Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Equities researchers at National Bank Financial upped their Q3 2017 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $2.05 per share for the quarter, up from their previous estimate of $1.91. National Bank Financial currently has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s Q4 2017 earnings at $1.79 EPS, FY2017 earnings at $8.62 EPS, Q1 2018 earnings at $2.15 EPS, Q2 2018 earnings at $2.10 EPS and FY2018 earnings at $8.51 EPS.

A number of other research analysts also recently commented on the stock. BidaskClub raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Canaccord Genuity assumed coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus price target of $100.63.

TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for Canadian Imperial Bank of Commerce (CM) Raised by Analyst” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/21/q3-2017-eps-estimates-for-canadian-imperial-bank-of-commerce-cm-raised-by-analyst.html.

Shares of Canadian Imperial Bank of Commerce (NYSE CM) opened at 84.95 on Monday. The firm has a market capitalization of $34.12 billion, a PE ratio of 8.99 and a beta of 1.09. The stock has a 50 day moving average of $84.80 and a 200-day moving average of $84.00. Canadian Imperial Bank of Commerce has a 12 month low of $72.62 and a 12 month high of $92.22.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.9406 per share. The ex-dividend date was Monday, June 26th. This represents a $3.76 dividend on an annualized basis and a yield of 4.43%. Canadian Imperial Bank of Commerce’s payout ratio is presently 41.18%.

A number of large investors have recently made changes to their positions in the company. Strategic Global Advisors LLC purchased a new stake in shares of Canadian Imperial Bank of Commerce during the first quarter valued at about $400,000. Sprott Inc. bought a new position in shares of Canadian Imperial Bank of Commerce during the second quarter worth $1,128,000. TD Asset Management Inc. increased its position in shares of Canadian Imperial Bank of Commerce by 3.1% in the second quarter. TD Asset Management Inc. now owns 20,328,408 shares of the bank’s stock worth $1,649,658,000 after buying an additional 620,661 shares during the last quarter. ARP Americas LLC bought a new position in shares of Canadian Imperial Bank of Commerce during the first quarter worth $241,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Canadian Imperial Bank of Commerce during the first quarter worth $209,000. Hedge funds and other institutional investors own 48.46% of the company’s stock.

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.

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

Receive News & Stock Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related stocks with our FREE daily email newsletter.