Canadian Imperial Bank of Commerce to Post Q1 2018 Earnings of $2.83 Per Share, National Bank Financial Forecasts (CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at National Bank Financial upped their Q1 2018 EPS estimates for Canadian Imperial Bank of Commerce in a research report issued on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $2.83 per share for the quarter, up from their previous forecast of $2.79. National Bank Financial has a “Outperform” rating and a $133.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2018 earnings at $2.79 EPS, Q3 2018 earnings at $2.90 EPS, FY2018 earnings at $11.30 EPS and FY2019 earnings at $12.08 EPS.

Several other research analysts also recently commented on CM. Barclays lifted their price target on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$110.00 in a research note on Friday, August 11th. Scotiabank lifted their price target on shares of Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Monday, August 21st. Keefe, Bruyette & Woods lifted their price target on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a research note on Tuesday, August 22nd. BMO Capital Markets reissued a “market perform” rating and set a C$118.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. Finally, Canaccord Genuity reissued a “buy” rating and set a C$116.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$124.92.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at C$121.20 on Monday. Canadian Imperial Bank of Commerce has a one year low of C$103.84 and a one year high of C$121.41.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 28th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 44.28%.

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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.

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

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