BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
CM
Canadian Imperial Bank of Commerce
There isn't enough reported data to score CM yet.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
CM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
CM's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like CM.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK has the edge over CM in the historical PE scenario, which offers more potential upside but is not a forecast.
CM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $69.03 | -41% |
| Fair | 11x | $80.72 | -30% |
| Expensive | 14x | $97.67 | -16% |
| Current | 16x | $116 | — |
Historical ranges are pointers, not guarantees.
CM's PE is 16x, but its earnings don't support one, so it isn't a reliable read right now.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
CM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CM, with profitability improving.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
CM has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus CM up 27%.
CM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.09 | +27% |
| Q1 2026 | $6.74 | +25% |
| Q4 2025 | $6.03 | +18% |
| Q3 2025 | $5.82 | +20% |
| Q2 2025 | $5.59 | +21% |
| Q1 2025 | $5.41 | +18% |
| Q4 2024 | $5.12 | +41% |
| Q3 2024 | $4.87 | +42% |
CM's earnings per share have climbed steadily: $7.09 over the past year, up 27% from the year before, and higher year over year for 10 quarters in a row.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
CM has the stronger quarterly revenue trend. Revenue is up 19% for BLK versus up 117% for CM.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
CM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10.7B | +117% |
| Q1 2026 | $5.9B | +15% |
| Q4 2025 | $5.3B | +14% |
| Q3 2025 | $5.1B | +9.8% |
| Q2 2025 | $4.9B | +14% |
| Q1 2025 | $5.1B | +17% |
| Q4 2024 | $4.7B | +13% |
| Q3 2024 | $4.6B | +13% |
CM's revenue has grown year over year for 22 quarters in a row: $10.7B last quarter, up 117% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 21% | -16 points |
| Q1 2026 | 42% | +2.8 points |
| Q4 2025 | 37% | +0.5 points |
| Q3 2025 | 37% | +0.5 points |
| Q2 2025 | 37% | +2.1 points |
| Q1 2025 | 39% | +4 points |
| Q4 2024 | 36% | +4.5 points |
| Q3 2024 | 37% | +6 points |
CM's operating margin was 21% last quarter, down 16 points from the same quarter a year ago, near the bottom of its range since 2019.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
CM Free Cash Flow
CM and BLK do not have enough comparable growth data to identify a winner.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has 165M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
CM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -14M shares |
| 1 year | -2.7% | -25.3M shares |
| 3 years | +0.5% | +4.2M shares |
| 5 years | +2.1% | +18.7M shares |
| Available history | +2.9% | +25.6M shares |
CM has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $625.7M |
| Q4 2025 | $527.3M |
| Q3 2025 | $210.9M |
| Q2 2025 | — |
| Q1 2025 | $210.9M |
| Q4 2024 | — |
| Q3 2024 | $457M |
| Q2 2024 | $228.5M |
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
CM Net Leverage
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
CM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.1 | Neutral |
| Stochastic | 49.6 | Neutral |
CM's weekly RSI is 56 (neutral) and its Stochastic is 50 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
CM PE vs Financial Services Sector
| Metric | CM | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 26% above |
| PE % | 98 | 63 | 35 pts above |
CM has the edge over BLK on valuation relative to its sector.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
CM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $113.5 | 2.2% above |
| 20 week MA | $115.9 | 0.2% above |
| 50 week MA | $106.9 | 8.5% above |
| 100 week MA | $88.3 | 31% above |
| 200 week MA | $67.9 | 71% above |
CM is in an uptrend: it's above all five of its weekly moving averages, and 71% above its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has finished higher in five of the last six years. It's up 12% so far in 2026.
CM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.4 | $43.7 | +5.5% |
| 2021 | $43.7 | $58.0 | +33% |
| 2022 | $58.0 | $41.0 | -29% |
| 2023 | $41.0 | $48.1 | +17% |
| 2024 | $48.1 | $62.9 | +31% |
| 2025 | $62.9 | $93.0 | +48% |
| 2026 YTD | $93.0 | $116.0 | +25% |
CM has the edge over BLK on returns for 2026, with the stronger performance.