Q4 Earnings Estimate for TSE:CM Issued By Cormark

Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM - Equities researchers at Cormark issued their Q4 2024 earnings per share estimates for Canadian Imperial Bank of Commerce in a research note issued on Monday, November 25th. Cormark analyst L. Persaud forecasts that the company will post earnings of $1.80 per share for the quarter. Cormark currently has a "Buy" rating and a $83.00 target price on the stock. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $6.41 per share. Cormark also issued estimates for Canadian Imperial Bank of Commerce's FY2025 earnings at $7.67 EPS.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last posted its quarterly earnings data on Thursday, August 29th. The company reported C$1.93 EPS for the quarter, beating analysts' consensus estimates of C$1.75 by C$0.18. Canadian Imperial Bank of Commerce had a net margin of 29.56% and a return on equity of 12.37%. The company had revenue of C$6.60 billion during the quarter, compared to analyst estimates of C$6.31 billion.

CM has been the subject of a number of other reports. Scotiabank increased their price target on shares of Canadian Imperial Bank of Commerce from C$85.00 to C$108.00 in a research report on Monday. Bank of America raised Canadian Imperial Bank of Commerce from a "neutral" rating to a "buy" rating and boosted their price target for the company from C$74.00 to C$90.00 in a research note on Friday, August 30th. Canaccord Genuity Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$92.00 in a report on Tuesday, November 19th. TD Securities lifted their price target on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group cut their price objective on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a "buy" rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce has an average rating of "Moderate Buy" and an average target price of C$87.17.

Canadian Imperial Bank of Commerce Price Performance

Canadian Imperial Bank of Commerce stock traded down C$0.36 during midday trading on Wednesday, reaching C$90.70. The stock had a trading volume of 2,676,612 shares, compared to its average volume of 3,679,409. The firm has a market cap of C$85.71 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 3.03 and a beta of 1.12. The firm's fifty day simple moving average is C$86.21 and its two-hundred day simple moving average is C$75.20. Canadian Imperial Bank of Commerce has a twelve month low of C$51.60 and a twelve month high of C$92.17.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were paid a $0.90 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 3.97%. Canadian Imperial Bank of Commerce's payout ratio is 52.10%.

Insider Buying and Selling

In other news, Senior Officer Sandy Sharman sold 2,275 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$83.04, for a total transaction of C$188,916.00. Also, Director Harry Kenneth Culham sold 800 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$83.20, for a total transaction of C$66,560.00. Insiders sold a total of 203,057 shares of company stock worth $16,823,249 in the last ninety days. 0.02% of the stock is owned by insiders.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.