Canadian Imperial Bank of Commerce (CM) to Release 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 posted its quarterly earnings data on Thursday, November 30th. The company reported C$2.81 earnings per share for the quarter, topping the consensus estimate of C$2.62 by C$0.19. Canadian Imperial Bank of Commerce had a return on equity of 15.90% and a net margin of 27.27%. The business had revenue of C$4.27 billion during the quarter, compared to analysts’ expectations of C$4.19 billion.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$115.00 on Tuesday. Canadian Imperial Bank of Commerce has a 12-month low of C$103.84 and a 12-month high of C$124.37. The firm has a market capitalization of $50,880.00, a PE ratio of 10.20 and a beta of 0.72.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, December 28th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $5.20 annualized dividend and a dividend yield of 4.52%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 45.08%.

In related news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.

Several research firms recently weighed in on CM. National Bank Financial boosted their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Canaccord Genuity boosted their price objective on Canadian Imperial Bank of Commerce from C$126.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. CSFB boosted their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a research report on Friday, January 19th. Barclays boosted their price objective on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research report on Friday, December 1st. Finally, TD Securities boosted their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Canadian Imperial Bank of Commerce has an average rating of “Buy” and a consensus target price of C$128.40.

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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 for Canadian Imperial Bank of Commerce (TSE:CM)

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