Desjardins Issues Optimistic Outlook for TSE:CM Earnings

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Equities research analysts at Desjardins upped their Q1 2025 earnings estimates for Canadian Imperial Bank of Commerce in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now expects that the company will post earnings per share of $1.87 for the quarter, up from their previous estimate 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.

Other analysts have also recently issued research reports about the company. National Bankshares increased their target price on Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a report on Wednesday, November 20th. BMO Capital Markets increased their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a report on Monday, November 18th. Cormark boosted their target price on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research note on Friday, December 6th. TD Securities upped their target price on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research report on Friday, November 15th. Finally, Scotiabank raised their price target on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a report on Friday, December 6th. One equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$95.08.

Canadian Imperial Bank of Commerce Price Performance

CM stock opened at C$88.27 on Thursday. The business has a fifty day moving average price of C$91.42 and a 200 day moving average price of C$83.55. Canadian Imperial Bank of Commerce has a fifty-two week low of C$59.53 and a fifty-two week high of C$95.50. The stock has a market capitalization of C$83.41 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 3.03 and a beta of 1.12.

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 dividend of $0.97 per share. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. This represents a $3.88 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Friday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 52.10%.

Insider Activity

In other news, Senior Officer Frank Guse sold 5,360 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$93.28, for a total transaction of C$499,985.62. Following the transaction, the insider now owns 440 shares in the company, valued at C$41,043.60. The trade was a 92.41 % decrease in their position. Also, Senior Officer Susan Rimmer sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total value of C$93,140.00. Insiders sold a total of 177,012 shares of company stock valued at $16,687,218 in the last ninety days. 0.02% of the stock is owned by insiders.

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.