Financial Performance - Reported net income for 2024 was $7.2 billion, while adjusted net income was $7.3 billion, compared to $5.0 billion and $6.5 billion in 2023[18]. - Revenue increased to $25.6 billion in 2024 from $23.3 billion in 2023, representing a growth of approximately 9.9%[18]. - Reported return on equity (ROE) improved to 13.4% in 2024, up from 10.3% in 2023, while adjusted ROE rose to 13.7% from 13.4%[18]. - Total shareholder return reached 87.6% in 2024, a significant recovery from a negative return of -15.9% in 2023[18]. - CIBC reported earnings of $7.2 billion or $7.28 per share, with adjusted earnings of $7.3 billion or $7.40 per share, and revenue of $25.6 billion, up 10% from the previous year[69]. - The bank's CET1 ratio stands at 13.3%, indicating strong capital strength[69]. - In fiscal 2024, reported diluted EPS increased by 41% year-over-year to $7.28, while adjusted diluted EPS rose by 10% to $7.40[132]. - The company achieved a reported operating leverage of 9.1% in 2024, compared to (5.2)% in 2023, indicating significant revenue growth relative to expenses[134]. - Return on common shareholders' equity (ROE) for 2024 was reported at 13.4%, up from 10.3% in 2023, but below the target of at least 16% due to higher regulatory capital requirements[137]. - The dividend payout ratio improved to 49.4% in 2024 from 66.5% in 2023, reflecting a focus on sustainable earnings[139]. - Total shareholder return (TSR) for the three years ended October 31, 2024, was 36.4%, outperforming the S&P/TSX Composite Banks Index of 21.9%[141]. Market and Client Growth - CIBC welcomed over 613,000 net new clients across Canadian consumer platforms in the last twelve months, with significant growth among students and newcomers to Canada[74]. - The Wealth Management business saw a 30% year-over-year growth in assets under administration, ranking 1 among the Big 6 banks in Canada for long-term mutual fund sales[81]. - CIBC's Capital Markets business in the U.S. achieved a revenue growth of 21% in 2024, marking the third consecutive year of double-digit growth[85]. - The Direct Financial Services business reported a three-year cumulative annual growth rate of 16% in 2024, driven by innovation and expertise[86]. Digital and Technological Advancements - CIBC is expanding its digital-first personal banking capabilities in Canada and enhancing its mass affluent and private wealth franchise in both Canada and the U.S.[7]. - The bank is operationalizing a new Enterprise AI Framework to manage AI solutions responsibly and promote business innovation[27]. - Digital engagement reached 87%, with 38% of new products opened through digital channels[77]. - CIBC made significant investments in AI and technology, achieving the greatest year-over-year improvement in the Evident AI Index among all banks[87]. - The bank launched several Generative AI pilots, including the CIBC AI Platform and GitHub CoPilot, to enhance innovation and productivity[88]. Community and Environmental Initiatives - CIBC financed projects totaling $123 million for affordable housing in the U.S., resulting in 500 units developed for low- and moderate-income communities[39]. - The bank entered partnerships with six First Nations in Canada, authorizing $34.5 million in housing loans to support Indigenous housing development[40]. - CIBC is committed to achieving net-zero GHG emissions by 2050 and has built a leading renewables franchise to support clients' climate objectives[93]. - The bank set an inaugural interim net-zero target for its automotive manufacturing portfolio and continues to report on progress towards its net-zero ambition[110]. - CIBC advanced nearly half of its $100 million commitment to funds investing in carbon technology, low carbon fuels, energy storage, and hydrogen[51]. Financial Metrics and Ratios - Adjusted efficiency ratio improved to 55.8% in 2024 from 56.4% in 2023, indicating better cost management[18]. - Reported efficiency ratio improved to 56.4% in 2024 from 61.5% in 2023[159]. - Liquidity coverage ratio (LCR) for the quarter ended October 31, 2024, was 129%, compared to 135% for the same period last year[146]. - Average interest-earning assets rose to $929,604 million in 2024, compared to $861,136 million in 2023[159]. - Net interest margin on average interest-earning assets for 2024 was 1.47%, slightly down from 1.49% in 2023[183]. Strategic Partnerships and Transactions - CIBC acted as financial advisor and lead arranger for a €2.6 billion refinancing for Ventient Energy, one of the largest independent renewable power producers in Europe[47]. - The bank coordinated a US$654 million green loan for Arevon Energy, supporting a 374 MWdc solar project with 150 MW/600 MWh of energy storage[48]. - CIBC Caribbean announced the sale of banking assets in Curaçao, completed on May 24, 2024, with no material impact expected[176]. - CIBC settled litigation with Cerberus for $770 million, impacting net income by $762 million after tax[177]. Economic Outlook - The economic outlook for Canada suggests GDP growth will pick up from about 1.3% in 2024 to just under 2% in 2025[167]. - Canadian Personal Banking mortgage growth is expected to return to long-term historic rates in 2025 due to lower interest rates[170]. - Canadian commercial and corporate banking loan growth is anticipated to increase in 2025 as a result of interest rate relief[171]. - The Bank of Canada reduced the overnight rate by 125 basis points in 2024 to 3.75%[167].

