Canadian Imperial Bank of Commerce Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
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11 analysts have issued 12-month price objectives for Canadian Imperial Bank of Commerce's shares. Their CM stock forecasts range from $77.00 to $91.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $84.00 in the next year. This suggests a possible upside of 72.4% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce or view top-rated stocks among Wall Street analysts.

Canadian Imperial Bank of Commerce's stock was trading at $58.28 at the start of the year. Since then, CM shares have decreased by 16.4% and is now trading at $48.72.
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Canadian Imperial Bank of Commerce saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 11,730,000 shares, an increase of 33.1% from the May 31st total of 8,810,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is currently 11.2 days. Currently, 1.3% of the shares of the stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest.

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings results on Thursday, May, 26th. The bank reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $2.92 by $1.15. The bank earned $5.38 billion during the quarter, compared to analyst estimates of $5.32 billion. Canadian Imperial Bank of Commerce had a net margin of 26.74% and a trailing twelve-month return on equity of 16.24%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $2.85 earnings per share.
View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Thursday, May 26th. Investors of record on Tuesday, June 28th will be given a dividend of $0.645 per share on Thursday, July 28th. This represents a $2.58 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Monday, June 27th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.63.
View Canadian Imperial Bank of Commerce's dividend history.

Canadian Imperial Bank of Commerce(NYSE:CM) pays an annual dividend of $2.62 per share and currently has a dividend yield of 5.49%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Canadian Imperial Bank of Commerce does not yet have a strong track record of dividend growth. The dividend payout ratio of Canadian Imperial Bank of Commerce is 46.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 44.11% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.
View Canadian Imperial Bank of Commerce's dividend history.

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

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

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Commonwealth Bank of Australia (CMWAY), Mitsubishi UFJ Financial Group (MUFG), ICICI Bank (IBN), Bank of Montreal (BMO), BNP Paribas (BNPQY), Banco Santander (SAN), Australia and New Zealand Banking Group (ANZBY), Sumitomo Mitsui Financial Group (SMFG), BOC Hong Kong (BHKLY), ING Groep (ING), Oversea-Chinese Banking (OVCHY) and Lloyds Banking Group (LYG).
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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 many different institutional and retail investors. Top institutional investors include Nexus Investment Management ULC (0.01%), Fulton Bank N.A. (0.00%), Crestwood Advisors Group LLC (0.00%) and Independence Bank of Kentucky (0.00%).

CM stock was bought by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC, Crestwood Advisors Group LLC, Fulton Bank N.A., and Independence Bank of Kentucky.

Shares of CM 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 $48.72.

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $43.97 billion and generates $18.53 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.62 on an earnings per share basis.

Canadian Imperial Bank of Commerce employs 45,282 workers across the globe.

Canadian Imperial Bank of Commerce was founded in 1867.

Canadian Imperial Bank of Commerce's mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The official website for Canadian Imperial Bank of Commerce is www.cibc.com. The bank can be reached via phone at (416) 861-3313, via email at alice.dunning@cibc.com, or via fax at 416-980-7012.