Equities analysts expect that Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) will announce $2.25 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Canadian Imperial Bank of Commerce’s earnings, with estimates ranging from $2.20 to $2.32. Canadian Imperial Bank of Commerce also posted earnings of $2.25 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, November 29th.

According to Zacks, analysts expect that Canadian Imperial Bank of Commerce will report full-year earnings of $9.32 per share for the current year, with EPS estimates ranging from $9.24 to $9.41. For the next year, analysts expect that the company will report earnings of $9.67 per share, with EPS estimates ranging from $9.49 to $9.82. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings results on Thursday, August 23rd. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.86. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. Canadian Imperial Bank of Commerce had a net margin of 21.27% and a return on equity of 17.77%. During the same quarter last year, the firm earned $2.77 EPS.

CM has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Canadian Imperial Bank of Commerce from a “b-” rating to a “c+” rating in a report on Wednesday, October 10th. ValuEngine downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Barclays restated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and a consensus price target of $123.00.

Shares of NYSE CM traded down $0.66 during midday trading on Monday, reaching $86.17. 353,381 shares of the stock were exchanged, compared to its average volume of 369,281. The company has a market capitalization of $38.41 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.62 and a beta of 1.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05. Canadian Imperial Bank of Commerce has a twelve month low of $84.88 and a twelve month high of $100.01.

The business also recently announced a quarterly dividend, which was paid on Monday, October 29th. Investors of record on Friday, September 28th were issued a $1.0412 dividend. This represents a $4.16 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.04. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 46.91%.

A number of institutional investors have recently bought and sold shares of CM. Nordea Investment Management AB purchased a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth $197,655,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of Canadian Imperial Bank of Commerce by 14.6% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 796,100 shares of the bank’s stock worth $96,352,000 after purchasing an additional 101,400 shares during the last quarter. Banco de Sabadell S.A purchased a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth $1,333,000. AQR Capital Management LLC lifted its position in shares of Canadian Imperial Bank of Commerce by 19.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,757,283 shares of the bank’s stock worth $164,540,000 after purchasing an additional 288,532 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth $692,000. Hedge funds and other institutional investors own 46.36% of the company’s stock.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, 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.

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

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