Canadian Imperial Bank of Commerce Forecasted to Post Q1 2017 Earnings of $2.60 Per Share (CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Equities researchers at Cormark dropped their Q1 2017 EPS estimates for Canadian Imperial Bank of Commerce in a note issued to investors on Monday. Cormark analyst M. Grauman now expects that the firm will post earnings per share of $2.60 for the quarter, down from their previous forecast of $2.61.

A number of other brokerages have also commented on CM. National Bank Financial lowered their price target on Canadian Imperial Bank of Commerce from C$103.00 to C$98.00 in a report on Friday, December 2nd. Keefe, Bruyette & Woods lowered their price target on Canadian Imperial Bank of Commerce from C$104.00 to C$97.00 in a report on Monday, December 5th. RBC Capital Markets raised their price target on Canadian Imperial Bank of Commerce from C$110.00 to C$112.00 in a report on Friday, December 2nd. Canaccord Genuity raised their price target on Canadian Imperial Bank of Commerce from C$111.00 to C$115.00 in a report on Friday, January 13th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$105.00 target price on shares of Canadian Imperial Bank of Commerce in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Canadian Imperial Bank of Commerce currently has a consensus rating of “Hold” and a consensus price target of C$111.54.

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

“Canadian Imperial Bank of Commerce Forecasted to Post Q1 2017 Earnings of $2.60 Per Share (CM)” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international copyright and trademark laws. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/canadian-imperial-bank-of-commerce-forecasted-to-post-q1-2017-earnings-of-2-60-per-share-cm/434955.html.

Canadian Imperial Bank of Commerce (TSE:CM) opened at 115.81 on Wednesday. Canadian Imperial Bank of Commerce has a one year low of $84.30 and a one year high of $116.00. The stock’s 50 day moving average is $111.80 and its 200 day moving average is $105.00. The stock has a market capitalization of $46.01 billion and a price-to-earnings ratio of 10.82.

The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Wednesday, December 28th were paid a $1.24 dividend. The ex-dividend date was Friday, December 23rd. This represents a $4.96 dividend on an annualized basis and a yield of 4.28%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.21.

“Canadian Imperial Bank of Commerce Forecasted to Post Q1 2017 Earnings of $2.60 Per Share (CM)” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international copyright and trademark laws. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/canadian-imperial-bank-of-commerce-forecasted-to-post-q1-2017-earnings-of-2-60-per-share-cm/434955.html.

About Canadian Imperial Bank of Commerce

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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