Desjardins Issues Optimistic Outlook for TSE:CM Earnings

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

CM has been the subject of a number of other research reports. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$97.00 to C$103.00 in a research note on Wednesday, January 8th. National Bankshares raised 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 lifted their price target on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a report on Friday, December 6th. Canaccord Genuity Group boosted their price target on Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. Finally, UBS Group lifted their target price on Canadian Imperial Bank of Commerce from C$94.00 to C$102.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$95.08.

Canadian Imperial Bank of Commerce Trading Down 0.0 %

TSE CM opened at C$88.27 on Thursday. The company has a market cap of C$83.41 billion, a PE ratio of 12.77, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12 month low of C$59.53 and a 12 month high of C$95.50. The stock has a 50 day moving average of C$91.42 and a 200-day moving average of C$83.55.

Insiders Place Their Bets

In other news, Senior Officer Frank Guse sold 5,360 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$93.28, for a total transaction of C$499,985.62. Following the transaction, the insider now directly owns 440 shares of the company’s stock, valued at approximately C$41,043.60. This trade represents a 92.41 % decrease in their ownership of the stock. Also, Director Victor George Dodig sold 150,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$94.22, for a total transaction of C$14,132,865.00. Insiders have sold 177,012 shares of company stock worth $16,687,218 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 4.40%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, December 27th. 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.