Equities Analysts Set Expectations for CM FY2026 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at Cormark issued their FY2026 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 bank will post earnings per share of $5.92 for the year. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.27 per share.

A number of other brokerages also recently issued reports on CM. BMO Capital Markets boosted their price target on Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Desjardins upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 2nd. Bank of America upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a research report on Friday, August 30th. Finally, StockNews.com downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and an average target price of $81.00.

Canadian Imperial Bank of Commerce Stock Down 0.1 %

Shares of CM opened at $64.68 on Tuesday. The company has a market capitalization of $61.10 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.71 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 52 week low of $37.97 and a 52 week high of $65.89. The stock’s 50-day moving average price is $62.66 and its 200-day moving average price is $55.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings results on Thursday, August 29th. The bank reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.28 billion. Canadian Imperial Bank of Commerce had a return on equity of 13.50% and a net margin of 10.66%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its holdings in shares of Canadian Imperial Bank of Commerce by 17.9% during the second quarter. Toronto Dominion Bank now owns 25,941,777 shares of the bank’s stock worth $1,233,272,000 after buying an additional 3,942,894 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Canadian Imperial Bank of Commerce in the first quarter valued at approximately $1,278,000. Legal & General Group Plc grew its position in shares of Canadian Imperial Bank of Commerce by 3.3% in the second quarter. Legal & General Group Plc now owns 7,213,860 shares of the bank’s stock valued at $342,946,000 after purchasing an additional 228,130 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Canadian Imperial Bank of Commerce by 140.6% in the third quarter. Ritholtz Wealth Management now owns 14,308 shares of the bank’s stock valued at $878,000 after purchasing an additional 8,362 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Canadian Imperial Bank of Commerce by 3.4% during the third quarter. CIBC Asset Management Inc now owns 11,352,605 shares of the bank’s stock worth $696,659,000 after buying an additional 375,837 shares in the last quarter. Hedge funds and other institutional investors 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.