Desjardins Issues Optimistic Outlook for CM Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Investment analysts at Desjardins upped their Q1 2025 EPS estimates for shares of Canadian Imperial Bank of Commerce in a note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now expects that the bank will post earnings of $1.29 per share for the quarter, up from their previous estimate of $1.26. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.49 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce’s FY2025 earnings at $5.42 EPS.

Several other research firms have also recently weighed in on CM. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $97.00 to $103.00 in a research report on Wednesday, January 8th. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Trading Up 0.6 %

NYSE CM opened at $62.30 on Thursday. Canadian Imperial Bank of Commerce has a twelve month low of $43.86 and a twelve month high of $67.45. 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 stock has a market cap of $58.71 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.66 and a beta of 1.05. The firm’s 50 day moving average price is $63.76 and its two-hundred day moving average price is $60.63.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Several institutional investors and hedge funds have recently modified their holdings of CM. Squarepoint Ops LLC acquired a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth $407,000. Sanctuary Advisors LLC acquired a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth $326,000. Park Avenue Securities LLC lifted its position in Canadian Imperial Bank of Commerce by 43.5% during the 3rd quarter. Park Avenue Securities LLC now owns 8,625 shares of the bank’s stock worth $529,000 after acquiring an additional 2,615 shares during the last quarter. Atomi Financial Group Inc. lifted its position in Canadian Imperial Bank of Commerce by 41.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 7,879 shares of the bank’s stock worth $483,000 after acquiring an additional 2,318 shares during the last quarter. Finally, Perfromance Wealth Partners LLC bought a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth about $323,000. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were paid a $0.6912 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Friday, December 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s payout ratio is presently 51.22%.

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.