Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at Cormark cut their Q2 2019 earnings per share (EPS) estimates for shares of Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 15th. Cormark analyst M. Grauman now forecasts that the company will post earnings of $3.03 per share for the quarter, down from their prior estimate of $3.05. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2019 earnings at $12.54 EPS.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings results on Thursday, February 28th. The company reported C$3.01 EPS for the quarter, missing the consensus estimate of C$3.12 by C($0.11). The firm had revenue of C$4.57 billion for the quarter, compared to analyst estimates of C$4.62 billion.

Several other equities analysts have also commented on CM. Canaccord Genuity upped their price target on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$121.00 in a research report on Wednesday. TD Securities lowered their price target on shares of Canadian Imperial Bank of Commerce from C$140.00 to C$135.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, National Bank Financial lowered their price target on shares of Canadian Imperial Bank of Commerce from C$122.00 to C$120.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$128.10.

Canadian Imperial Bank of Commerce stock opened at C$110.04 on Thursday. The stock has a market cap of $48.56 billion and a PE ratio of 9.74. Canadian Imperial Bank of Commerce has a one year low of C$99.51 and a one year high of C$125.21.

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 28th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.36. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 47.61%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

Read More: How is inflation measured?

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.