Desjardins Has Pessimistic View of CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Desjardins cut their FY2026 EPS estimates for Canadian Imperial Bank of Commerce in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings of $5.80 per share for the year, down from their previous forecast of $5.82. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.49 per share.

Several other research firms have also weighed in on CM. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Imperial Bank of Commerce Trading Up 0.2 %

Shares of CM opened at $61.81 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. Canadian Imperial Bank of Commerce has a 52-week low of $43.86 and a 52-week high of $67.45. The firm has a market cap of $58.25 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.66 and a beta of 1.05. The business’s fifty day moving average is $63.82 and its 200-day moving average is $60.62.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were given a dividend of $0.6912 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Friday, December 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 51.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Canadian Imperial Bank of Commerce by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,161 shares of the bank’s stock valued at $255,000 after purchasing an additional 194 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in Canadian Imperial Bank of Commerce by 0.7% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 33,094 shares of the bank’s stock worth $2,092,000 after purchasing an additional 222 shares in the last quarter. PDS Planning Inc lifted its stake in Canadian Imperial Bank of Commerce by 4.7% in the third quarter. PDS Planning Inc now owns 4,978 shares of the bank’s stock valued at $305,000 after buying an additional 224 shares during the period. MML Investors Services LLC boosted its holdings in shares of Canadian Imperial Bank of Commerce by 0.5% during the 3rd quarter. MML Investors Services LLC now owns 44,008 shares of the bank’s stock worth $2,699,000 after buying an additional 237 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Canadian Imperial Bank of Commerce by 27.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,161 shares of the bank’s stock worth $73,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 49.88% 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.