Analysts expect Canadian Imperial Bank of Commerce (NYSE: CM) to post earnings of $ 2.78 per share

Analysts expect the Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) to report earnings per share (EPS) of $ 2.78 for the current quarter, according to Zacks Investment Research. Zero analysts have provided earnings estimates for the Canadian Imperial Bank of Commerce. The lowest EPS estimate is $ 2.65 and the highest is $ 2.88. The Canadian Imperial Bank of Commerce also reported earnings of $ 2.78 per share for the same quarter last year. The company is expected to announce its next quarterly earnings report on Thursday, February 24.

According to Zacks, analysts expect the Canadian Imperial Bank of Commerce to report annual earnings of $ 11.28 per share for the current year, with EPS estimates ranging from $ 10.64 to $ 11.93. For the next fiscal year, analysts predict the company will post earnings of $ 11.63 per share, with EPS estimates ranging from $ 11.30 to $ 12.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage to the Canadian Imperial Bank of Commerce.

The Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) last reported its results on Thursday, December 2. The bank reported earnings of $ 3.37 per share for the quarter, beating the Thomson Reuters consensus estimate of $ 2.80 per $ 0.57. The Canadian Imperial Bank of Commerce had a return on equity of 16.57% and a net margin of 27.61%. The company posted revenue of $ 5.06 billion in the quarter, compared to $ 5.10 billion expected by analysts. In the same quarter of last year, the company posted earnings per share of $ 2.79. The company’s quarterly revenue grew 10.1% year-over-year.

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CM has been the subject of a number of recent analyst reports. CIBC lowered its price target on Canadian Imperial Bank of Commerce from C $ 168.00 to C $ 165 and established an “outperformance” rating for the company in a research report released on Friday, December 3. Zacks Investment Research downgraded the Canadian Imperial Bank of Commerce from a “custody” rating to a “buy” rating and set a price target of $ 122.00 for the company in a research note on Monday. December 6. Royal Bank of Canada increased its price target on Canadian Imperial Bank of Commerce from $ 158.00 to $ 169.00 and assigned the stock an “outperformance” rating in a research note on Friday, December 3. . Finally, Canaccord Genuity lowered its price target on Canadian Imperial Bank of Commerce from $ 163.00 to $ 161.00 and established a “buy” rating for the company in a research note on Friday, December 3. Two analysts rated the stock with a conservation rating and nine issued a buy rating for the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $ 157.70.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in CM. Natixis Advisors LP increased its holdings of Canadian Imperial Bank of Commerce shares by 6.6% during the second quarter. Natixis Advisors LP now owns 18,725 shares of the bank valued at $ 2,132,000 after purchasing 1,153 additional shares during the last quarter. JPMorgan Chase & Co. increased its holdings of Canadian Imperial Bank of Commerce shares by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 2,089,237 shares of the bank valued at $ 237,881,000 after purchasing an additional 67,502 shares in the last quarter. Cidel Asset Management Inc. increased its holdings of Canadian Imperial Bank of Commerce shares by 15.4% during the second quarter. Cidel Asset Management Inc. now owns 565,107 shares of the bank valued at $ 64,396,000 after purchasing an additional 75,492 shares during the last quarter. Advisory Services Network LLC increased its holdings of Canadian Imperial Bank of Commerce shares by 9.1% in the second quarter. Advisory Services Network LLC now owns 11,278 shares of the bank valued at $ 1,284,000 after purchasing an additional 945 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings of Canadian Imperial Bank of Commerce shares by 6.8% during the second quarter. Quadrant Capital Group LLC now owns 2,014 shares of the bank valued at $ 229,000 after purchasing 128 additional shares in the last quarter. 42.89% of the shares are currently held by hedge funds and other institutional investors.

NYSE: CM shares traded up $ 0.85 on Friday at noon, reaching $ 116.56. The company had a trading volume of 306,205 shares, compared to its average volume of 490,243. The company has a leverage ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. . The Canadian Imperial Bank of Commerce has a one-year minimum at $ 83.93 and a one-year maximum at $ 123.13. The company has a market cap of $ 52.55 billion, a price / earnings ratio of 10.52, a price / earnings-growth ratio of 2.66, and a beta of 1.12. The company has a fifty-day simple moving average of $ 116.15 and a two-hundred-day simple moving average of $ 115.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 28. Shareholders of record on Wednesday, December 29 will receive a dividend of $ 1.26. The ex-dividend date is Tuesday, December 28. This represents a dividend of $ 5.04 on an annualized basis and a return of 4.32%. This is a positive change from the previous quarterly dividend of $ 1.16 from the Canadian Imperial Bank of Commerce. The dividend payout ratio (DPR) of the Canadian Imperial Bank of Commerce is 45.49%.

Canadian Imperial Bank of Commerce Corporate Profile

The Canadian Imperial Bank of Commerce is a financial institution that provides banking and wealth management services. It operates in the following segments: Personal and Small Business Banking in Canada, Commercial Banking in Canada and Wealth Management, Commercial Banking and Wealth Management in the United States, Capital Markets and Corporate and Others.

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Canadian Imperial Bank of Commerce (NYSE: CM) Profit History and Estimates

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