Cormark Has Positive Outlook for CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Cormark raised their FY2026 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the bank will earn $6.14 per share for the year, up from their previous estimate of $5.92. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.51 per share.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $97.00 price objective (up previously from $74.00) on shares of Canadian Imperial Bank of Commerce in a research note on Friday. Bank of America raised shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a research note on Friday, August 30th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE:CM opened at $66.66 on Monday. Canadian Imperial Bank of Commerce has a twelve month low of $42.28 and a twelve month high of $67.14. The company’s 50 day moving average is $63.10 and its 200 day moving average is $56.16. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $62.97 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be given a dividend of $0.6912 per share. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, December 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.15%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 49.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ridgewood Investments LLC purchased a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter valued at approximately $29,000. BNP Paribas Financial Markets purchased a new position in Canadian Imperial Bank of Commerce in the 3rd quarter valued at $44,000. Blue Trust Inc. lifted its holdings in Canadian Imperial Bank of Commerce by 571.6% in the 3rd quarter. Blue Trust Inc. now owns 732 shares of the bank’s stock valued at $45,000 after purchasing an additional 623 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Canadian Imperial Bank of Commerce by 23.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the bank’s stock valued at $56,000 after purchasing an additional 171 shares in the last quarter. Finally, City State Bank purchased a new position in Canadian Imperial Bank of Commerce in the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 49.88% of the company’s stock.

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.