Canadian Imperial Bank of Commerce (TSE:CM) – Equities researchers at Cormark raised their FY2016 earnings per share (EPS) estimates for shares of Canadian Imperial Bank of Commerce in a research report issued on Wednesday. Cormark analyst M. Grauman now expects that the brokerage will post earnings of $10.08 per share for the year, up from their prior forecast of $10.03. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s Q4 2016 earnings at $2.46 EPS, FY2017 earnings at $10.17 EPS and FY2018 earnings at $10.85 EPS.

Other equities research analysts have also issued research reports about the company. Desjardins lifted their price objective on Canadian Imperial Bank of Commerce from C$109.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 26th. TD Securities boosted their price target on Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 and gave the stock a “hold” rating in a research note on Friday, August 26th. National Bank Financial boosted their price target on Canadian Imperial Bank of Commerce from C$95.00 to C$98.00 and gave the stock an “underperform” rating in a research note on Friday, August 26th. Scotiabank boosted their price target on Canadian Imperial Bank of Commerce from C$102.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Friday, August 26th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$103.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 26th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and an average price target of C$105.23.

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

Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at 102.00 on Friday. Canadian Imperial Bank of Commerce has a 12-month low of $82.19 and a 12-month high of $104.97. The company has a 50 day moving average price of $100.41 and a 200 day moving average price of $100.71. The firm has a market cap of $40.27 billion and a PE ratio of 9.91.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, September 28th were issued a $1.21 dividend. The ex-dividend date of this dividend was Monday, September 26th. This represents a $4.84 annualized dividend and a yield of 4.75%.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

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