Cormark Has Positive Estimate for TSE:CM FY2026 Earnings

Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM - Stock analysts at Cormark raised their FY2026 earnings estimates for shares of Canadian Imperial Bank of Commerce in a note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $8.65 for the year, up from their previous forecast of $8.22. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $6.41 per share.

CM has been the topic of a number of other reports. Scotiabank lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research note on Friday. TD Securities boosted their price target on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research note on Friday, November 15th. Jefferies Financial Group decreased their price objective on shares of Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Royal Bank of Canada boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the stock a "sector perform" rating in a report on Friday, August 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday. One 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$90.00.

Canadian Imperial Bank of Commerce Stock Performance

TSE CM traded down C$0.49 during trading on Monday, reaching C$93.86. The company's stock had a trading volume of 4,163,309 shares, compared to its average volume of 3,721,790. The firm has a market cap of C$88.69 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a twelve month low of C$57.96 and a twelve month high of C$94.81. The business's fifty day moving average price is C$87.30 and its 200-day moving average price is C$76.40.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.13%. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.90. Canadian Imperial Bank of Commerce's payout ratio is currently 52.10%.

Insider Activity

In related news, Senior Officer Christina Charlotte Kramer sold 37,022 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$83.40, for a total transaction of C$3,087,634.80. Also, Director Harry Kenneth Culham sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$83.42, for a total transaction of C$4,170,750.00. Insiders sold a total of 147,527 shares of company stock valued at $12,287,957 over the last 90 days. Insiders own 0.02% of the company's stock.

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.