Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Stock analysts at Desjardins increased their Q1 2018 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a report released on Friday. Desjardins analyst D. Young now anticipates that the company will earn $2.81 per share for the quarter, up from their previous forecast of $2.77.
Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.62 by C$0.19. The business had revenue of C$4.27 billion during the quarter, compared to analysts’ expectations of C$4.19 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.90% and a net margin of 27.27%.
Shares of Canadian Imperial Bank of Commerce (TSE CM) opened at C$115.00 on Monday. Canadian Imperial Bank of Commerce has a 12 month low of C$103.84 and a 12 month high of C$124.37. The stock has a market capitalization of $50,880.00, a P/E ratio of 10.20 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Thursday, December 28th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.52%. The ex-dividend date was Wednesday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 45.08%.
In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.
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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.
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