CM FY2025 EPS Forecast Reduced by National Bank Financial

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Investment analysts at National Bank Financial dropped their FY2025 earnings estimates for Canadian Imperial Bank of Commerce in a report released on Sunday, April 6th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings of $5.52 per share for the year, down from their prior forecast of $5.63. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.50 per share. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $5.80 EPS.

Several other equities research analysts have also recently issued reports on CM. Royal Bank of Canada upgraded 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. StockNews.com lowered Canadian Imperial Bank of Commerce from a "hold" rating to a "sell" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.00.

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Canadian Imperial Bank of Commerce Trading Up 1.3 %

CM stock traded up $0.73 during midday trading on Wednesday, hitting $57.83. The stock had a trading volume of 211,769 shares, compared to its average volume of 1,149,089. The company's 50-day moving average price is $58.45 and its 200 day moving average price is $61.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $54.36 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. Canadian Imperial Bank of Commerce has a 12-month low of $46.50 and a 12-month high of $67.45.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in CM. Norges Bank purchased a new stake in shares of Canadian Imperial Bank of Commerce during the 4th quarter worth about $570,477,000. Capital International Investors purchased a new stake in Canadian Imperial Bank of Commerce during the fourth quarter worth approximately $424,386,000. FIL Ltd raised its stake in shares of Canadian Imperial Bank of Commerce by 53.6% in the 4th quarter. FIL Ltd now owns 12,387,607 shares of the bank's stock valued at $783,613,000 after acquiring an additional 4,321,451 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Canadian Imperial Bank of Commerce by 37.3% during the 4th quarter. JPMorgan Chase & Co. now owns 8,043,106 shares of the bank's stock valued at $508,566,000 after acquiring an additional 2,185,262 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in Canadian Imperial Bank of Commerce by 41.1% during the 4th quarter. Mackenzie Financial Corp now owns 6,835,795 shares of the bank's stock worth $431,952,000 after purchasing an additional 1,990,520 shares during the period. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.6723 per share. This represents a $2.69 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 48.03%.

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.