Desjardins Issues Optimistic Outlook for CM Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Desjardins raised their Q1 2025 earnings per share estimates for Canadian Imperial Bank of Commerce in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $1.29 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.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday. 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. According to MarketBeat.com, Canadian Imperial Bank of Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of NYSE CM opened at $62.30 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $63.76 and its two-hundred day moving average price is $60.63. Canadian Imperial Bank of Commerce has a 52-week low of $43.86 and a 52-week high of $67.45. The stock has a market capitalization of $58.71 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.66 and a beta of 1.05.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Canadian Imperial Bank of Commerce by 14.0% in the third 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 last quarter. Zurich Insurance Group Ltd FI acquired a new position in Canadian Imperial Bank of Commerce in the third quarter worth approximately $62,849,000. Public Sector Pension Investment Board grew its position in Canadian Imperial Bank of Commerce by 32.0% in the third 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 last quarter. Alberta Investment Management Corp grew its position in Canadian Imperial Bank of Commerce by 74.4% in the fourth 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Canadian Imperial Bank of Commerce by 23.3% in the third 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 last quarter. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were issued a dividend of $0.6912 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Friday, December 27th. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s payout ratio is 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.