FY2025 Earnings Estimate for CM Issued By Cormark

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Research analysts at Cormark boosted their FY2025 earnings per share estimates for Canadian Imperial Bank of Commerce in a research note issued to investors on Tuesday, May 20th. Cormark analyst L. Persaud now expects that the bank will post earnings per share of $5.78 for the year, up from their previous estimate 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.

Other equities research analysts have also recently issued research reports about the company. Scotiabank started coverage on Canadian Imperial Bank of Commerce in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Jefferies Financial Group cut Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of "Moderate Buy" and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Trading Up 0.6%

Shares of CM stock traded up $0.39 during mid-day trading on Thursday, hitting $68.55. 388,043 shares of the company's stock were exchanged, compared to its average volume of 1,134,005. Canadian Imperial Bank of Commerce has a fifty-two week low of $46.99 and a fifty-two week high of $69.40. The stock has a 50-day simple moving average of $60.71 and a two-hundred day simple moving average of $61.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.62 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CM. Crews Bank & Trust purchased a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $25,000. Operose Advisors LLC purchased a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $26,000. HM Payson & Co. purchased a new stake in shares of Canadian Imperial Bank of Commerce during the first quarter worth about $29,000. TruNorth Capital Management LLC increased its position in shares of Canadian Imperial Bank of Commerce by 156.0% during the first quarter. TruNorth Capital Management LLC now owns 512 shares of the bank's stock worth $29,000 after acquiring an additional 312 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $30,000. 49.88% of the stock is owned by hedge funds and other institutional investors.

Canadian Imperial Bank of Commerce Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 28th were given a $0.6723 dividend. This represents a $2.69 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 48.03%.

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.