Canadian Imperial Bank of Commerce (CM) Set to Announce Earnings on Thursday

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) will release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $2.23 per share for the quarter.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its earnings results on Thursday, November 30th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.20. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.29 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.57% and a net margin of 22.45%. On average, analysts expect Canadian Imperial Bank of Commerce to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at $92.40 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $40,900.00, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10. Canadian Imperial Bank of Commerce has a 12 month low of $77.20 and a 12 month high of $100.01.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Thursday, December 28th were paid a dividend of $1.011 per share. This represents a $4.04 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Wednesday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is currently 47.15%.

Several brokerages have weighed in on CM. Zacks Investment Research downgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research report on Tuesday, December 19th. Credit Suisse Group upgraded Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $125.00 in a research report on Friday, December 1st. Canaccord Genuity reiterated a “buy” rating and set a $121.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, November 30th. Finally, Scotiabank reiterated a “hold” rating and set a $128.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $114.00.

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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 (NYSE:CM)

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