FY2025 Earnings Forecast for TSE:CM Issued By Desjardins

Key Points

• Desjardins analysts have raised their FY2025 earnings per share estimate for Canadian Imperial Bank of Commerce to $8.15, up from a previous estimate of $8.00, while maintaining a "Buy" rating with a $106.00 price target.
• The consensus estimate for the bank's current full-year earnings stands at $6.41 per share, significantly lower than Desjardins' adjusted forecast.
• Canadian Imperial Bank of Commerce recently declared a quarterly dividend of $0.97, resulting in an annualized dividend yield of 3.8%.

Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM - Analysts at Desjardins boosted their FY2025 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Tuesday, August 12th. Desjardins analyst D. Young now expects that the company will earn $8.15 per share for the year, up from their prior estimate of $8.00. Desjardins currently has a "Buy" rating and a $106.00 price objective on the stock. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $6.41 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $8.65 EPS.

CM has been the topic of a number of other reports. Barclays boosted their price objective on Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. National Bank Financial lowered Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 29th. Royal Bank Of Canada cut their price objective on Canadian Imperial Bank of Commerce from C$116.00 to C$112.00 and set an "outperform" rating for the company in a report on Monday, June 9th. National Bankshares set a C$95.00 price objective on Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group boosted their price objective on Canadian Imperial Bank of Commerce from C$94.00 to C$102.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$99.00.

Canadian Imperial Bank of Commerce Price Performance

CM opened at C$100.92 on Thursday. The company has a market capitalization of C$94.42 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 3.03 and a beta of 1.12. The firm's fifty day moving average price is C$97.77 and its two-hundred day moving average price is C$90.11. Canadian Imperial Bank of Commerce has a 1 year low of C$70.09 and a 1 year high of C$102.02.

Insider Buying and Selling

In other news, Senior Officer Shawn Beber sold 9,107 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$94.28, for a total value of C$858,567.89. Also, Senior Officer Hratch Dikran Panossian sold 9,006 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$94.96, for a total value of C$855,240.38. Insiders sold 105,837 shares of company stock worth $9,903,590 over the last ninety days. 0.02% of the stock is owned by corporate insiders.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Monday, July 28th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $3.88 annualized dividend and a dividend yield of 3.8%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is 47.55%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is Canada's fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

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.