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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
NYSE:CM

Canadian Imperial Bank of Commerce (CM) Stock Price, News & Analysis

$47.05
+0.05 (+0.11%)
(As of 05:27 PM ET)
Today's Range
$46.75
$47.64
50-Day Range
$44.29
$50.72
52-Week Range
$34.35
$51.14
Volume
1.10 million shs
Average Volume
1.83 million shs
Market Capitalization
$44.11 billion
P/E Ratio
9.72
Dividend Yield
2.72%
Price Target
$63.00

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
33.8% Upside
$63.00 Price Target
Short Interest
Bearish
3.20% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
0.91mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.76%
From $5.04 to $5.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Finance Sector

226th out of 840 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 28 stocks

CM stock logo

About Canadian Imperial Bank of Commerce Stock (NYSE:CM)

Canadian Imperial Bank of Commerce was formed in 1961 with the merger of the Canadian Bank of Commerce and Imperial Bank of Canada. The merger, the largest in Canadian banking history, gave the Canadian Imperial Bank of Commerce its name but not its true origin. The founding banks originated in 1867 and 1873 respectively and were among the country’s oldest surviving banks at the time. The business is headquartered in Toronto and located at the iconic CIBC Square in downtown Toronto.

Today, the Canadian Imperial Bank of Commerce is a diversified international financial institution serving more than 13 million clients globally. It provides a full range of financial products and services for individuals, families, businesses and institutions in North America and around the world. The company’s goal is to create value by providing consistent returns and sustainable growth. The company maintains a lower-than-average credit profile to help achieve that goal and keep it in a position to take advantage of strategic opportunities.

The Canadian Imperial Bank of Commerce operates in 4 segments that include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. In late 2022 the company brought in over C$20 billion in revenue, had more than C$678 billion in deposits and had more than C$896 million in total assets. In regard to the bank’s health, it carries high AA or A+ investment grade credit ratings from all the major credit rating agencies.

The company’s products and services include personal and business deposit accounts, checking, savings, credit cards, and loans. Loans include mortgages, business credit, student loans, and agri-business. Other products include investment services, wealth management, and insurance services. Canadian Imperial Bank of Commerce’s digital platform, which was the first launched in Canada, is award-winning and ranked #1 for customer satisfaction by J.D. Power.

Canadian Imperial Bank of Commerce’s strategy is built on 3 drivers. The first is focusing on high-growth, high-traffic client demographics, the second is elevating the customer experience through digital and the third is investing in differentiators within fast-growing markets. Canadian Imperial Bank of Commerce is also a committed dividend payer that has not only paid a dividend every year since its inception but increases it on a regular basis as well. The company is also well-known for its long-term dividend growth and has a 15-year CAGR above 5.0%.

Canadian Imperial Bank of Commerce is committed to sustainability. The company’s efforts won it a spot on Canada’s Greenest Employers list for 2022 as well as recognition as Best Diversity Employer and for gender equality.

CM Stock Price History

CM Stock News Headlines

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See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
12/27/2023
Dividend Payable
1/29/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/29 Dividend
3/27/2024
Today
4/17/2024
Dividend Payable
4/29/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
48,074
Year Founded
1867

Price Target and Rating

Average Stock Price Target
$63.00
High Stock Price Target
$67.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+34.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$3.70 billion
Pretax Margin
13.68%

Debt

Sales & Book Value

Annual Sales
$41.16 billion
Cash Flow
$5.93 per share
Book Value
$40.28 per share

Miscellaneous

Free Float
N/A
Market Cap
$44.06 billion
Optionable
Optionable
Beta
1.06

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Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

  • Canadian Imperial Bank of Commerce has a strong presence in Canada, the United States, and internationally, providing diversification across different markets.
  • The company offers a wide range of financial products and services, including banking, wealth management, and capital markets, catering to various client needs.
  • With a history dating back to 1867, Canadian Imperial Bank of Commerce has a long-standing reputation and experience in the financial industry.
  • Recent positive developments in the company's financial performance have shown growth potential, attracting investor interest.
  • The current stock price of Canadian Imperial Bank of Commerce is competitive, offering potential value for investors looking for entry opportunities.

