What is Cormark’s Forecast for TSE:CM Q4 Earnings?

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Stock analysts at Cormark issued their Q4 2024 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a note issued to investors on Monday, November 25th. Cormark analyst L. Persaud forecasts that the company will post earnings per share of $1.80 for the quarter. Cormark has a “Buy” rating and a $83.00 price objective on the stock. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $6.41 per share. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2025 earnings at $7.67 EPS.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data on Thursday, August 29th. The company reported C$1.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.75 by C$0.18. The business had revenue of C$6.60 billion for the quarter, compared to analysts’ expectations of C$6.31 billion. Canadian Imperial Bank of Commerce had a net margin of 29.56% and a return on equity of 12.37%.

Other analysts have also recently issued reports about the company. Desjardins raised their target price on Canadian Imperial Bank of Commerce from C$77.00 to C$83.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Bank of America raised Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating and raised their price target for the company from C$74.00 to C$90.00 in a report on Friday, August 30th. TD Securities increased their target price on shares of Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research report on Friday, November 15th. Scotiabank raised their target price on shares of Canadian Imperial Bank of Commerce from C$85.00 to C$108.00 in a research note on Monday. Finally, Jefferies Financial Group reduced their price target on shares of Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$87.17.

Canadian Imperial Bank of Commerce Trading Down 0.4 %

Shares of TSE:CM opened at C$91.06 on Wednesday. The firm’s 50 day moving average is C$86.05 and its two-hundred day moving average is C$75.02. The firm has a market capitalization of C$86.05 billion, a P/E ratio of 13.18, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52 week low of C$51.60 and a 52 week high of C$92.17.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Friday, September 27th were issued a $0.90 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 3.95%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 52.10%.

Insider Activity

In other Canadian Imperial Bank of Commerce news, Director Harry Kenneth Culham sold 800 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of C$83.20, for a total transaction of C$66,560.00. Also, Senior Officer Sandy Sharman sold 2,275 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$83.04, for a total transaction of C$188,916.00. In the last 90 days, insiders sold 203,057 shares of company stock worth $16,823,249. Insiders own 0.02% of the company’s stock.

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.