What is Desjardins' Forecast for CM FY2026 Earnings?

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Analysts at Desjardins decreased their FY2026 EPS estimates for Canadian Imperial Bank of Commerce in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will earn $5.80 per share for the year, down from their previous forecast of $5.82. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.49 per share.

CM has been the subject of a number of other research reports. StockNews.com upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Royal Bank of Canada upgraded Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and upped their price target 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 assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.

Canadian Imperial Bank of Commerce Stock Up 0.3 %

Canadian Imperial Bank of Commerce stock traded up $0.18 during trading on Friday, reaching $61.57. 241,547 shares of the company's stock were exchanged, compared to its average volume of 1,073,356. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. Canadian Imperial Bank of Commerce has a 52-week low of $43.86 and a 52-week high of $67.45. The firm has a market cap of $58.02 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.64 and a beta of 1.05. The company's 50-day moving average is $63.66 and its two-hundred day moving average is $60.93.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were paid a dividend of $0.6912 per share. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.65. This represents a $2.76 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, December 27th. Canadian Imperial Bank of Commerce's dividend payout ratio is 51.22%.

Hedge Funds Weigh In On Canadian Imperial Bank of Commerce

Several institutional investors and hedge funds have recently made changes to their positions in CM. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Canadian Imperial Bank of Commerce by 14.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,641,498 shares of the bank's stock valued at $652,676,000 after buying an additional 1,305,665 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter valued at approximately $62,849,000. Public Sector Pension Investment Board raised its position in shares of Canadian Imperial Bank of Commerce by 32.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,713,539 shares of the bank's stock valued at $228,043,000 after acquiring an additional 900,575 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Canadian Imperial Bank of Commerce by 74.4% during the 4th quarter. Alberta Investment Management Corp now owns 1,572,963 shares of the bank's stock valued at $99,450,000 after acquiring an additional 671,028 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Imperial Bank of Commerce by 23.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,187,106 shares of the bank's stock valued at $195,561,000 after acquiring an additional 601,234 shares in the last quarter. 49.88% of the stock is currently owned by hedge funds and other institutional investors.

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.