Desjardins Analysts Raise Earnings Estimates for TSE:CM

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins upped their Q1 2025 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the company will post earnings of $1.87 per share for the quarter, up from their previous forecast of $1.78. 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 FY2025 earnings at $7.85 EPS and FY2026 earnings at $8.40 EPS.

CM has been the topic of a number of other reports. Scotiabank upped their price target on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research report on Friday, December 6th. National Bankshares upped their price target on Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research report on Wednesday, November 20th. UBS Group upped their price target on Canadian Imperial Bank of Commerce from C$94.00 to C$102.00 in a research report on Monday, December 16th. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$97.00 to C$103.00 in a research report on Wednesday, January 8th. Finally, Cormark upped their price target on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$95.08.

Canadian Imperial Bank of Commerce Trading Up 0.5 %

TSE CM opened at C$89.00 on Thursday. The firm’s fifty day simple moving average is C$91.32 and its two-hundred day simple moving average is C$83.84. The firm has a market capitalization of C$84.10 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12-month low of C$59.53 and a 12-month high of C$95.50.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Director Victor George Dodig sold 150,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$94.22, for a total value of C$14,132,865.00. Also, Senior Officer Susan Rimmer sold 1,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total transaction of C$93,140.00. Over the last three months, insiders have sold 177,012 shares of company stock valued at $16,687,218. 0.02% of the stock is owned by insiders.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 4.36%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 52.10%.

About Canadian Imperial Bank of Commerce

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.