Cormark Has Positive Estimate for TSE:CM FY2026 Earnings

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Equities research analysts at Cormark boosted their FY2026 earnings per share (EPS) estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $8.65 per share for the year, up from their previous forecast of $8.22. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $6.41 per share.

A number of other analysts also recently commented on CM. BMO Capital Markets boosted their price objective on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research note on Monday, November 18th. Royal Bank of Canada boosted their price objective on Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Jefferies Financial Group dropped their price objective on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. 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 note on Friday, August 30th. Finally, Scotiabank boosted their price objective on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$90.00.

Canadian Imperial Bank of Commerce Price Performance

Shares of Canadian Imperial Bank of Commerce stock opened at C$94.35 on Monday. The business’s fifty day moving average price is C$87.10 and its two-hundred day moving average price is C$76.21. The company has a market capitalization of C$89.16 billion, a P/E ratio of 13.65, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1-year low of C$57.52 and a 1-year high of C$94.81.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.97 per share. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.11%. Canadian Imperial Bank of Commerce’s payout ratio is currently 52.10%.

Insider Activity

In other news, Senior Officer Shawn Beber sold 10,000 shares of Canadian Imperial Bank of Commerce stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$81.80, for a total transaction of C$817,960.00. Also, Director Harry Kenneth Culham sold 50,000 shares of Canadian Imperial Bank of Commerce stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$83.42, for a total value of C$4,170,750.00. Over the last quarter, insiders have sold 147,527 shares of company stock worth $12,287,957. 0.02% of the stock is owned by corporate 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.