Canadian Imperial Bank of Commerce (CM) is set to announce quarterly earnings on Thursday

Canadian Imperial Bank of Commerce (TSE:CM – Get Your Free Report ) (NYSE:CM) will report its quarterly earnings results before the market opens on Thursday, August 29th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $1.76 per share for the quarter.

Canadian Imperial Bank of Commerce (TSE:CM – Get Your Free Report ) (NYSE:CM) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.09. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.11 billion. Canadian Imperial Bank of Commerce had a return on equity of 11.92% and a net margin of 29.25%.

Canadian Imperial Bank of Commerce price performance

Canadian Imperial Bank of Commerce stock opened at $72.70 on Thursday. The stock has a market cap of $68.56 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12. The firm has a 50 day moving average of $68.20 and a two hundred day moving average of $66.58. Canadian Imperial Bank of Commerce has a 1 year low of $47.44 and a 1 year high of $73.04.

Canadian Imperial Bank of Commerce announces dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, June 28th were paid a $0.90 dividend. This represents a dividend of $3.60 on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Friday, June 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 54.96%.

Changes in Analyst Ratings

Several equities analysts have recently issued reports on CM shares. TD Securities boosted their price target on Canadian Imperial Bank of Commerce from $76.00 to $83.00 in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price objective on shares of Canadian Imperial Bank of Commerce from $68.00 to $69.00 and gave the company a “sector perform” rating in a report on Friday, May 31st. Keefe, Bruyette & Woods raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate-buy” rating in a report on Monday, June 3rd. Scotiabank upped their target price on shares of Canadian Imperial Bank of Commerce from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Jefferies Financial Group cut their price objective on Canadian Imperial Bank of Commerce from $79.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, August 12. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.79, according to MarketBeat.com.

Get the latest report on Canadian Imperial Bank of Commerce

Insiders place their bets

In other Canadian Imperial Bank of Commerce news, SVP John Hountalas sold 20,808 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $65.97, for a total transaction of $1,372,672.55. In related news, SVP John Hountalas sold 20,808 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $65.97, for a total value of $1,372,672.55. Also, COO Christina Charlotte Kramer sold 23,782 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $67.50, for a total transaction of $1,605,285.00. 0.02% of shares are currently held by company insiders.

Canadian Imperial Bank of Commerce Company Profile

(Get a free report)

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector and institutional customers in Canada, the United States and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US

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