Canadian Imperial Commercial Bank (CM.TO) (TSE: CM) (NYSE: CM) decided on a quarterly dividend on Thursday, February 25th, RTT News reports. Shareholders of record on Monday March 29th will receive a dividend of 1.46 per share on Wednesday April 28th. This equates to a dividend of $ 5.84 on an annual basis and a yield of 4.96%.
CM was trading at C $ 0.15 at noon on Thursday to hit C $ 117.69. 682,643 shares of the company were exchanged, compared with an average volume of 1,716,705. The company has a market capitalization of $ 52.62 billion and a value for money of 14.34. The Canadian Imperial Bank of Commerce has an annual low of $ 67.52 and an annual low of $ 119.31. The company has a 50-day simple moving average of $ 112.58 and a 200-day simple moving average of $ 106.41.
The Canadian Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) last released its quarterly results on Thursday, December 3rd. The company reported earnings per share for the quarter of $ 2.79, beating Zacks’ consensus estimate of $ 2.48 by $ 0.31. The company posted revenue of $ 4.60 billion for the quarter, compared to the consensus estimate of $ 4.66 billion. Analysts assume that the Canadian Imperial Bank of Commerce will report an EPS of 11.8500002 for the current financial year.
Several brokers have recently commented on CM. TD Securities downgraded Canada’s Imperial Bank of Commerce (CM.TO) from a “Action List Buy” rating to a “Buy” rating and raised its price target on the stock from 120 in a report on Monday, Nov. 23 C $ .00 to C $ 125.00. Canaccord Genuity raised its target price for the Canadian Imperial Bank of Commerce (CM.TO) from C $ 122.00 to C $ 124.50 in a report on Friday, February 19. Fundamental Research raised the target price for the Canadian Imperial Bank of Commerce (CM.TO) from $ 108.25 to $ 117.46 and gave the stock a “Buy” rating in a report on Tuesday, December 8th. Scotiabank raised its target price for the Canadian Imperial Bank of Commerce (CM.TO) from C $ 112.00 to C $ 139.00 in a report on Monday, November 23rd. Finally, the Royal Bank of Canada upgraded Canada’s Imperial Bank of Commerce (CM.TO) from a “Sector Performance” rating to an “Outperform” rating in a report on Monday and raised its share price target of C $ 110.00 increased to C $ 130.00. December 7th. One analyst has given the stock a hold rating and four have given the company’s stock a buy rating. The company has a consensus rating of “Buy” and an average price target of $ 119.50.
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Canadian Imperial Bank of Commerce (CM.TO) company profile
The Canadian Imperial Bank of Commerce, a diversified financial institution, offers a variety of financial products and services to retail, business, public, and institutional clients in Canada, the United States, and internationally. The company operates in four strategic businesses: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US
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7 Infrastructure Assets That Can Help Rebuild America
Despite their differences (real or imaginary) about almost anything, Democrats and Republicans love infrastructure projects. These are easy wins for the leaders of Congress seeking re-election. And they usually encourage job creation, which contributes to economic growth.
With that in mind, it is ironic that the United States Congress has not passed an infrastructure bill in the past four years.
Despite (and perhaps because of) the stalemate that appears to lie in the country’s future, infrastructure seems to be at the forefront again. The economic recovery is far from over. Unfortunately, America’s roads, power grid, telecommunications systems, and the like aren’t either. This means that it would be good policy for a Biden administration to check an infrastructure bill.
Biden will be under pressure to support the $ 1.5 trillion infrastructure package that the Democratic-controlled House of Representatives passed in July. However, the package may need some adjustment as it currently contains climate change initiatives that have prevented the Senate bill from advancing.
However, it seems that the economy is going to need some significant juice after everything this winter brings on the virus. And if calmer minds prevail (we can always hope), there may be a major infrastructure bill to encourage job creation. And we’ve identified seven stocks to watch out for if this happens.
Check out the “7 Infrastructure Assets That Can Help Rebuild America”.