Canadian Imperial Bank of Commerce Profit Rises 62% In Q1

Cornelia Mascio
Febbraio 23, 2017

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price hoisted by Royal Bank Of Canada from C$112.00 to C$118.00 in a report issued on Monday, StockTargetPrices.com reports. The company had a trading volume of 179,933 shares. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/02/22/canadian-imperial-bank-of-commerce-cm-price-target-increased-to-c115-00-by-analysts-at-keefe-bruyette-woods.html.

CIBC raised its quarterly dividend by 3 Canadian cents a share, to C$1.27 a share.

Canadian Imperial Bank of Commerce (CM.TO) revealed earnings for its first quarter that rose from past year. Advisor Group Inc. acquired a new position in Canadian Imperial Bank of Commerce during the second quarter worth $154,000. Barclays PLC reissued an "underperform" rating and issued a $93.00 price objective (up previously from $87.00) on shares of Canadian Imperial Bank of Commerce in a research report on Sunday, August 21st.

Analysts polled by Thomson Reuters were expecting C$2.59 in adjusted earnings per share on C$3.83 billion in revenue. Investors of record on Wednesday, December 28th were issued a $1.24 dividend. The ex-dividend date was Friday, December 23rd. If you are viewing this story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark law. Canadian Imperial Bank of Commerce has a 12-month low of $82.63 and a 12-month high of $113.32.

A number of equities research analysts have issued reports on CM shares. National Bank Financial lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$103.00 to C$98.00 in a research note on Friday, December 2nd.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) traded up 0.40% during trading on Friday, hitting $77.04. The company has an average rating of "Hold" and a consensus price target of $99.07. RBC Capital Markets lifted their target price on Canadian Imperial Bank of Commerce from C$112.00 to C$118.00 in a research note on Monday.

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution.

"CIBC delivered strong performance across retail and business banking, wealth management and capital markets", Chief Executive Victor Dodig said in a statement.

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