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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CM, but not buy additional shares or sell existing shares.
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9 brokerages have issued 1-year price objectives for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from $45.00 to $67.00. On average, they predict the company's share price to reach $57.30 in the next twelve months. This suggests a possible upside of 46.6% from the stock's current price.
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Canadian Imperial Bank of Commerce's stock was trading at $40.45 at the beginning of the year. Since then, CM shares have decreased by 3.4% and is now trading at $39.09.
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Canadian Imperial Bank of Commerce saw a increase in short interest in August. As of August 31st, there was short interest totaling 12,850,000 shares, an increase of 48.4% from the August 15th total of 8,660,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 10.3 days. Currently, 1.4% of the company's shares are sold short.
View Canadian Imperial Bank of Commerce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our CM earnings forecast.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its quarterly earnings results on Thursday, August, 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by $0.11. The bank earned $4.38 billion during the quarter, compared to analysts' expectations of $4.29 billion. Canadian Imperial Bank of Commerce had a net margin of 9.26% and a trailing twelve-month return on equity of 13.29%.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, August 31st. Investors of record on Thursday, September 28th will be paid a dividend of $0.657 per share on Friday, October 27th. This represents a $2.63 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend is Wednesday, September 27th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for CM.

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.56 per share and currently has a dividend yield of 6.44%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 69.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 51.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

Canadian Imperial Bank of Commerce shares split on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were payable to shareholders after the closing bell on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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.

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).

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

Canadian Imperial Bank of Commerce's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of Nova Scotia (2.73%), TD Asset Management Inc (2.28%), National Bank of Canada FI (1.71%), Capital World Investors (1.60%), Cibc World Market Inc. (1.53%) and CIBC Asset Management Inc (1.12%).

Shares of CM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CM stock can currently be purchased for approximately $39.09.

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $36.13 billion and generates $24.67 billion in revenue each year. The bank earns $4.83 billion in net income (profit) each year or $3.67 on an earnings per share basis.

The company employs 50,427 workers across the globe.

Canadian Imperial Bank of Commerce's mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The official website for the company is www.cibc.com. The bank can be reached via phone at (416) 980-2211, via email at alice.dunning@cibc.com, or via fax at 416-980-7012.