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Sat, Aug 30, 2025, 8:55 AM 1 min read
Canaccord analyst Matthew Lee raised the firm’s price target on CIBC (CM) to C$111 from C$102 and keeps a Hold rating on the shares. The firm said the company reported solid Q3 results this morning with EPS beating estimates on most major KPIs. On the quarter, the firm was most impressed by the bank’s NIM, which expanded by 6bps quarter-over-quarter and appears to have continued momentum driven by both business mix and the impact of rate tractoring.
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