Desjardins Analysts Decrease Earnings Estimates for CM

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Stock analysts at Desjardins dropped their FY2026 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 $5.80 per share for the year, down from their previous estimate of $5.82. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.49 per share.

A number of other brokerages have also commented on CM. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Stock Performance

NYSE:CM opened at $62.30 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a market capitalization 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 fifty day simple moving average is $63.76 and its 200 day simple moving average is $60.63. Canadian Imperial Bank of Commerce has a twelve month low of $43.86 and a twelve month high of $67.45.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its position in shares of Canadian Imperial Bank of Commerce by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,977 shares of the bank’s stock worth $251,000 after purchasing an additional 279 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter worth about $205,000. Mesirow Financial Investment Management Inc. increased its position in shares of Canadian Imperial Bank of Commerce by 0.7% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 33,094 shares of the bank’s stock worth $2,092,000 after purchasing an additional 222 shares during the last quarter. Andra AP fonden increased its position in shares of Canadian Imperial Bank of Commerce by 73.5% in the 4th quarter. Andra AP fonden now owns 182,700 shares of the bank’s stock worth $11,552,000 after purchasing an additional 77,400 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Canadian Imperial Bank of Commerce during the 4th quarter valued at about $24,997,000. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were given a $0.6912 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.76 annualized dividend and a dividend yield of 4.44%. This is an increase 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.