Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at Desjardins issued their Q1 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a report released on Thursday. Desjardins analyst D. Young anticipates that the company will post earnings of $2.77 per share for the quarter. Desjardins also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2018 earnings at $2.80 EPS, Q3 2018 earnings at $2.78 EPS, Q4 2018 earnings at $2.85 EPS and FY2019 earnings at $11.70 EPS.

Other equities research analysts also recently issued research reports about the company. National Bank Financial lifted their target price on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday. Barclays lifted their target price on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research report on Friday. BMO Capital Markets restated a “market perform” rating and issued a C$118.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Friday, August 25th. TD Securities lifted their target price on Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the company a “buy” rating in a research report on Friday. Finally, Canaccord Genuity set a C$126.00 target price on Canadian Imperial Bank of Commerce in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$124.92.

Shares of Canadian Imperial Bank of Commerce (CM) opened at C$121.20 on Monday. Canadian Imperial Bank of Commerce has a 1 year low of C$103.84 and a 1 year high of C$121.41.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 28th will be issued a $1.30 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.28%.

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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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