Desjardins Has Optimistic Outlook of CM Q3 Earnings

Key Points

• Desjardins has raised its Q3 2025 EPS forecast for Canadian Imperial Bank of Commerce from $1.35 to $1.45, indicating a positive outlook for the bank's earnings.
• The bank reported a Q2 EPS of $1.44, exceeding analysts' expectations of $1.34, and achieved revenue of $5.09 billion, which is up by 13.9% compared to the prior year.
• The company recently increased its quarterly dividend to $0.7024, reflecting a commitment to returning value to shareholders, with a current dividend yield of 3.8%.

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Research analysts at Desjardins upped their Q3 2025 EPS estimates for shares of Canadian Imperial Bank of Commerce in a report released on Tuesday, August 12th. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.45 for the quarter, up from their previous estimate of $1.35. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.50 per share.

A number of other analysts have also commented on the company. Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Scotiabank began coverage on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. National Bank Financial downgraded shares of Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. BMO Capital Markets upped their target price on Canadian Imperial Bank of Commerce from $98.00 to $102.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Finally, Royal Bank Of Canada raised their price objective 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.00.

Canadian Imperial Bank of Commerce Stock Down 0.0%

Shares of NYSE:CM traded down $0.02 during trading on Friday, hitting $73.79. 842,288 shares of the company's stock traded hands, compared to its average volume of 1,379,056. Canadian Imperial Bank of Commerce has a 52 week low of $52.40 and a 52 week high of $74.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $71.68 and a 200-day moving average price of $64.80. The company has a market cap of $68.59 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last issued 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. The firm had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.78 billion. Canadian Imperial Bank of Commerce had a net margin of 12.19% and a return on equity of 14.51%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 earnings per share.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Friday, June 27th were paid a $0.7024 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, June 27th. Canadian Imperial Bank of Commerce's payout ratio is 49.56%.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Canadian Imperial Bank of Commerce during the second quarter worth $730,245,000. Capital International Investors bought a new position in Canadian Imperial Bank of Commerce during the 4th quarter valued at $424,386,000. Goldman Sachs Group Inc. boosted its holdings in Canadian Imperial Bank of Commerce by 405.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,187,068 shares of the bank's stock worth $292,032,000 after acquiring an additional 4,160,938 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Canadian Imperial Bank of Commerce by 130.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,354,644 shares of the bank's stock worth $519,312,000 after acquiring an additional 4,160,060 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Canadian Imperial Bank of Commerce by 31.6% in the first quarter. JPMorgan Chase & Co. now owns 10,581,914 shares of the bank's stock valued at $595,762,000 after purchasing an additional 2,538,808 shares during the last quarter. Institutional investors and hedge funds 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.