Cons

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

  • Market volatility and economic uncertainties could impact the financial performance of Canadian Imperial Bank of Commerce, affecting investor returns.
  • Regulatory changes in the financial sector may pose challenges for Canadian Imperial Bank of Commerce's operations and profitability.
  • Intense competition in the banking industry could pressure margins and limit growth opportunities for Canadian Imperial Bank of Commerce.
  • Global economic conditions and geopolitical risks may introduce instability that could affect the company's international operations and revenue streams.
  • Investors should carefully monitor interest rate movements as they can influence the profitability of Canadian Imperial Bank of Commerce's lending and investment activities.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

CM Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CM shares.
View CM analyst ratings
or view top-rated stocks.

What is Canadian Imperial Bank of Commerce's stock price target for 2024?

9 brokers have issued 12 month price targets for Canadian Imperial Bank of Commerce's shares. Their CM share price targets range from $57.00 to $67.00. On average, they anticipate the company's share price to reach $63.00 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price.
View analysts price targets for CM
or view top-rated stocks among Wall Street analysts.

How have CM shares performed in 2024?

Canadian Imperial Bank of Commerce's stock was trading at $48.14 at the beginning of the year. Since then, CM shares have decreased by 2.2% and is now trading at $47.09.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a increase in short interest in March. As of March 31st, there was short interest totaling 30,020,000 shares, an increase of 88.8% from the March 15th total of 15,900,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is presently 15.9 days. Approximately 3.2% of the shares of the stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our CM earnings forecast
.

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

Canadian Imperial Bank of Commerce (NYSE:CM) posted its quarterly earnings results on Thursday, February, 29th. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.10. The bank had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.47 billion. Canadian Imperial Bank of Commerce had a net margin of 10.79% and a trailing twelve-month return on equity of 13.07%.

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 announced a quarterly dividend on Friday, March 1st. Shareholders of record on Thursday, March 28th will be given a dividend of $0.6634 per share on Monday, April 29th. This represents a $2.65 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for CM
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.69%. The dividend payout ratio is 26.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 24.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

When did Canadian Imperial Bank of Commerce's stock split?

Shares of Canadian Imperial Bank of Commerce split before market open on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly created shares were distributed to shareholders after the market closes on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

1,528 employees have rated Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among the company's employees.

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), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), Cisco Systems (CSCO), Enbridge (ENB), AbbVie (ABBV) and Simon Property Group (SPG).

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

Canadian Imperial Bank of Commerce's stock is owned by many different retail and institutional investors. Top institutional investors include Cardinal Capital Management Inc. (0.24%), Galibier Capital Management Ltd. (0.05%), Addenda Capital Inc. (0.03%), Nexus Investment Management ULC (0.01%), Fulton Bank N.A. (0.00%) and Signal Advisors Wealth LLC (0.00%).

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

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

Does Canadian Imperial Bank of Commerce have any subsidiaries?
The following companies are subsidiares of Canadian Imperial Bank of Commerce: CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bancorp USA Inc., CIBC Bank USA, CIBC Capital Markets (Europe) S.A., CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Cayman Holdings Limited, CIBC Cayman Reinsurance Limited, CIBC Delaware Trust Company, CIBC Fund Administration Services (Asia) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC National Trust Company, CIBC Private Wealth Advisors Inc., CIBC Private Wealth Group LLC, CIBC Securities Inc., CIBC Trust Corporation, CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Curacao) N.V., FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Bank and Trust Company (Cayman) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) Limited, FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V., FirstCaribbean International Securities Limited, FirstCaribbean International Trust Company (Bahamas) Limited, FirstCaribbean International Wealth Management Bank (Barbados) Limited, Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, Sentry Insurance Brokers Ltd., and Wellington Financial.
Read More
This page (NYSE:CM) was last updated on 4/17/2024 by MarketBeat.com Staff

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