Canadian Imperial Bank of Commerce (CM) Scheduled to Post Quarterly Earnings on Thursday

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) is set to release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Canadian Imperial Bank of Commerce to post earnings of C$2.82 per share for the quarter.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, November 30th. The company reported C$2.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$2.62 by C$0.19. The business had revenue of C$4.27 billion for the quarter, compared to analyst estimates of C$4.19 billion. Canadian Imperial Bank of Commerce had a net margin of 27.27% and a return on equity of 15.90%.

Shares of Canadian Imperial Bank of Commerce (CM) opened at C$115.51 on Thursday. The firm has a market cap of $51,110.00, a P/E ratio of 10.25 and a beta of 0.72. Canadian Imperial Bank of Commerce has a twelve month low of C$103.84 and a twelve month high of C$124.37.

The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, December 28th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.08%.

In related news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.

A number of brokerages have recently commented on CM. Royal Bank of Canada increased their price target on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$138.00 in a report on Wednesday. Canaccord Genuity set a C$126.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, December 1st. CSFB increased their price target on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a report on Friday, January 19th. National Bank Financial increased their price target on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Finally, TD Securities increased their price target on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$127.90.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Earnings History for Canadian Imperial Bank of Commerce (TSE:CM)

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