agentic AI workspace (CIBC AI 2.0) and CIBC AdvisorAssist; AdvisorAssist cited to reduce adviser administrative time by up to 50%, underpinning productivity and client servicing improvements.
Balance Sheet and Funding Growth
Net interest income excluding trading up 14% YoY; bank NIM ex-trading increased 13 basis points YoY; Canadian P&C NIM at 304 bps (up 3 bps sequentially); strong loan and deposit growth supporting NII expansion.
MX:CMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed