Equities Analysts Offer Predictions for CM Q2 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM - Equities researchers at Cormark issued their Q2 2025 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued on Tuesday, May 20th. Cormark analyst L. Persaud forecasts that the bank will earn $1.35 per share for the quarter. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $5.50 per share.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Scotiabank assumed coverage on Canadian Imperial Bank of Commerce in a research report on Thursday, May 15th. They set a "sector outperform" rating for the company. Finally, Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM opened at $66.94 on Friday. 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 business has a 50-day simple moving average of $60.25 and a two-hundred day simple moving average of $61.84. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.62 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 52 week low of $46.99 and a 52 week high of $67.45.

Hedge Funds Weigh In On Canadian Imperial Bank of Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CM. Norges Bank bought a new position in Canadian Imperial Bank of Commerce during the fourth quarter valued at approximately $570,477,000. Capital International Investors bought a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter valued at approximately $424,386,000. FIL Ltd lifted its stake in shares of Canadian Imperial Bank of Commerce by 53.6% in the 4th quarter. FIL Ltd now owns 12,387,607 shares of the bank's stock valued at $783,613,000 after purchasing an additional 4,321,451 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Canadian Imperial Bank of Commerce by 405.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,187,068 shares of the bank's stock valued at $292,032,000 after purchasing an additional 4,160,938 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Canadian Imperial Bank of Commerce by 31.6% in the 1st 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. 49.88% of the stock is owned by institutional investors.

Canadian Imperial Bank of Commerce Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.