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

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $1.36 per share and revenue of $4.85 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Canadian Imperial Bank of Commerce Trading Down 1.0 %

Shares of Canadian Imperial Bank of Commerce stock traded down $0.64 during midday trading on Friday, reaching $60.98. The company had a trading volume of 250,364 shares, compared to its average volume of 986,221. The stock has a fifty day moving average price of $63.02 and a 200 day moving average price of $61.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $57.47 billion, a PE ratio of 11.40, a P/E/G ratio of 1.63 and a beta of 1.05. Canadian Imperial Bank of Commerce has a fifty-two week low of $46.11 and a fifty-two week high of $67.45.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were paid a $0.6912 dividend. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.65. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, December 27th. Canadian Imperial Bank of Commerce's payout ratio is currently 51.22%.

Analyst Upgrades and Downgrades

CM has been the subject of a number of research analyst reports. StockNews.com upgraded Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada upgraded Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $92.00.

About Canadian Imperial Bank of Commerce

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