Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) – Desjardins’ equity researchers raised their fiscal 2010 earnings estimates for shares in the Canadian Imperial Bank of Commerce in a report released Thursday, February 25th. Desjardins analyst D. Young now predicts the bank will post earnings per share of $ 9.52 for the year, compared to their previous forecast of $ 9.09. Canada’s Imperial Bank of Commerce (NYSE: CM) (TSE: CM) last announced its results on Wednesday, February 24th. The bank reported earnings of $ 3.58 per share for the quarter, beating Zacks’ consensus estimate of $ 2.18 by $ 1.40. The Canadian Imperial Bank of Commerce achieved a return on equity of 12.03% and a net margin of 15.06%.
Several other stock analysts recently published reports on CM. BMO Capital Markets upgraded the Canadian Imperial Bank of Commerce from a “Market Perform” rating to an “Outperform” rating in a report on Friday. Credit Suisse Group raised its target price for the Canadian Imperial Bank of Commerce from USD 105.00 to USD 108.00 and rated the company as “underperform” in a report on Friday, December 4th. The Royal Bank of Canada upgraded the Canadian Imperial Bank of Commerce from a “Sector Performance” rating to an “Outperform” rating in a report on Friday, December 4th. CIBC raised its target price for the Canadian Imperial Bank of Commerce from USD 126.00 to USD 130.00 and rated the company as “Outperform” in a report on Friday. Finally, Barclays raised its target price for the Canadian Imperial Bank of Commerce from $ 124.00 to $ 128.00 and rated the stock as overweight in a report on Tuesday, February 16. One research analyst has rated the stock with a sell rating, three with a hold rating and nine with a buy rating. The company has an average rating of “Buy” and an average price target of $ 106.53.
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The Canadian Imperial Bank of Commerce stock opened at $ 92.17 on Monday. The company’s 50-day simple moving average is $ 88.74 and the company’s 200-day simple moving average is $ 82.23. The stock has a market capitalization of $ 41.28 billion, a price to earnings ratio of 15.13, a P / E of 1.97 and a beta of 1.12. The Canadian Imperial Bank of Commerce has a 12-month low of $ 46.45 and a 12-month high of $ 95.59. The company has a quick rate of 1.04, current rate of 1.04, and leverage ratio of 0.15.
Institutional investors recently increased or decreased their stake in the stock. Advisory Alpha LLC bought a new position in the Canadian Imperial Bank of Commerce worth $ 38,000 in the third quarter. International Assets Investment Management LLC acquired a new stake in the Canadian Imperial Bank of Commerce worth $ 38,000 in the fourth quarter. Reby Advisors LLC acquired a new stake in the Canadian Imperial Bank of Commerce worth $ 41,000 in the fourth quarter. McIlrath & Eck LLC acquired a new stake in the Canadian Imperial Bank of Commerce worth $ 44,000 in the third quarter. Ultimately, Mirova acquired a new stake in the Canadian Imperial Bank of Commerce worth $ 49,000 in the third quarter. 42.62% of the shares are owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. On Monday, March 29th, registered investors will be paid a dividend of $ 1.1669. The ex-dividend date of this dividend is Friday March 26th. This equates to an annual dividend of $ 4.67 and a yield of 5.06%. This is an increase over the previous quarterly dividend from the Canadian Imperial Bank of Commerce of $ 1.10. The Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 62.27%.
Via the Canadian Imperial Bank of Commerce
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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8 stocks Robinhood investors got right
The online investment app Robinhood was a clear pandemic winner. With more Americans forced to work from home, many decided to test their investment skills by trading stocks. Robinhood appeals to millennial and / or inexperienced investors for a number of reasons. First, the app is fun. You could say it’s “gamefies” stock trading. In commission-free trades, investors have an incentive to trade frequently. And many users of the app do just that.
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