Brokers Issue Forecasts for Canadian Imperial Bank of Commerce’s FY2025 Earnings (TSE:CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Investment analysts at National Bank Financial boosted their FY2025 earnings estimates for Canadian Imperial Bank of Commerce in a research note issued on Thursday, August 29th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $7.75 for the year, up from their prior estimate of $7.35. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $7.32 per share.

Other analysts have also recently issued research reports about the company. UBS Group set a C$70.00 price objective on Canadian Imperial Bank of Commerce and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Desjardins lifted their price target on shares of Canadian Imperial Bank of Commerce from C$77.00 to C$83.00 and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a research note on Monday, June 3rd. Scotiabank lifted their target price on shares of Canadian Imperial Bank of Commerce from C$77.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bankshares increased their price target on Canadian Imperial Bank of Commerce from C$78.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$79.15.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE CM opened at C$78.76 on Monday. The firm’s 50-day moving average is C$69.79 and its two-hundred day moving average is C$67.45. The company has a market capitalization of C$74.27 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12-month low of C$47.44 and a 12-month high of C$79.62.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Imperial Bank of Commerce’s payout ratio is 54.96%.

Insider Buying and Selling

In other Canadian Imperial Bank of Commerce news, Senior Officer John Hountalas sold 20,808 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$65.97, for a total value of C$1,372,672.55. In related news, Senior Officer John Hountalas sold 20,808 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$65.97, for a total value of C$1,372,672.55. Also, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of C$67.50, for a total value of C$1,605,285.00. 0.02% of the stock is currently owned by insiders.

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.