The Canadian Imperial Financial institution of Commerce (CM.TO) (CM) launched its quarterly outcomes on Thursday
Canada’s Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) will release earnings data before the market opens on Thursday, February 25th. Analysts expect the Canadian Imperial Bank of Commerce (CM.TO) to generate earnings of $ 2.77 per share for the quarter.
The Canadian Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) last released its results on Thursday, December 3rd. The company reported earnings per share for the quarter of $ 2.79, beating Thomson Reuters’ consensus estimate of $ 2.48 by $ 0.31. The company had sales of $ 4.60 billion for the quarter, compared to analyst estimates of $ 4.66 billion.
CM shares opened at $ 114.76 on Friday. The company has a market capitalization of $ 51.31 billion and a value for money of 13.96. The Canadian Imperial Bank of Commerce has an annual low of $ 67.52 and an annual low of $ 115.15. The company has a 50-day moving average price of $ 111.93 and a 200-day moving average price of $ 105.87.
The company recently announced a quarterly dividend, which was paid on Thursday, January 28th. On Tuesday, December 29th, a dividend of $ 1.46 per share was paid to shareholders of record. The ex-dividend day was Thursday, December 24th. This equates to an annualized dividend of $ 5.84 and a yield of 5.09%. The payout ratio of the Canadian Imperial Bank of Commerce (CM.TO) is currently 70.80%.
Several equity analysts recently commented on the company. Scotiabank raised its target price for the Canadian Imperial Bank of Commerce (CM.TO) in a research report on Monday, November 23, from C $ 112.00 to C $ 139.00. Fundamental Research raised its target price on shares of the Canadian Imperial Bank of Commerce (CM.TO) from CAD 108.25 to CAD 117.46 and rated the share as a “Buy” in a research report on Tuesday, December 8th. Credit Suisse Group raised its target price for shares in the Canadian Imperial Bank of Commerce (CM.TO) from C $ 105.00 to C $ 108.00 in a report on Friday, December 4th. BMO Capital Markets raised its target price on shares of the Canadian Imperial Bank of Commerce (CM.TO) from C $ 118.00 to C $ 124.00 in a report on Friday, December 4th. Finally, National Bank Financial raised its target price for the Canadian Imperial Bank of Commerce (CM.TO) from C $ 124.00 to C $ 126.00 and rated the company in a research note on Friday with “na”. One research analyst has rated the stock with a hold rating and four with a buy rating. The stock currently has an average rating of “Buy” and a consensus target of $ 119.50.
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Canadian Imperial Bank of Commerce (CM.TO) company profile
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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