Desjardins Has Negative Outlook of CM Q3 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Investment analysts at Desjardins dropped their Q3 2025 earnings per share estimates for Canadian Imperial Bank of Commerce in a report issued on Thursday, May 29th. Desjardins analyst D. Young now anticipates that the bank will post earnings of $1.35 per share for the quarter, down from their prior estimate of $1.43. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.50 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $6.13 EPS.

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

Canadian Imperial Bank of Commerce Stock Performance

Canadian Imperial Bank of Commerce stock traded down $0.23 during midday trading on Monday, reaching $67.71. 1,354,212 shares of the company's stock were exchanged, compared to its average volume of 1,127,105. 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 quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $63.66 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.62 and a beta of 1.06. The stock's 50-day simple moving average is $61.57 and its 200 day simple moving average is $61.97.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last released its earnings results 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. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.78 billion. Canadian Imperial Bank of Commerce had a return on equity of 14.01% and a net margin of 11.10%. Canadian Imperial Bank of Commerce's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share.

Institutional Trading of Canadian Imperial Bank of Commerce

Several institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Canadian Imperial Bank of Commerce by 1,036.9% in the first quarter. Acadian Asset Management LLC now owns 1,048,200 shares of the bank's stock valued at $58,942,000 after buying an additional 956,000 shares during the period. Intech Investment Management LLC boosted its stake in shares of Canadian Imperial Bank of Commerce by 64.4% in the first quarter. Intech Investment Management LLC now owns 275,959 shares of the bank's stock valued at $15,521,000 after buying an additional 108,110 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in shares of Canadian Imperial Bank of Commerce by 1,784.1% in the first quarter. Zurich Insurance Group Ltd FI now owns 685,827 shares of the bank's stock valued at $38,622,000 after buying an additional 649,427 shares during the period. Sciencast Management LP bought a new stake in shares of Canadian Imperial Bank of Commerce in the first quarter valued at approximately $546,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Canadian Imperial Bank of Commerce by 405.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,187,068 shares of the bank's stock valued at $292,032,000 after buying an additional 4,160,938 shares during the period. 49.88% of the stock is currently owned by institutional investors.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.7024 dividend. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.67. This represents a $2.81 annualized dividend and a yield of 4.15%. Canadian Imperial Bank of Commerce's payout ratio is 47.28%.

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.