Matthew Lee's questions to CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) leadership • Q3 2025
Question
Matthew Lee from Canaccord Genuity Group highlighted the contrast between strong commercial loan growth in Canada and weaker growth in the U.S., asking for an explanation of the drivers behind this divergence.
Answer
Susan Rimmer, Group Head of Commercial Banking and Wealth Management, attributed strong Canadian growth to a successful relationship-banking strategy and new client acquisition. Shawn Beber, Group Head of the US Region, explained that U.S. results were impacted by a strategic de-emphasis of institutional commercial real estate, which offset solid 7% growth in the C&I portfolio. He noted client caution but expects to meet annual growth guidance.