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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 912,845,429
Close 2026-08-21 C$ 160.32
Market Cap C$ 146,347,379,177
Recent Sedar+ Documents

FP says a robust Q3 expected from the Big Six banks

2026-08-24 07:07 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Saturday edition that Canada's major banks are anticipated to post robust third quarter earnings next week, but it remains to be seen how much their profits will impact their stock prices. The Post's Naimul Karim writes that the capital markets business is expected to significantly boost the profits of the Big Six banks, which start reporting on Tuesday. Canada's financial sector raised about $376-billion through 586 deals in the first six months of 2026, up 21.5 per cent from the $309.3-billion raised in the same period last year. The strong start puts the sector on track to beat the $597-billion recorded in 2025, the highest annual total since 2010. The provisions for credit losses, the money banks keep aside to tackle potentially bad loans, will also be closely watched, but analysts don't expect them to be a major issue. Canaccord Genuity analyst Matthew Lee says: "Credit remains stretched, but manageable. The consumer continues to be somewhat challenged in Canada, with stubborn unemployment and limited economic growth likely to weigh on PCLs for the remainder of the year." He doesn't expect credit to be an "impediment to double-digit earnings-per-share growth" in the near term.

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