Canadian Imperial Bank of Commerce (TSE:CM) Issues Earnings Results

Canadian Imperial Bank of Commerce (TSE:CMGet Free Report) (NYSE:CM) released its quarterly earnings results on Thursday. The company reported C$2.54 EPS for the quarter, FiscalAI reports. The firm had revenue of C$8.01 billion for the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE CM opened at C$150.96 on Friday. The company’s 50 day simple moving average is C$145.42 and its 200 day simple moving average is C$134.05. Canadian Imperial Bank of Commerce has a fifty-two week low of C$91.94 and a fifty-two week high of C$162.12. The firm has a market capitalization of C$138.94 billion, a P/E ratio of 15.74, a P/E/G ratio of 3.03 and a beta of 1.30.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, March 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 41.50%.

Analyst Ratings Changes

A number of research firms have commented on CM. BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. TD Securities boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Jefferies Financial Group boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research report on Wednesday, May 20th. Raymond James Financial boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$148.50 to C$157.50 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Desjardins boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$152.86.

Check Out Our Latest Analysis on Canadian Imperial Bank of Commerce

About Canadian Imperial Bank of Commerce

(Get Free Report)

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.

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Earnings History for Canadian Imperial Bank of Commerce (TSE:CM)

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