Equities Analysts Set Expectations for Canadian Imperial Bank of Commerce’s Q4 2018 Earnings (CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – National Bank Financial issued their Q4 2018 earnings estimates for shares of Canadian Imperial Bank of Commerce in a report issued on Monday. National Bank Financial analyst G. Dechaine expects that the company will post earnings per share of $2.79 for the quarter. National Bank Financial has a “Outperform” rating and a $133.00 price objective on the stock.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data 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. Canadian Imperial Bank of Commerce had a net margin of 27.27% and a return on equity of 15.90%. The business had revenue of C$4.27 billion for the quarter, compared to analysts’ expectations of C$4.19 billion.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada raised their target price on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Friday, December 1st. Canaccord Genuity raised their target price on shares of Canadian Imperial Bank of Commerce from C$126.00 to C$131.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays raised shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “outperform” rating in a research note on Tuesday, December 19th. CSFB raised their target price on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Finally, Citigroup cut shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and raised their target price for the company from C$113.00 to C$120.00 in a research note on Wednesday, October 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Canadian Imperial Bank of Commerce has a consensus rating of “Buy” and a consensus price target of C$128.40.

Canadian Imperial Bank of Commerce (TSE CM) traded up C$1.10 during trading on Thursday, reaching C$117.57. 1,693,125 shares of the company’s stock traded hands, compared to its average volume of 1,392,951. The firm has a market cap of $51,530.00, a PE ratio of 10.41 and a beta of 0.72. Canadian Imperial Bank of Commerce has a 52-week low of C$103.84 and a 52-week high of C$124.37.

In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$119.55, for a total value of C$1,425,992.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Wednesday, March 28th will be paid a $1.33 dividend. This represents a $5.32 annualized dividend and a dividend yield of 4.52%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.30. Canadian Imperial Bank of Commerce’s payout ratio is currently 45.08%.

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About Canadian Imperial Bank of Commerce

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 and Estimates for Canadian Imperial Bank of Commerce (TSE:CM)

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