FY2021 EPS Estimates for Canadian Imperial Lender of Commerce (CM.TO) (TSE:CM) Lifted by Desjardins

Canadian Imperial Lender of Commerce (CM.TO) (TSE:CM) (NYSE:CM) – Equities scientists at Desjardins lifted their FY2021 earnings estimates for Canadian Imperial Financial institution of Commerce (CM.TO) in a report produced on Thursday, December 3rd. Desjardins analyst D. Young now expects that the company will put up earnings for each share of $10.50 for the year, up from their past forecast of $10.30. Desjardins also issued estimates for Canadian Imperial Lender of Commerce (CM.TO)’s FY2022 earnings at $11.60 EPS.

CM has been the topic of a selection of other stories. Canaccord Genuity boosted their cost aim on Canadian Imperial Bank of Commerce (CM.TO) from C$115.50 to C$122.00 in a analysis observe on Friday. CSFB boosted their selling price goal on Canadian Imperial Financial institution of Commerce (CM.TO) from C$105.00 to C$108.00 in a investigation be aware on Friday. Credit score Suisse Group boosted their selling price aim on Canadian Imperial Financial institution of Commerce (CM.TO) from C$105.00 to C$108.00 in a investigation note on Friday. BMO Cash Markets boosted their rate aim on Canadian Imperial Financial institution of Commerce (CM.TO) from C$118.00 to C$124.00 in a study observe on Friday. Finally, Scotiabank boosted their price tag goal on Canadian Imperial Financial institution of Commerce (CM.TO) from C$112.00 to C$139.00 in a research be aware on Monday, November 23rd. Two research analysts have rated the stock with a maintain ranking and 4 have offered a get rating to the firm’s inventory. The inventory at present has an typical rating of “Invest in” and a consensus target value of C$115.93.

TSE CM opened at C$110.79 on Monday. The business’s 50-day going average selling price is C$104.81 and its two-hundred working day relocating ordinary cost is C$98.05. Canadian Imperial Bank of Commerce has a 12 month minimal of C$67.52 and a 12 month superior of C$111.92. The agency has a sector capitalization of C$49.53 billion and a PE ratio of 13.48.


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The organization also just lately disclosed a quarterly dividend, which will be paid out on Thursday, January 28th. Shareholders of history on Tuesday, December 29th will be issued a dividend of $1.46 for each share. This signifies a $5.84 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Thursday, December 24th. Canadian Imperial Lender of Commerce (CM.TO)’s dividend payout ratio is now 70.80%.

In related information, Director Nanci Ellen Caldwell obtained 795 shares of the firm’s stock in a transaction on Monday, September 21st. The inventory was acquired at an normal cost of C$99.45 per share, with a overall value of C$79,061.80. Subsequent the acquisition, the director now owns 5,377 shares of the company’s stock, valued at close to C$534,736.20.

Canadian Imperial Financial institution of Commerce (CM.TO) Business Profile

Canadian Imperial Bank of Commerce, a diversified economic institution, provides several financial solutions and solutions to particular, company, public sector, and institutional shoppers in Canada, the United States, and internationally. The corporation operates by way of 4 strategic small business units: Canadian Own and Compact Business Banking Canadian Business Banking and Wealth Management U.S.

Additional Looking through: Strangles

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

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