Desjardins Has Bullish Estimate for TSE:CM Q1 Earnings

Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM - Desjardins upped their Q1 2025 earnings estimates for Canadian Imperial Bank of Commerce in a note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings of $1.87 per share for the quarter, up from their prior forecast of $1.78. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $6.41 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce's FY2025 earnings at $7.85 EPS and FY2026 earnings at $8.40 EPS.

Several other equities research analysts also recently commented on the stock. Cormark boosted their target price on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research note on Friday, December 6th. Canaccord Genuity Group boosted their price target on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. Scotiabank raised their price objective on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a report on Friday, December 6th. TD Securities boosted their target price on Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a report on Friday, November 15th. Finally, BMO Capital Markets raised their price target on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$95.08.

Canadian Imperial Bank of Commerce Trading Up 0.5 %

CM stock traded up C$0.48 during trading on Thursday, hitting C$89.00. The company had a trading volume of 1,706,538 shares, compared to its average volume of 3,644,611. The company has a fifty day moving average price of C$91.29 and a two-hundred day moving average price of C$84.00. Canadian Imperial Bank of Commerce has a fifty-two week low of C$59.53 and a fifty-two week high of C$95.50. The company has a market cap of C$84.10 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.03 and a beta of 1.12.

Insider Transactions at Canadian Imperial Bank of Commerce

In related news, Senior Officer Susan Rimmer sold 1,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$93.14, for a total value of C$93,140.00. Also, Director Victor George Dodig sold 150,000 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$94.22, for a total value of C$14,132,865.00. Over the last ninety days, insiders have sold 177,012 shares of company stock valued at $16,687,218. 0.02% of the stock is currently owned by company insiders.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were paid a $0.97 dividend. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.88 annualized dividend and a yield of 4.36%. Canadian Imperial Bank of Commerce's payout ratio is 52.10%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is Canada's fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.