Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at Desjardins issued their Q1 2018 earnings estimates for shares of Canadian Imperial Bank of Commerce in a research report issued on Thursday. Desjardins analyst D. Young anticipates that the company will post earnings of $2.77 per share for the quarter. Desjardins also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2018 earnings at $2.80 EPS, Q3 2018 earnings at $2.78 EPS, Q4 2018 earnings at $2.85 EPS and FY2019 earnings at $11.70 EPS.

CM has been the topic of several other research reports. Canaccord Genuity reiterated a “buy” rating and issued a C$116.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. BMO Capital Markets reiterated a “market perform” rating and issued a C$118.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. Barclays upped their price objective on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$110.00 in a research note on Friday, August 11th. TD Securities upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a C$120.00 price objective on the stock in a research note on Wednesday, September 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$124.92.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded down C$0.86 during trading hours on Monday, hitting C$120.34. 1,924,913 shares of the company traded hands, compared to its average volume of 1,350,944. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$122.56.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 28th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $5.20 annualized dividend and a dividend yield of 4.32%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 44.28%.

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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 (TSE:CM)

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