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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at National Bank Financial cut their Q1 2019 EPS estimates for shares of Canadian Imperial Bank of Commerce in a research report issued on Monday, February 18th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $3.19 for the quarter, down from their previous forecast 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.

Several other research firms have also commented on CM. Barclays lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$130.00 in a research report on Friday, November 16th. Desjardins lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$133.00 to C$125.00 in a research report on Tuesday, December 11th. Canaccord Genuity lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$133.00 to C$124.00 in a research report on Thursday, November 22nd. Eight Capital lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$132.00 to C$131.00 in a research report on Friday, November 30th. Finally, BMO Capital Markets lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$130.00 in a research report on Friday, November 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$129.60.



Shares of TSE:CM opened at C$113.92 on Wednesday. Canadian Imperial Bank of Commerce has a fifty-two week low of C$99.51 and a fifty-two week high of C$125.21. The firm has a market cap of $50.45 billion and a P/E ratio of 9.78.

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

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

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

About Canadian Imperial Bank of Commerce

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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