Group 1 - The Canadian Imperial Bank of Commerce (CM) is experiencing significant activity in the options market, particularly with the Dec 20, 2024 $30.00 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to either a rally or a sell-off [2] - Currently, Canadian Imperial Bank holds a Zacks Rank 3 (Hold) in the Banks - Foreign industry, which is in the top 33% of the Zacks Industry Rank, with recent earnings estimates slightly increasing from $1.28 to $1.29 per share [3] Group 2 - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with such volatility, aiming to benefit from the decay of options value [4]

Core Insights - Albert Anthony is a Croatian-American media personality and financial contributor, reaching over 1 million investors globally since 2023 [1] - His content on Seeking Alpha averages over 25,000 views monthly, focusing on stock analysis and dividend income portfolio building [1] - In addition to financial commentary, he has engaged in city council politics in Croatia and ran for Parliament in 2024 [1] Company and Industry Summary - Albert Anthony provides curated analysis of stocks trading on major US exchanges, emphasizing a forward-looking perspective on stock performance [1] - He has experience in financial services, having worked at Charles Schwab and completed certifications from various prestigious institutions [1] - His involvement in the Croatian Economic Association indicates a commitment to economic discourse and policy development [1]

Core Viewpoint - KB Financial (KB) and Canadian Imperial Bank (CM) are both strong candidates for value investors, with both holding a Zacks Rank of 1 (Strong Buy) indicating positive earnings outlooks [1] Group 1: Valuation Metrics - KB has a forward P/E ratio of 7.09, significantly lower than CM's forward P/E of 11.77, suggesting KB may be undervalued [2] - KB's PEG ratio is 0.46, while CM's PEG ratio is 1.90, indicating KB has a better growth-to-price ratio [2] - KB's P/B ratio stands at 0.65 compared to CM's P/B of 1.54, further supporting the notion that KB is a more attractive value option [2] Group 2: Value Grades - Based on the valuation metrics, KB earns a Value grade of B, while CM receives a Value grade of D, highlighting KB as the superior value investment at this time [3]

Core Viewpoint - Canadian Imperial Bank (CM) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that rising earnings estimates can lead to higher stock prices [4][6]. - For Canadian Imperial Bank, the earnings estimate for the fiscal year ending October 2024 is projected at $5.36 per share, reflecting a year-over-year increase of 7.6% [8]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Canadian Imperial Bank to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [10]. Analyst Sentiment - Analysts have consistently raised their earnings estimates for Canadian Imperial Bank, with a 6% increase in the Zacks Consensus Estimate over the past three months [8]. - The Zacks rating system maintains a balanced approach, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, reflecting superior earnings estimate revisions [9][10].

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Robinhood Markets, Inc. (HOOD) : This operator of a financial services platform has seen the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days. DXP Enterprises, Inc. (DXPE) : This company that engages in distributing maintenance, repair, and operating products, equipment, and services to industrial customers has seen the Zacks Consensus Estimate for its current year earnings increasing 12.7% ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 26th: Southside Bancshares, Inc. (SBSI) : This bank holding company for Southside Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 4.3%, compared with the industry average of 0.7%. Canadian Imperial Bank of Commerce (CM) : This diversified financial institution has witnessed the ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, focusing on price changes and earnings estimate revisions [2] Group 2: Canadian Imperial Bank (CM) Performance - Canadian Imperial Bank currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Over the past week, CM shares increased by 0.37%, while the Zacks Banks - Foreign industry rose by 1.99% [5] - In the last quarter, CM shares rose by 29.74%, and over the past year, they increased by 53.89%, significantly outperforming the S&P 500's gains of 4.57% and 31.09% respectively [6] Group 3: Trading Volume and Earnings Outlook - CM's average 20-day trading volume is 1,548,275 shares, which is a bullish indicator when combined with rising stock prices [7] - In the past two months, 6 earnings estimates for CM have been revised upwards, increasing the consensus estimate from $5.05 to $5.36 [9] - The positive trend in earnings estimate revisions supports CM's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 12: MPLX LP (MPLX) : This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% the last 60 days. This Zacks Rank #1 company has a dividend yield of 8%, compared with the industry average of 4.3%. Southside Bancshares, Inc. (SBSI) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increas ...

Core Viewpoint - The Canadian Imperial Bank (CM) is identified as a strong growth stock with favorable growth prospects, supported by a solid Growth Score and Zacks Rank, making it a potential outperformer for growth investors [2][8]. Group 1: Earnings Growth - The historical EPS growth rate for Canadian Imperial Bank is 5.9%, but the projected EPS growth for this year is 7.5%, surpassing the industry average of 5.9% [4]. - Double-digit earnings growth is preferred by growth investors, indicating strong prospects and potential stock price gains [3]. Group 2: Asset Utilization Ratio - The asset utilization ratio (sales-to-total-assets ratio) for Canadian Imperial Bank is 0.06, indicating that the company generates $0.06 in sales for every dollar in assets, which is higher than the industry average of 0.05 [6]. - The company is also expected to achieve a sales growth of 9.1% this year, compared to the industry average of 0% [6]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Canadian Imperial Bank have been revised upward, with the Zacks Consensus Estimate increasing by 6% over the past month [7]. - A positive trend in earnings estimate revisions is correlated with near-term stock price movements, making this a favorable indicator for investors [7]. Group 4: Overall Assessment - Canadian Imperial Bank holds a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a solid choice for growth investors [8].