Equities Analysts Issue Forecasts for CM Q1 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Equities research analysts at Desjardins boosted their Q1 2025 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.29 for the quarter, up from their previous forecast of $1.26. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.49 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce's FY2025 earnings at $5.42 EPS.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of "Moderate Buy" and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Stock Up 0.6 %

NYSE CM traded up $0.40 during mid-day trading on Thursday, reaching $62.30. 784,716 shares of the company's stock traded hands, compared to its average volume of 1,094,838. The company has a fifty day simple moving average of $63.71 and a 200-day simple moving average of $60.78. Canadian Imperial Bank of Commerce has a 1-year low of $43.86 and a 1-year high of $67.45. The company has a market cap of $58.71 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14.

Institutional Trading of Canadian Imperial Bank of Commerce

Hedge funds have recently made changes to their positions in the stock. Crews Bank & Trust acquired a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter worth approximately $30,000. IFP Advisors Inc lifted its position in Canadian Imperial Bank of Commerce by 318.1% in the fourth quarter. IFP Advisors Inc now owns 531 shares of the bank's stock worth $34,000 after purchasing an additional 404 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Canadian Imperial Bank of Commerce in the third quarter valued at $44,000. Finally, Blue Trust Inc. boosted its stake in Canadian Imperial Bank of Commerce by 571.6% during the third quarter. Blue Trust Inc. now owns 732 shares of the bank's stock valued at $45,000 after buying an additional 623 shares in the last quarter. Institutional investors own 49.88% of the company's stock.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were given a dividend of $0.6912 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce's dividend payout ratio is currently 51.22%.

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.