Can now owns 3,647,423 shares of the bank’s stock worth $283,142,000 after buying an additional 109,809 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Canadian Imperial Bank of Commerce by 14.3% in the first quarter. Hedge funds and other institutional investors own 53.01% of the company’s stock.

11/01/2016 – Canadian Imperial Bank of Commerce had its “underperform” rating reiterated by analysts at Bank of America Merrill Lynch. The company’s stock had a trading volume of 768,175 shares. The firm has a 50-day moving average price of $82.03 and a 200 day moving average price of $83.48. The firm has a market capitalization of $2.17 billion and a P/E ratio of 11.98. Canadian Imperial Bank Of Commerce has $127 highest and $74 lowest target.

Canadian Imperial Bank of Commerce (CM.TO), Canada’s fifth-biggest lender, reported a better-than-expected second-quarter profit, helped by growth across its businesses. Earnings, adjusted for one-time gains and costs, were $1.99 per share.

On a per share basis, the company earned C$2.64 compared with C$2.40, a year earlier. On average, equities analysts predict that Canadian Imperial Bank of Commerce will post $7.93 EPS for the current fiscal year. Stockholders of record on Wednesday, July 26th will be paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, March 24th.

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Several research analysts have issued reports on the stock.

Among 9 analysts covering Canadian Western Bank (TSE:CWB), 0 have Buy rating, 1 Sell and 8 Hold. The stock of Canadian Imperial Bank of Commerce (TSE:CM) earned “Neutral” rating by Credit Suisse on Friday, March 31. Barclays PLC reiterated a “neutral” rating and set a C$29.00 target price on shares of Canadian Western Bank in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock now has an average rating of “Hold” and an average price target of $101.44. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Net income at CIBC’s capital markets unit rose 16 percent to C$292 million, while its smaller wealth management business surged 36 percent.