Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, May 29th. Analysts expect Canadian Imperial Bank of Commerce to post earnings of $1.28 per share and revenue of $4.78 billion for the quarter.
Canadian Imperial Bank of Commerce Stock Performance
NYSE:CM traded up $0.18 during trading hours on Tuesday, reaching $68.34. The company had a trading volume of 1,046,922 shares, compared to its average volume of 1,136,570. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. Canadian Imperial Bank of Commerce has a 52 week low of $46.99 and a 52 week high of $68.85. The firm has a market cap of $64.25 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.62 and a beta of 1.06. The firm's 50 day moving average price is $60.94 and its 200-day moving average price is $61.91.
Canadian Imperial Bank of Commerce Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 28th were given a $0.6723 dividend. This represents a $2.69 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 48.03%.
Analyst Ratings Changes
Several brokerages have recently weighed in on CM. Scotiabank initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 15th. They set a "sector outperform" rating on the stock. Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Jefferies Financial Group downgraded shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.00.
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About Canadian Imperial Bank of Commerce
(
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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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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