National Bank Financial Has Negative View of CM Q3 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Analysts at National Bank Financial dropped their Q3 2025 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Thursday, May 15th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $1.35 per share for the quarter, down from their previous estimate of $1.36. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.50 per share.

Several other brokerages also recently commented on CM. Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. StockNews.com upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, Scotiabank initiated coverage on Canadian Imperial Bank of Commerce in a research note on Thursday. They issued a “sector outperform” rating for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of NYSE CM opened at $66.27 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. Canadian Imperial Bank of Commerce has a 12 month low of $46.99 and a 12 month high of $67.45. The stock has a 50 day moving average of $59.39 and a 200-day moving average of $61.72. The company has a market capitalization of $62.30 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.62 and a beta of 1.06.

Canadian Imperial Bank of Commerce Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were issued a dividend of $0.6723 per share. This represents a $2.69 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Friday, March 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 48.03%.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Canadian Imperial Bank of Commerce by 1.6% during the first quarter. Vanguard Group Inc. now owns 40,028,162 shares of the bank’s stock worth $2,251,664,000 after buying an additional 642,924 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Canadian Imperial Bank of Commerce by 3.7% in the fourth quarter. TD Asset Management Inc. now owns 23,600,495 shares of the bank’s stock worth $1,492,138,000 after purchasing an additional 851,164 shares during the period. Toronto Dominion Bank raised its stake in Canadian Imperial Bank of Commerce by 1.1% in the fourth quarter. Toronto Dominion Bank now owns 22,138,015 shares of the bank’s stock valued at $1,398,619,000 after purchasing an additional 234,088 shares in the last quarter. Bank of Nova Scotia raised its stake in Canadian Imperial Bank of Commerce by 4.5% in the first quarter. Bank of Nova Scotia now owns 17,967,436 shares of the bank’s stock valued at $1,010,849,000 after purchasing an additional 773,174 shares in the last quarter. Finally, FIL Ltd lifted its position in Canadian Imperial Bank of Commerce by 53.6% during the fourth quarter. FIL Ltd now owns 12,387,607 shares of the bank’s stock worth $783,613,000 after purchasing an additional 4,321,451 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.