Canadian Imperial Bank of Commerce (CM) Scheduled to Post Earnings on Wednesday

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Canadian Imperial Bank of Commerce to post earnings of C$3.06 per share for the quarter.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, February 28th. The company reported C$3.01 earnings per share for the quarter, missing the consensus estimate of C$3.12 by C($0.11). The company had revenue of C$4.57 billion for the quarter, compared to the consensus estimate of C$4.62 billion.

Shares of Canadian Imperial Bank of Commerce stock opened at C$109.78 on Wednesday. Canadian Imperial Bank of Commerce has a twelve month low of C$99.51 and a twelve month high of C$125.21. The firm has a market capitalization of $48.56 billion and a P/E ratio of 9.71.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 28th were paid a $1.40 dividend. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.60 annualized dividend and a dividend yield of 5.10%. Canadian Imperial Bank of Commerce’s payout ratio is currently 47.61%.

A number of analysts have commented on the stock. TD Securities cut their price target on shares of Canadian Imperial Bank of Commerce from C$140.00 to C$135.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. National Bank Financial cut their price target on shares of Canadian Imperial Bank of Commerce from C$122.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$128.40.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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Earnings History for Canadian Imperial Bank of Commerce (TSE:CM)

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