NYSE:CM - Canadian Imperial Bank of Commerce Stock Price, News, & Analysis

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$81.45 +0.01 (+0.01 %)
(As of 03/26/2019 01:08 PM ET)
Previous Close$81.44
Today's Range$81.38 - $82.20
52-Week Range$72.96 - $96.98
Volume34,430 shs
Average Volume421,078 shs
Market Capitalization$36.15 billion
P/E Ratio8.71
Dividend Yield5.03%
Beta1.16
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 four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. It offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and prepaid and credit cards, as well as overdraft protection services. The company also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; commercial and corporate banking services; trade finance, correspondent banking, and online foreign exchange services; and wholesale and asset management services. In addition, it offers investment banking advisory and execution services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone416-980-2211

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$19.34 billion
Cash Flow$10.5369 per share
Book Value$57.67 per share

Profitability

Net Income$4.09 billion

Miscellaneous

Employees45,091
Market Cap$36.15 billion
Next Earnings Date5/22/2019 (Estimated)
OptionableOptionable

Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

What is Canadian Imperial Bank of Commerce's stock symbol?

Canadian Imperial Bank of Commerce trades on the New York Stock Exchange (NYSE) under the ticker symbol "CM."

How often does Canadian Imperial Bank of Commerce pay dividends? What is the dividend yield for Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce declared a quarterly dividend on Friday, March 1st. Investors of record on Thursday, March 28th will be paid a dividend of $1.0616 per share on Monday, April 29th. This represents a $4.25 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.03. View Canadian Imperial Bank of Commerce's Dividend History.

How will Canadian Imperial Bank of Commerce's stock buyback program work?

Canadian Imperial Bank of Commerce declared that its Board of Directors has authorized a stock buyback program on Monday, April 10th 2017, which allows the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

How were Canadian Imperial Bank of Commerce's earnings last quarter?

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings results on Thursday, November, 29th. The bank reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.73. The bank had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.59 billion. Canadian Imperial Bank of Commerce had a net margin of 19.44% and a return on equity of 16.17%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 EPS. View Canadian Imperial Bank of Commerce's Earnings History.

When is Canadian Imperial Bank of Commerce's next earnings date?

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Wednesday, May 22nd 2019. View Earnings Estimates for Canadian Imperial Bank of Commerce.

What price target have analysts set for CM?

10 brokers have issued 12 month price targets for Canadian Imperial Bank of Commerce's stock. Their predictions range from $123.00 to $140.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $129.8333 in the next twelve months. This suggests a possible upside of 59.5% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

What is the consensus analysts' recommendation for Canadian Imperial Bank of Commerce?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

Has Canadian Imperial Bank of Commerce been receiving favorable news coverage?

Media headlines about CM stock have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

What other stocks do shareholders of Canadian Imperial Bank of Commerce own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), Intel (INTC), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Cisco Systems (CSCO), Wells Fargo & Co (WFC), Energy Transfer LP Unit (ET), Johnson & Johnson (JNJ) and Verizon Communications (VZ).

Who are Canadian Imperial Bank of Commerce's key executives?

Canadian Imperial Bank of Commerce's management team includes the folowing people:
  • Mr. Victor G. Dodig, Pres, CEO & Director (Age 53)
  • Mr. Kevin A. Glass, Sr. EVP & CFO (Age 61)
  • Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
  • Mr. Larry D. Richman, Sr. EVP & Group Head of US Region (Age 66)
  • Mr. Deepak K. Khandelwal, Sr. EVP and Group Head of Client Connectivity & Innovation

Who are Canadian Imperial Bank of Commerce's major shareholders?

Canadian Imperial Bank of Commerce's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (3.86%), Toronto Dominion Bank (2.71%), CIBC Asset Management Inc (1.85%), 1832 Asset Management L.P. (1.60%), Bank of Nova Scotia (1.38%) and Acadian Asset Management LLC (1.36%).

Which institutional investors are selling Canadian Imperial Bank of Commerce stock?

CM stock was sold by a variety of institutional investors in the last quarter, including OMERS ADMINISTRATION Corp, 1832 Asset Management L.P., TD Asset Management Inc., Mackenzie Financial Corp, Intact Investment Management Inc., Nordea Investment Management AB, Fiera Capital Corp and Connor Clark & Lunn Investment Management Ltd..

Which institutional investors are buying Canadian Imperial Bank of Commerce stock?

CM stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, APG Asset Management N.V., Bank of Nova Scotia, Letko Brosseau & Associates Inc., Mn Services Vermogensbeheer B.V., Great West Life Assurance Co. Can, Aviva PLC and Acadian Asset Management LLC.

How do I buy shares of Canadian Imperial Bank of Commerce?

Shares of CM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately $81.40.

How big of a company is Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has a market capitalization of $36.13 billion and generates $19.34 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $9.34 on an earnings per share basis. Canadian Imperial Bank of Commerce employs 45,091 workers across the globe.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is http://www.cibc.com.

How can I contact Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce's mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The bank can be reached via phone at 416-980-2211 or via email at [email protected]


MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  364 (Vote Outperform)
Underperform Votes:  587 (Vote Underperform)
Total Votes:  951
MarketBeat's community ratings are surveys of what our community members think about Canadian Imperial Bank of Commerce and other stocks. Vote "Outperform" if you believe CM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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