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

Canadian Imperial Bank of Commerce (TSE:CMGet Rating) (NYSE:CM) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, December 1st. Analysts expect the company to announce earnings of C$1.76 per share for the quarter.

Canadian Imperial Bank of Commerce (TSE:CMGet Rating) (NYSE:CM) last announced its quarterly earnings data on Thursday, August 25th. The company reported C$1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.80 by C$0.05. The company had revenue of C$5.57 billion during the quarter, compared to analysts’ expectations of C$5.47 billion.

Canadian Imperial Bank of Commerce Stock Up 0.7 %

CM stock opened at C$64.74 on Thursday. The business has a 50 day moving average price of C$61.31 and a 200 day moving average price of C$66.38. The stock has a market cap of C$58.57 billion and a price-to-earnings ratio of 9.30. Canadian Imperial Bank of Commerce has a fifty-two week low of C$55.35 and a fifty-two week high of C$83.75.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 28th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Tuesday, September 27th. Canadian Imperial Bank of Commerce’s payout ratio is 45.55%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Canadian Imperial Bank of Commerce from C$72.00 to C$69.00 in a research note on Friday, November 18th. Scotiabank reduced their price objective on Canadian Imperial Bank of Commerce from C$83.00 to C$75.00 in a research note on Tuesday. Cormark cut Canadian Imperial Bank of Commerce from a “buy” rating to a “market perform” rating in a research note on Tuesday. Barclays reduced their price objective on Canadian Imperial Bank of Commerce from C$74.00 to C$69.00 in a research note on Monday, August 15th. Finally, BMO Capital Markets reduced their price objective on Canadian Imperial Bank of Commerce from C$83.00 to C$76.00 in a research note on Friday, September 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$94.43.

Canadian Imperial Bank of Commerce Company Profile

(Get Rating)

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 Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

Recommended Stories

Earnings History 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.