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

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) is expected to be announcing its earnings results 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 $4.81 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Canadian Imperial Bank of Commerce Stock Performance

NYSE CM opened at $60.25 on Wednesday. The stock has a market capitalization of $56.78 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.62 and a beta of 1.05. The business’s 50 day moving average is $62.71 and its two-hundred day moving average is $61.80. Canadian Imperial Bank of Commerce has a 12-month low of $46.11 and a 12-month high of $67.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently disclosed 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. This represents a $2.76 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 51.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $97.00 to $103.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.00.

Canadian Imperial Bank of Commerce Company Profile

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.