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

Sign in or create an account to add this stock to your watchlist.
$82.70 +0.89 (+1.09 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$82.70
Today's Range$82.29 - $82.97
52-Week Range$72.96 - $99.53
Volume321,007 shs
Average Volume383,774 shs
Market Capitalization$36.23 billion
P/E Ratio8.85
Dividend Yield5.00%
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.

Receive CM News and Ratings via Email

Sign-up to receive the latest news and ratings for CM and its competitors with MarketBeat's FREE daily newsletter.

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$10.6572 per share
Book Value$57.73 per share

Profitability

Net Income$4.09 billion

Miscellaneous

Employees45,091
Market Cap$36.23 billion
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 Thursday, November 29th. Stockholders of record on Friday, December 28th will be paid a dividend of $1.034 per share on Monday, January 28th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Thursday, December 27th. 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 initiated a share buyback plan on Monday, April 10th 2017, which permits the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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

Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, November, 29th. The bank reported $3.00 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.27 by $0.73. The bank had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.59 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.35% and a net margin of 20.85%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $2.81 earnings per share. 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 Thursday, February 28th 2019. View Earnings Estimates for Canadian Imperial Bank of Commerce.

What price target have analysts set for CM?

10 Wall Street analysts have issued 1-year price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $130.00 to $140.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $135.00 in the next year. This suggests a possible upside of 63.2% 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 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Imperial Bank of Commerce.

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

News coverage about CM stock has trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news impact score of 0.9 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the next few days.

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

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 many different of retail and institutional investors. Top institutional investors include Cardinal Capital Management Inc. (0.14%), Timbercreek Investment Management Inc. (0.01%), Addenda Capital Inc. (0.01%), Townsend & Associates Inc (0.01%), DORCHESTER WEALTH MANAGEMENT Co (0.01%) and Fulton Bank N.A. (0.00%).

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 Timbercreek Investment Management Inc., Cardinal Capital Management Inc., Chicago Partners Investment Group LLC, DORCHESTER WEALTH MANAGEMENT Co and Fulton Bank N.A..

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 Weather Gauge Advisory LLC, Virtu Financial LLC, Quadrant Capital Group LLC, Addenda Capital Inc. and Townsend & Associates Inc.

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 $82.70.

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

Canadian Imperial Bank of Commerce has a market capitalization of $36.23 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:  353 (Vote Outperform)
Underperform Votes:  573 (Vote Underperform)
Total Votes:  926
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 1/19/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel