What is Cormark’s Forecast for CM FY2025 Earnings?

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Cormark increased their FY2025 EPS estimates for Canadian Imperial Bank of Commerce in a report issued on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the bank will earn $5.78 per share for the year, up from their prior estimate of $5.64. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.50 per share. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2026 earnings at $6.21 EPS.

A number of other research analysts have also recently commented on the stock. Scotiabank initiated coverage on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 15th. They issued a “sector outperform” rating for the company. Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Stock Up 0.2%

CM stock opened at $66.94 on Thursday. The stock has a market capitalization of $62.93 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. Canadian Imperial Bank of Commerce has a 12 month low of $46.99 and a 12 month high of $67.45. The firm has a 50-day moving average price of $60.25 and a 200-day moving average price of $61.84.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Canadian Imperial Bank of Commerce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 40,028,162 shares of the bank’s stock valued at $2,251,664,000 after buying an additional 642,924 shares during the last quarter. TD Asset Management Inc. increased its position in Canadian Imperial Bank of Commerce by 3.7% during the 4th quarter. TD Asset Management Inc. now owns 23,600,495 shares of the bank’s stock valued at $1,492,138,000 after purchasing an additional 851,164 shares during the period. Toronto Dominion Bank increased its position in Canadian Imperial Bank of Commerce by 1.1% during the 4th quarter. Toronto Dominion Bank now owns 22,138,015 shares of the bank’s stock valued at $1,398,619,000 after purchasing an additional 234,088 shares during the period. Bank of Nova Scotia increased its position in Canadian Imperial Bank of Commerce by 4.5% during the 1st quarter. Bank of Nova Scotia now owns 17,967,436 shares of the bank’s stock valued at $1,010,849,000 after purchasing an additional 773,174 shares during the period. Finally, FIL Ltd increased its position in Canadian Imperial Bank of Commerce by 53.6% during the 4th quarter. FIL Ltd now owns 12,387,607 shares of the bank’s stock valued at $783,613,000 after purchasing an additional 4,321,451 shares during the period. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 28th were issued a $0.6723 dividend. The ex-dividend date was Friday, March 28th. This represents a $2.69 dividend on an annualized basis and a yield of 4.02%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 48.03%.

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.