Canadian Imperial Bank of Commerce (CM.TO) reports earnings of $ 2.67 per share for the third quarter of 2021, Desjardins Forecasts (TSE: CM)
Canadian Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) – Desjardins equity researchers have released their earnings per share estimates for Q3 2021 for shares in Canadian Imperial Bank of Commerce (CM.TO) published in a Research Note issued on Thursday, February 25th. Desjardins analyst D. Young expects the company to earn $ 2.67 per share for the quarter. Desjardins also announced estimates of earnings for the Canadian Imperial Bank of Commerce (CM.TO) for the fourth quarter of 2021 at $ 2.83 per share and for fiscal year 2222 at $ 11.90 per share. 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 of $ 2.79 per share for the quarter, beating Zacks’ consensus estimate of $ 2.48 by $ 0.31. The company had revenue of $ 4.60 billion for the quarter, compared to analyst estimates of $ 4.66 billion.
Recently, several other research analysts also commented on the stock. BMO Capital Markets raised the shares of the Canadian Imperial Bank of Commerce (CM.TO) from a “Market Perform” rating to an “Outperform” rating in a report on Friday, with a price target of C $ 124.00 for the share raised to C $ 130.00. The Royal Bank of Canada raised its target price for shares in the Canadian Imperial Bank of Commerce (CM.TO) from C $ 130.00 to C $ 141.00 and rated the share as “Outperform” in a research note on Friday. TD Securities raised its price target for shares in the Canadian Imperial Bank of Commerce (CM.TO) from C $ 125.00 to C $ 130.00 and rated the share as “Buy” in a research note on Friday. Scotiabank raised its target price for shares of the Canadian Imperial Bank of Commerce (CM.TO) in a research note on Friday from C $ 139.00 to C $ 144.00. Finally, in a research note on Friday, Canaccord Genuity raised its target price for shares in the Canadian Imperial Bank of Commerce (CM.TO) from CAD 124.50 to CAD 131.00. Six research analysts for stocks have given the stock a buy rating, the Canadian Imperial Bank of Commerce (CM.TO) has an average rating of “Buy” and an average price target of CAD 124.25.
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TSE CM’s shares opened on Monday at a price of $ 117.33. The Canadian Imperial Bank of Commerce has a twelve-month low of $ 67.52 and a twelve-month high of $ 119.31. The company has a market capitalization of $ 52.46 billion and a value for money of 14.27. The company has a 50-day moving average of $ 112.84 and a two-hundred-day moving average of $ 106.64.
The company recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Monday March 29th will receive a dividend of $ 1.46 per share. This equates to an annual dividend of $ 5.84 and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday March 26th. The payout ratio (DPR) of the Canadian Imperial Bank of Commerce (CM.TO) is currently 71.05%.
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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