Cormark Has Strong Forecast for CM FY2025 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Cormark raised their FY2025 earnings estimates for shares of Canadian Imperial Bank of Commerce in a report issued on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the bank will earn $5.78 per share for the year, up from their prior forecast of $5.64. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.50 per share. Cormark also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $6.21 EPS.

CM has been the topic of a number of other reports. Scotiabank started coverage on Canadian Imperial Bank of Commerce in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Jefferies Financial Group lowered Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, StockNews.com upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.00.

Canadian Imperial Bank of Commerce Price Performance

CM opened at $66.84 on Thursday. 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 stock has a market capitalization of $62.84 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company's 50 day simple moving average is $60.06 and its 200-day simple moving average is $61.82. Canadian Imperial Bank of Commerce has a one year low of $46.99 and a one year high of $67.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Canadian Imperial Bank of Commerce by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 5,857,844 shares of the bank's stock valued at $359,320,000 after purchasing an additional 334,545 shares during the last quarter. Rhumbline Advisers grew its position in shares of Canadian Imperial Bank of Commerce by 12.6% during the 4th quarter. Rhumbline Advisers now owns 3,622 shares of the bank's stock worth $229,000 after buying an additional 404 shares during the period. American Century Companies Inc. increased its stake in shares of Canadian Imperial Bank of Commerce by 8.5% in the 4th quarter. American Century Companies Inc. now owns 299,211 shares of the bank's stock valued at $18,927,000 after acquiring an additional 23,403 shares during the last quarter. Capital International Investors acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter valued at approximately $424,386,000. Finally, Smith Group Asset Management LLC bought a new position in Canadian Imperial Bank of Commerce during the 4th quarter worth approximately $4,875,000. 49.88% of the stock is currently owned by institutional investors.

Canadian Imperial Bank of Commerce Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were paid a $0.6723 dividend. This represents a $2.69 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 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.

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