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 issue its quarterly earnings data 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 released its earnings results on Thursday, November 30th. The company reported C$2.81 earnings per share 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 for the quarter, compared to analysts’ expectations 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%.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$115.51 on Thursday. The firm has a market cap of $51,110.00, a PE ratio of 10.25 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.

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

CM has been the topic of a number of research analyst reports. CSFB boosted their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a research note on Friday, January 19th. Scotiabank boosted their target price on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research note on Friday, December 1st. Canaccord Genuity set a C$126.00 target price on shares of Canadian Imperial Bank of Commerce in a research note on Friday, December 1st. Barclays boosted their target price on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research note on Friday, December 1st. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$138.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$127.90.

In related news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the company’s 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 transaction of C$1,425,992.40.

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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 for Canadian Imperial Bank of Commerce (TSE:CM)

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