Desjardins Issues Optimistic Forecast for TSE:CM Earnings

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Equities researchers at Desjardins raised their FY2025 earnings estimates for Canadian Imperial Bank of Commerce in a report issued on Thursday, December 5th. Desjardins analyst D. Young now forecasts that the company will earn $7.65 per share for the year, up from their previous estimate of $7.45. Desjardins currently has a “Buy” rating and a $83.00 target price 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.

Other analysts also recently issued reports about the company. Royal Bank of Canada increased their price objective on Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. Canaccord Genuity Group increased their price objective on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. TD Securities raised their price target on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research report on Friday, November 15th. Scotiabank raised their price target on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research report on Friday, December 6th. Finally, National Bankshares raised their price target on shares of Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and an average price target of C$90.00.

Canadian Imperial Bank of Commerce Stock Up 0.4 %

TSE CM opened at C$94.26 on Monday. The company has a market capitalization of C$89.07 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a twelve month low of C$57.96 and a twelve month high of C$94.81. The stock has a fifty day simple moving average of C$87.30 and a 200 day simple moving average of C$76.40.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 4.12%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 52.10%.

Insider Transactions at Canadian Imperial Bank of Commerce

In other news, Senior Officer Christina Charlotte Kramer sold 37,022 shares of Canadian Imperial Bank of Commerce stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$83.40, for a total transaction of C$3,087,634.80. Also, Director Harry Kenneth Culham sold 47,430 shares of Canadian Imperial Bank of Commerce stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$83.41, for a total transaction of C$3,956,136.30. Insiders sold a total of 137,527 shares of company stock worth $11,469,997 in the last quarter. Insiders own 0.02% of the company’s stock.

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.