Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM is scheduled to release its earnings data before the market opens on Thursday, December 5th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of C$1.75 per share for the quarter.
Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last released its quarterly earnings results on Thursday, August 29th. The company reported C$1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.75 by C$0.18. Canadian Imperial Bank of Commerce had a return on equity of 12.37% and a net margin of 29.56%. The company had revenue of C$6.60 billion during the quarter, compared to the consensus estimate of C$6.31 billion.
Canadian Imperial Bank of Commerce Price Performance
Shares of CM stock traded down C$0.28 during trading on Thursday, reaching C$90.42. The company had a trading volume of 1,697,882 shares, compared to its average volume of 3,670,831. The firm's 50 day simple moving average is C$86.21 and its two-hundred day simple moving average is C$75.20. Canadian Imperial Bank of Commerce has a one year low of C$52.48 and a one year high of C$92.17. The company has a market capitalization of C$85.44 billion, a PE ratio of 13.13, a PEG ratio of 3.03 and a beta of 1.12.
Canadian Imperial Bank of Commerce Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Imperial Bank of Commerce's dividend payout ratio is 52.10%.
Analysts Set New Price Targets
CM has been the subject of several recent analyst reports. Barclays increased their target price on Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an "underweight" rating in a research note on Friday, August 30th. Cormark upgraded shares of Canadian Imperial Bank of Commerce from a "market perform" rating to a "buy" rating and raised their price objective for the stock from C$75.00 to C$83.00 in a research note on Friday, August 30th. Canaccord Genuity Group upped their target price on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$92.00 in a research note on Tuesday, November 19th. BMO Capital Markets raised their price target on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research report on Monday, November 18th. Finally, Jefferies Financial Group reduced their target price on shares of Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a "buy" rating for the company in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$87.17.
Check Out Our Latest Stock Report on Canadian Imperial Bank of Commerce
Insider Activity at Canadian Imperial Bank of Commerce
In other news, Senior Officer Hratch Dikran Panossian sold 5,530 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$79.89, for a total transaction of C$441,791.70. Also, Director Harry Kenneth Culham sold 50,000 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$81.87, for a total value of C$4,093,500.00. Insiders sold 203,057 shares of company stock valued at $16,823,249 in the last ninety days. Insiders own 0.02% of the company's stock.
Canadian Imperial Bank of Commerce Company Profile
(
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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.
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