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

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

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

Shares of Canadian Imperial Bank of Commerce (TSE CM) opened at C$114.85 on Wednesday. The stock has a market capitalization of $50,810.00, a PE ratio of 10.19 and a beta of 0.72. Canadian Imperial Bank of Commerce has a 12-month low of C$103.84 and a 12-month high of C$124.37.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Thursday, December 28th were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, December 27th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.53%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.08%.

A number of analysts have recently issued reports on CM shares. CSFB lifted their price target on Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a research report on Friday, January 19th. Scotiabank lifted their price target on Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research report on Friday, December 1st. Canaccord Genuity set a C$126.00 price objective on Canadian Imperial Bank of Commerce in a report on Friday, December 1st. Barclays raised their price objective on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a report on Friday, December 1st. Finally, Royal Bank of Canada raised their price objective on Canadian Imperial Bank of Commerce from C$136.00 to C$138.00 in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Canadian Imperial Bank of Commerce presently has a consensus rating of “Buy” and an average target price of C$128.40.

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

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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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