Cormark Has Strong Estimate for CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Investment analysts at Cormark raised their FY2026 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $6.14 for the year, up from their prior forecast 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 $5.49 per share.

CM has been the subject of a number of other research reports. 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, August 30th. BMO Capital Markets increased their target price 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. StockNews.com raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $97.00 price objective (up from $74.00) on shares of Canadian Imperial Bank of Commerce in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.00.

Canadian Imperial Bank of Commerce Price Performance

CM stock opened at $66.22 on Monday. 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 capitalization of $62.55 billion, a P/E ratio of 12.38, a PEG ratio of 1.76 and a beta of 1.06. The business has a 50 day simple moving average of $63.19 and a 200-day simple moving average of $56.29. Canadian Imperial Bank of Commerce has a twelve month low of $42.59 and a twelve month high of $67.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Ridgewood Investments LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $29,000. BNP Paribas Financial Markets purchased a new stake in Canadian Imperial Bank of Commerce during the third quarter worth about $44,000. Blue Trust Inc. grew its position in Canadian Imperial Bank of Commerce by 571.6% during the third quarter. Blue Trust Inc. now owns 732 shares of the bank’s stock worth $45,000 after buying an additional 623 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Canadian Imperial Bank of Commerce by 23.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the bank’s stock valued at $56,000 after buying an additional 171 shares in the last quarter. Finally, City State Bank acquired a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter valued at approximately $61,000. Hedge funds and other institutional investors own 49.88% of the company’s stock.

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 paid a dividend of $0.6912 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 49.91%.

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.