Canadian Imperial Bank of Commerce (CM) to Release Earnings on Thursday

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $1.36 per share and revenue of $4.82 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Canadian Imperial Bank of Commerce Stock Up 0.4 %

NYSE:CM opened at $61.09 on Tuesday. The firm has a market capitalization of $57.57 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.05. Canadian Imperial Bank of Commerce has a twelve month low of $46.11 and a twelve month high of $67.45. The stock’s 50 day moving average price is $62.82 and its two-hundred day moving average price is $61.73. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 27th were issued a dividend of $0.6912 per share. The ex-dividend date was Friday, December 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.53%. Canadian Imperial Bank of Commerce’s payout ratio is presently 51.22%.

Analyst Ratings Changes

CM has been the topic of a number of recent analyst reports. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. StockNews.com upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus target price of $92.00.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.