Canadian Imperial Bank of Commerce’s Investor Day Review
<p>RBC Capital analysts provided their review on <a href='https://financialmodelingprep.com/financial-summary/CM'>Canadian Imperial Bank of Commerce (NYSE:CM)</a> following its 2022 Investor Day, highlighting the fact that the company has a strategy that does not depend upon "home runs" and is largely driven by organic capital deployment.</p>
<p>The company increased its medium-term core EPS growth target to 7%-10% and core ROE target to over 16%. The company was previously targeting core EPS growth of 5%-10% and core ROE of over 15%. The company believes revenues can grow at a high-single-digit CAGR through 2025, reflecting some outperformance due to the investments it has made over the years.</p>
<p>The analysts expect revenue growth of 6.3% in 2023 and 6.5% in 2024 and expense growth of 4.8% in 2023 and 5.3% in 2024.</p>

NYSE:CM