Canadian Imperial Bank of Commerce to Post FY2025 Earnings of $5.74 Per Share, National Bank Financial Forecasts (NYSE:CM)

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Equities research analysts at National Bank Financial raised their FY2025 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a report issued on Thursday, August 29th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $5.74 per share for the year, up from their previous forecast of $5.38. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.57 per share.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its earnings results on Thursday, August 29th. The bank reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. The firm had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.28 billion. Canadian Imperial Bank of Commerce had a net margin of 10.66% and a return on equity of 13.63%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS.

Several other brokerages also recently issued reports on CM. Keefe, Bruyette & Woods upgraded Canadian Imperial Bank of Commerce from a “market perform” rating to an “outperform” rating in a report on Monday, June 3rd. BMO Capital Markets increased their target price on Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday. Desjardins raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 2nd. Finally, Bank of America upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and an average price target of $81.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock opened at $58.44 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $55.11 billion, a PE ratio of 12.02, a P/E/G ratio of 2.17 and a beta of 1.06. The company’s fifty day simple moving average is $50.77 and its 200-day simple moving average is $49.28. Canadian Imperial Bank of Commerce has a 52 week low of $34.35 and a 52 week high of $59.10.

Canadian Imperial Bank of Commerce Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Friday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 53.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Canadian Imperial Bank of Commerce in the 4th quarter worth approximately $404,008,000. Toronto Dominion Bank boosted its holdings in Canadian Imperial Bank of Commerce by 17.9% in the second quarter. Toronto Dominion Bank now owns 25,941,777 shares of the bank’s stock worth $1,233,272,000 after purchasing an additional 3,942,894 shares during the period. National Bank of Canada FI increased its stake in Canadian Imperial Bank of Commerce by 26.8% during the second quarter. National Bank of Canada FI now owns 18,340,869 shares of the bank’s stock valued at $867,377,000 after purchasing an additional 3,875,280 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Canadian Imperial Bank of Commerce by 18.9% during the second quarter. Cibc World Market Inc. now owns 19,748,305 shares of the bank’s stock worth $938,834,000 after purchasing an additional 3,143,734 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Canadian Imperial Bank of Commerce by 94.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,080,761 shares of the bank’s stock worth $292,949,000 after buying an additional 2,952,277 shares during the last quarter. 49.88% of the stock is owned by institutional investors and hedge funds.

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.