Cormark Has Positive Estimate for CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Equities research analysts at Cormark increased their FY2026 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a report issued on Friday, December 6th. Cormark analyst L. Persaud now expects that the bank will earn $6.14 per share for the year, up from their previous estimate of $5.92. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.49 per share.

A number of other analysts have also recently issued reports on CM. StockNews.com raised Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Friday. BMO Capital Markets increased their price objective on Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Bank of America raised Canadian Imperial Bank of Commerce from a "neutral" rating to a "buy" rating in a report on Friday, August 30th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $97.00 price objective (up previously from $74.00) on shares of Canadian Imperial Bank of Commerce in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock traded down $0.44 on Monday, hitting $66.22. 1,110,327 shares of the stock were exchanged, compared to its average volume of 1,364,546. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $62.55 billion, a PE ratio of 12.38, a P/E/G ratio of 1.76 and a beta of 1.06. Canadian Imperial Bank of Commerce has a one year low of $42.59 and a one year high of $67.14. The firm's 50 day moving average is $63.19 and its two-hundred day moving average is $56.29.

Hedge Funds Weigh In On Canadian Imperial Bank of Commerce

A number of large investors have recently modified their holdings of CM. Ridgewood Investments LLC purchased a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets bought a new position in Canadian Imperial Bank of Commerce during the 3rd quarter worth approximately $44,000. Blue Trust Inc. grew its position in Canadian Imperial Bank of Commerce by 571.6% during the 3rd quarter. Blue Trust Inc. now owns 732 shares of the bank's stock worth $45,000 after acquiring an additional 623 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth approximately $51,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Canadian Imperial Bank of Commerce by 23.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the bank's stock worth $56,000 after acquiring an additional 171 shares during the last quarter. 49.88% of the stock is owned by hedge funds and other institutional investors.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th will be issued a $0.6912 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.76 annualized dividend and a dividend yield of 4.17%. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 49.91%.

Canadian Imperial Bank of Commerce Company Profile

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.