Mike [Indiscernible]'s questions to Canadian Imperial Bank of Commerce (CM) leadership • Q2 2025
Question
An analyst from Scotiabank asked for an update on the all-bank net interest margin (NIM) momentum, excluding trading, and the outlook for the hedging program. He also inquired about the mortgage business's revenue contribution to the Personal and Business Banking segment.
Answer
CFO Robert Sedran maintained the 'flat to gradually higher' guidance for all-bank NIM, attributing the recent stability to business mix but expecting the hedging strategy to provide continued benefits. Hratch Panossian, Head of Personal and Business Banking Canada, stated that mortgages are a diminishing contributor to segment revenue as the bank focuses on deeper, multi-product client relationships.