Research Analysts Offer Predictions for CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Analysts at Cormark issued their FY2026 earnings estimates for Canadian Imperial Bank of Commerce in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud forecasts that the bank will post earnings of $5.92 per share for the year. 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 $5.27 per share.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last issued its earnings results on Thursday, August 29th. The bank reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. Canadian Imperial Bank of Commerce had a return on equity of 13.50% and a net margin of 10.66%. The business had revenue of $6.60 billion during the quarter, compared to analysts' expectations of $6.28 billion. During the same period in the prior year, the business earned $1.14 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year.

Other analysts have also issued research reports about the company. BMO Capital Markets upped their target price 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. StockNews.com lowered Canadian Imperial Bank of Commerce from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Bank of America upgraded shares of Canadian Imperial Bank of Commerce from a "neutral" rating to a "buy" rating in a report on Friday, August 30th. Finally, Desjardins upgraded shares of Canadian Imperial Bank of Commerce from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $81.00.

Canadian Imperial Bank of Commerce Stock Down 1.0 %

Shares of NYSE:CM traded down $0.67 during trading hours on Tuesday, hitting $64.74. The company's stock had a trading volume of 804,517 shares, compared to its average volume of 1,374,459. The firm's fifty day moving average price is $62.58 and its 200 day moving average price is $55.27. Canadian Imperial Bank of Commerce has a 52 week low of $37.97 and a 52 week high of $65.89. The company has a market capitalization of $61.15 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

Canadian Imperial Bank of Commerce Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were issued a dividend of $0.652 per share. The ex-dividend date was Friday, September 27th. This represents a $2.61 annualized dividend and a dividend yield of 4.03%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 52.46%.

Institutional Trading of Canadian Imperial Bank of Commerce

A number of institutional investors have recently bought and sold shares of CM. Toronto Dominion Bank lifted its position in Canadian Imperial Bank of Commerce by 17.9% during the 2nd quarter. Toronto Dominion Bank now owns 25,941,777 shares of the bank's stock worth $1,233,272,000 after acquiring an additional 3,942,894 shares during the period. National Bank of Canada FI boosted its position in Canadian Imperial Bank of Commerce by 26.8% in the second quarter. National Bank of Canada FI now owns 18,340,869 shares of the bank's stock valued at $867,377,000 after buying an additional 3,875,280 shares during the last quarter. Cibc World Market Inc. boosted its position in Canadian Imperial Bank of Commerce by 18.9% in the second quarter. Cibc World Market Inc. now owns 19,748,305 shares of the bank's stock valued at $938,834,000 after buying an additional 3,143,734 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Canadian Imperial Bank of Commerce by 61.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,030,130 shares of the bank's stock worth $334,321,000 after buying an additional 2,681,428 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in 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 worth $652,676,000 after buying an additional 1,305,665 shares during the last quarter. 49.88% of the stock is currently owned by institutional investors and hedge funds.

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.