CM FY2025 EPS Estimate Raised by National Bank Financial

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Equities research analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Thursday, May 29th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $5.77 per share for the year, up from their prior forecast of $5.67. National Bank Financial currently has a "Sector Perform" rating on the stock. 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 $6.08 EPS.

A number of other equities analysts have also recently commented on CM. Jefferies Financial Group cut Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a report on Monday, April 21st. Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank of Canada boosted their target price on Canadian Imperial Bank of Commerce from $108.00 to $116.00 and gave the company an "outperform" rating in a report on Friday, May 30th. BMO Capital Markets increased their price target on shares of Canadian Imperial Bank of Commerce from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, Scotiabank began coverage on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 15th. They issued a "sector outperform" rating for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has an average rating of "Moderate Buy" and an average target price of $109.00.

Canadian Imperial Bank of Commerce Trading Up 1.2%

Shares of CM traded up $0.84 during mid-day trading on Monday, reaching $68.70. The stock had a trading volume of 820,606 shares, compared to its average volume of 1,127,098. The business's fifty day moving average is $62.20 and its 200 day moving average is $62.08. Canadian Imperial Bank of Commerce has a 52-week low of $46.99 and a 52-week high of $69.88. 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 $64.59 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.62 and a beta of 1.05.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last announced its quarterly earnings data on Thursday, May 29th. The bank reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.10. Canadian Imperial Bank of Commerce had a net margin of 11.10% and a return on equity of 14.01%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Canadian Imperial Bank of Commerce's quarterly revenue was up 13.9% on a year-over-year basis.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.7024 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.67. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 49.56%.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in CM. Crews Bank & Trust purchased a new position in Canadian Imperial Bank of Commerce in the 4th quarter worth approximately $25,000. Operose Advisors LLC acquired a new position in Canadian Imperial Bank of Commerce during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Canadian Imperial Bank of Commerce in the 4th quarter valued at about $30,000. Sandy Spring Bank acquired a new position in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth $32,000. Finally, TruNorth Capital Management LLC increased its position in Canadian Imperial Bank of Commerce by 156.0% in the 1st quarter. TruNorth Capital Management LLC now owns 512 shares of the bank's stock worth $29,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 49.88% of the company's stock.

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.