Commerce Bank Buys IBM Shares as IBM Meets EPS Estimates and Declares Dividend
Commerce Bank purchased a new position in International Business Machines (IBM) in the second quarter, while other investors also adjusted stakes. IBM reported quarterly EPS of $2.93, matching analysts’ consensus, and is expected to post $12.33 EPS for the fiscal year. Shareholders of record on Aug. 10 will receive a $1.69 dividend, amid predominantly buy ratings and a Goldman Sachs $270 price target.