Desjardins Has Optimistic Outlook of TSE:CM Q1 Earnings

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Desjardins raised their Q1 2025 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $1.87 for the quarter, up from their prior forecast 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.

A number of other analysts have also recently commented on CM. TD Securities upped their price target on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research note on Friday, November 15th. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. National Bankshares lifted their price target on Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research report on Wednesday, November 20th. Cormark increased their price objective on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday, December 6th. Finally, Scotiabank lifted their target price on 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 issued a buy rating to the company. According to MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of “Moderate Buy” and a consensus target price of C$95.08.

Canadian Imperial Bank of Commerce Stock Performance

Shares of Canadian Imperial Bank of Commerce stock opened at C$88.52 on Thursday. The stock has a market capitalization of C$83.65 billion, a P/E ratio of 12.81, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52-week low of C$59.53 and a 52-week high of C$95.50. The stock’s 50-day simple moving average is C$91.37 and its 200 day simple moving average is C$83.70.

Insider Activity at Canadian Imperial Bank of Commerce

In other news, Senior Officer Robert Sedran sold 20,652 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$94.97, for a total transaction of C$1,961,227.51. Also, Director Victor George Dodig sold 150,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$94.22, for a total value of C$14,132,865.00. Insiders have sold a total of 177,012 shares of company stock valued at $16,687,218 over the last 90 days. 0.02% of the stock is owned by insiders.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were given a $0.97 dividend. The ex-dividend date was Friday, December 27th. 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 yield of 4.38%. Canadian Imperial Bank of Commerce’s payout ratio is 52.10%.

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.