FY2025 Earnings Forecast for TSE:CM Issued By Desjardins

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Equities researchers at Desjardins raised their FY2025 EPS estimates for shares of Canadian Imperial Bank of Commerce in a research report issued on Thursday, December 5th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $7.65 for the year, up from their prior forecast of $7.45. Desjardins currently has a “Buy” rating and a $83.00 price objective on the stock. 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 FY2026 earnings at $8.20 EPS.

Several other equities research analysts have also issued reports on CM. Barclays raised their price objective on Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an “underweight” rating in a research note on Friday, August 30th. BMO Capital Markets raised their price target on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research report on Monday, November 18th. National Bankshares lifted their price objective 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 target price on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research note on Friday. Finally, Royal Bank of Canada lifted their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.00.

Canadian Imperial Bank of Commerce Trading Up 0.9 %

Shares of TSE:CM opened at C$94.35 on Monday. The company has a market cap of C$89.16 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12 month low of C$57.52 and a 12 month high of C$94.81. The company has a 50-day moving average price of C$87.10 and a 200 day moving average price of C$76.21.

Insider Transactions at Canadian Imperial Bank of Commerce

In related news, Director Harry Kenneth Culham sold 800 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$83.20, for a total value of C$66,560.00. Also, Senior Officer Shawn Beber sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$81.80, for a total value of C$817,960.00. In the last 90 days, insiders have sold 147,527 shares of company stock valued at $12,287,957. 0.02% of the stock is currently owned by corporate insiders.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 4.11%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 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.