Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Cormark boosted their Q1 2018 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a report issued on Friday. Cormark analyst M. Grauman now anticipates that the company will post earnings of $2.88 per share for the quarter, up from their previous forecast of $2.82. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2018 earnings at $2.83 EPS, Q3 2018 earnings at $2.88 EPS, Q4 2018 earnings at $2.81 EPS, FY2018 earnings at $11.49 EPS, Q1 2019 earnings at $2.97 EPS, Q2 2019 earnings at $2.96 EPS, Q3 2019 earnings at $3.08 EPS, Q4 2019 earnings at $3.13 EPS and FY2019 earnings at $12.14 EPS.

CM has been the topic of several other reports. TD Securities boosted their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the company a “buy” rating in a research note on Friday. Citigroup downgraded shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and boosted their target price for the company from C$113.00 to C$120.00 in a research note on Wednesday, October 25th. Scotiabank boosted their target price on shares of Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Monday, August 21st. CSFB boosted 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. Finally, National Bank Financial boosted their price target on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus price target of C$124.92.

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

The firm 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. This represents a $5.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.28%.

TRADEMARK VIOLATION NOTICE: “Canadian Imperial Bank of Commerce (CM) to Post Q1 2018 Earnings of $2.88 Per Share, Cormark Forecasts” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/04/canadian-imperial-bank-of-commerce-cm-to-post-q1-2018-earnings-of-2-88-per-share-cormark-forecasts.html.

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

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.