Q1 2019 Earnings Forecast for Canadian Imperial Bank of Commerce Issued By National Bank Financial (CM)

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Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at National Bank Financial dropped their Q1 2019 earnings per share estimates for Canadian Imperial Bank of Commerce in a report issued on Monday, February 18th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $3.19 for the quarter, down from their prior estimate of $3.23. National Bank Financial has a “Sector Perform” rating and a $122.00 price target on the stock. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2019 earnings at $3.04 EPS, Q3 2019 earnings at $3.16 EPS and FY2019 earnings at $12.40 EPS.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, November 29th. The company reported C$3.00 EPS for the quarter, hitting the Zacks’ consensus estimate of C$3.00. The firm had revenue of C$4.45 billion during the quarter, compared to the consensus estimate of C$4.52 billion.

A number of other analysts also recently commented on the company. Desjardins dropped their price objective on Canadian Imperial Bank of Commerce from C$133.00 to C$125.00 in a research note on Tuesday, December 11th. Barclays dropped their price objective on Canadian Imperial Bank of Commerce from C$130.00 to C$127.00 in a research note on Friday, November 30th. BMO Capital Markets dropped their price objective on Canadian Imperial Bank of Commerce from C$135.00 to C$130.00 in a research note on Friday, November 30th. Eight Capital dropped their price objective on Canadian Imperial Bank of Commerce from C$132.00 to C$131.00 in a research note on Friday, November 30th. Finally, Canaccord Genuity dropped their price objective on Canadian Imperial Bank of Commerce from C$133.00 to C$124.00 in a research note on Thursday, November 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$129.60.

CM opened at C$113.92 on Wednesday. Canadian Imperial Bank of Commerce has a one year low of C$99.51 and a one year high of C$125.21. The firm has a market capitalization of $50.45 billion and a PE ratio of 9.78.

In other news, Director Barry Lee Zubrow acquired 1,500 shares of Canadian Imperial Bank of Commerce stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of C$84.76 per share, with a total value of C$127,140.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $5.44 annualized dividend and a dividend yield of 4.78%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 45.67%.

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 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 (TSE:CM)

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