NYSE:CM - Canadian Imperial Bank of Commerce Stock Price, Price Target & More

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

Canadian Imperial Bank of Commerce announced a quarterly dividend on Wednesday, May 23rd. Investors of record on Thursday, June 28th will be given a dividend of $1.036 per share on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, June 27th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce announced that its Board of Directors has authorized a share repurchase plan on Monday, April 10th 2017, which authorizes the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its quarterly earnings results on Wednesday, May, 23rd. The bank reported $2.95 EPS for the quarter, beating the Zacks' consensus estimate of $2.21 by $0.74. The bank earned $4.41 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.55% and a net margin of 21.28%. Canadian Imperial Bank of Commerce's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.64 EPS. View Canadian Imperial Bank of Commerce's Earnings History.

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Thursday, August, 23rd 2018. View Earnings Estimates for Canadian Imperial Bank of Commerce.

10 analysts have issued 12-month target prices for Canadian Imperial Bank of Commerce's stock. Their predictions range from $89.00 to $135.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $121.00 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View Analyst Ratings 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 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MTU), Banco Santander (SAN), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), ANZ (ANZBY), Lloyds Banking Group (LYG), ING Groep (ING), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), HANG SENG Bk Lt/S (HSNGY) and Banco Bilbao Vizcaya Argentaria (BBVA).

Media headlines about CM stock have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of 0.10 on Accern's scale. They also gave headlines about the bank an impact score of 45.96 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Canadian Imperial Bank of Commerce's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.14%), NN Investment Partners Holdings N.V. (0.08%), Gulf International Bank UK Ltd (0.03%), Addenda Capital Inc. (0.02%), Rathbone Brothers plc (0.02%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.01%). View Institutional Ownership Trends for Canadian Imperial Bank of Commerce.

CM stock was sold by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Cardinal Capital Management Inc., NN Investment Partners Holdings N.V., World Asset Management Inc, Addenda Capital Inc., DORCHESTER WEALTH MANAGEMENT Co and Rathbone Brothers plc. View Insider Buying and Selling for Canadian Imperial Bank of Commerce.

CM stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Assenagon Asset Management S.A., Gulf International Bank UK Ltd and Fulton Bank N.A.. View Insider Buying and Selling for 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.

One share of CM stock can currently be purchased for approximately $88.02.

Canadian Imperial Bank of Commerce has a market capitalization of $39.23 billion and generates $16.73 billion in revenue each year. The bank earns $3.59 billion in net income (profit) each year or $8.89 on an earnings per share basis.

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]