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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Investment analysts at Cormark issued their Q4 2024 earnings estimates for Canadian Imperial Bank of Commerce in a research note issued on Monday, November 25th. Cormark analyst L. Persaud anticipates that the company will post earnings of $1.80 per share for the quarter. Cormark has a “Buy” rating and a $83.00 price target 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.

CM has been the topic of several other research reports. Royal Bank of Canada raised their price target on Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. Barclays lifted their target price on shares of Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an “underweight” rating in a research report on Friday, August 30th. Desjardins boosted their price target on shares of Canadian Imperial Bank of Commerce from C$77.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Jefferies Financial Group lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Bank of America upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$74.00 to C$90.00 in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$87.17.

Canadian Imperial Bank of Commerce Stock Performance

TSE:CM opened at C$90.42 on Wednesday. Canadian Imperial Bank of Commerce has a 52-week low of C$52.48 and a 52-week high of C$92.17. The stock has a fifty day moving average of C$86.36 and a 200 day moving average of C$75.37. The firm has a market capitalization of C$85.44 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 3.03 and a beta of 1.12.

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

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 52.10%.

Insider Activity

In other Canadian Imperial Bank of Commerce news, Director Harry Kenneth Culham sold 800 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$83.20, for a total value of C$66,560.00. Also, Senior Officer Christina Charlotte Kramer sold 37,022 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$83.40, for a total transaction of C$3,087,634.80. In the last quarter, insiders sold 203,057 shares of company stock valued at $16,823,249. Insiders own 0.02% of the company’s stock.

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.