Side by sideRBC (RY.TO) and CIBC (CM.TO)Memos of October 22, 2026 and October 13, 2026
RBC vs CIBC stock: the numbers side by side (October 2026)
How do RBC and CIBC compare?
| RBC RY.TO | CIBC CM.TO | |
|---|---|---|
| Revenue growth | 16.1%Oct 2025 | 13.8%Oct 2025 |
| Net interest margin | 1.6%Oct 2025 | 1.6%Oct 2025 |
| Efficiency ratio (lower is leaner) | 54.9%Oct 2025 | 54.4%Oct 2025 |
| Return on equity | 16.3%Oct 2025 | 14.3%Oct 2025 |
| CET1 capital ratio | 13.5%Oct 2025 | 13.3%Oct 2025 |
| Dividend yield | 2.5%Today (Oct 22, 2026) | 2.8%Today (Oct 13, 2026) |
| P/E, last 12 months | 17.9xToday (Oct 22, 2026) | 15.0xToday (Oct 13, 2026) |
| P/E, next 12 months | 17.3xToday (Oct 22, 2026) | 13.7xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 274.86 (-1 %)October 2027 | 157.87 (+4 %)October 2027 |
| Weighted price forecast, about 3 years | 278.46 (+6 %)October 2029 | 184.48 (+28 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | RBC | The higher figure |
| Net interest margin | — | The higher figure |
| Efficiency ratio (lower is leaner) | CIBC | The lower figure |
| Return on equity | RBC | The higher figure |
| CET1 capital ratio | RBC | The higher figure |
| Dividend yield | CIBC | The higher figure |
| P/E, last 12 months | CIBC | The lower figure |
| P/E, next 12 months | CIBC | The lower figure |
| Weighted price forecast, about 1 year | CIBC | The higher weighted return |
| Weighted price forecast, about 3 years | CIBC | The higher weighted return |
What does each company do?
Royal Bank of Canada (RBC) is a diversified financial-services group serving households, businesses and institutions across Canada, the United States and international markets.
RBC (RY.TO), from our memo of October 22, 2026 · RBC stock forecast
CIBC is a full-service bank for households, businesses and institutions.
CIBC (CM.TO), from our memo of October 13, 2026 · CIBC stock forecast