Desjardins Issues Optimistic Outlook for CM Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Desjardins increased their Q1 2025 EPS estimates for Canadian Imperial Bank of Commerce in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will earn $1.29 per share for the quarter, up from their prior estimate of $1.26. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.49 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce’s FY2025 earnings at $5.42 EPS.

A number of other research analysts have also recently commented on the stock. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Imperial Bank of Commerce Stock Up 0.2 %

CM stock opened at $61.81 on Thursday. The stock has a market capitalization of $58.25 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. Canadian Imperial Bank of Commerce has a 12 month low of $43.86 and a 12 month high of $67.45. The firm has a 50-day moving average price of $63.82 and a 200-day moving average price of $60.62.

Institutional Trading of Canadian Imperial Bank of Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Canadian Imperial Bank of Commerce by 14.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,641,498 shares of the bank’s stock worth $652,676,000 after buying an additional 1,305,665 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth approximately $62,849,000. Public Sector Pension Investment Board grew its position in shares of Canadian Imperial Bank of Commerce by 32.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,713,539 shares of the bank’s stock worth $228,043,000 after buying an additional 900,575 shares during the period. Alberta Investment Management Corp grew its position in shares of Canadian Imperial Bank of Commerce by 74.4% during the 4th quarter. Alberta Investment Management Corp now owns 1,572,963 shares of the bank’s stock worth $99,450,000 after buying an additional 671,028 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Canadian Imperial Bank of Commerce by 23.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,187,106 shares of the bank’s stock worth $195,561,000 after buying an additional 601,234 shares during the period. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were given a dividend of $0.6912 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 51.22%.

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.