What factors could drive CM's EPS higher in upcoming quarters?

Canadian Imperial Bank of Commerce (CM) is positioned to experience a rise in EPS due to several key factors: 1. **Revenue Growth**: CM has demonstrated a 17% increase in revenue, reaching $7.3 billion. This growth is expected to continue, driven by strong performances across all business units, including US Commercial Banking and Wealth Management. 2. **Efficient Cost Management**: Despite elevated expenses, CM has maintained a robust capital management, reflected in its improved CET1 ratio to 13.5%. Effective cost control measures are likely to contribute to higher EPS as the bank manages to grow revenue while keeping costs in check. 3. **Strong Loan Growth**: The bank's loan portfolio, particularly in the Canadian residential mortgages and US commercial sectors, has seen growth. As these segments continue to perform well, interest income is likely to increase, boosting EPS. 4. **Wealth Management Strength**: CM's Wealth Management division has achieved significant results, ranking top in long-term mutual fund net sales in Canada. This segment's continued success will likely contribute to higher EPS due to increased fee income. 5. **Dividend Growth**: CM has recently increased its dividend, reflecting confidence in its earnings stability and growth prospects. As the bank distributes more dividends, it indicates a strong financial position that can support higher EPS over time. In summary, CM's focus on revenue expansion, efficient cost management, and strong growth in specific segments like Wealth Management, combined with its recent dividend increase, positions it well for higher EPS in upcoming quarters.