What is Cormark’s Forecast for TSE:CM Q4 Earnings?

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at Cormark issued their Q4 2024 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Monday, November 25th. Cormark analyst L. Persaud expects that the company will earn $1.80 per share for the quarter. Cormark currently has a “Buy” rating and a $83.00 target price on the stock. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $6.41 per share. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2025 earnings at $7.67 EPS.

Other equities analysts have also recently issued research reports about the company. Desjardins boosted their price objective on Canadian Imperial Bank of Commerce from C$77.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada upped their price target on Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the stock a “sector perform” rating in a report on Friday, August 30th. National Bankshares upped their target price on shares of Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research note on Wednesday, November 20th. Scotiabank increased their price target on shares of Canadian Imperial Bank of Commerce from C$85.00 to C$108.00 in a report on Monday. Finally, Canaccord Genuity Group boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$92.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$87.17.

Canadian Imperial Bank of Commerce Price Performance

CM stock opened at C$90.70 on Wednesday. The stock has a market capitalization of C$85.71 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12. The company has a 50-day moving average of C$86.21 and a two-hundred day moving average of C$75.20. Canadian Imperial Bank of Commerce has a 52-week low of C$51.60 and a 52-week high of C$92.17.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, August 29th. The company reported C$1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.75 by C$0.18. The business had revenue of C$6.60 billion for the quarter, compared to analyst estimates of C$6.31 billion. Canadian Imperial Bank of Commerce had a net margin of 29.56% and a return on equity of 12.37%.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Director Harry Kenneth Culham sold 50,000 shares of Canadian Imperial Bank of Commerce stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$81.87, for a total transaction of C$4,093,500.00. Also, Senior Officer Shawn Beber sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$81.80, for a total transaction of C$817,960.00. Over the last ninety days, insiders have sold 203,057 shares of company stock valued at $16,823,249. 0.02% of the stock is currently owned by corporate insiders.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Friday, September 27th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 52.10%.

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.