Canadian Imperial Bank of Commerce (CM)

Underperform Recap: Q3 FY26

Retail Repairs the Margin, but Credit and Costs Leave the Premium Exposed

Hold Recap: Q2 FY26

A Beat the Market Sold: the Hedge Carries the Margin, the Consumer Carries the Credit

Hold Recap: Q1 FY26

Record Everything, and a Multiple That Now Capitalizes the Best Quarter Instead of the Best Year