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S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
NYSE:CM

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

$46.48
-0.03 (-0.06%)
(As of 02/27/2024 ET)
Today's Range
$46.24
$46.74
50-Day Range
$44.29
$48.81
52-Week Range
$34.35
$48.92
Volume
2.16 million shs
Average Volume
1.77 million shs
Market Capitalization
$43.31 billion
P/E Ratio
12.17
Dividend Yield
5.55%
Price Target
$63.00

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
35.6% Upside
$63.00 Price Target
Short Interest
Healthy
0.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
0.78mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.90%
From $4.90 to $5.14 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.

4.85 out of 5 stars

Financial Services Sector

2nd out of 38 stocks

Banks - Diversified Industry

1st out of 1 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Better Buy: Scotiabank Stock or CIBC?
New Strong Buy Stocks for January 24th
CIBC named one of Canada's Top Employers for Young People
Canadian Imperial Bank of Commerce
See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 1/29 Dividend
12/27/2023
Dividend Payable
1/29/2024
Today
2/27/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
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
+35.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$3.70 billion
Pretax Margin
12.54%

Debt

Sales & Book Value

Annual Sales
$41.16 billion
Cash Flow
$5.97 per share
Book Value
$40.28 per share

Miscellaneous

Free Float
N/A
Market Cap
$43.31 billion
Optionable
Optionable
Beta
1.05

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Imperial Bank of Commerce was last updated on Sunday, February 25, 2024 at 3:33 PM.

Pros

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

  • Canadian Imperial Bank of Commerce stock has a dividend yield of 5.92%, providing investors with a steady income stream.
  • The company has a low debt-to-equity ratio of 0.13, indicating a strong financial position and lower risk.
  • Canadian Imperial Bank of Commerce has a diversified business model operating in various segments, which can help mitigate risks associated with a single sector.
  • The bank's PE ratio of 11.72 suggests that the stock may be undervalued compared to its earnings potential.
  • Recent hedge fund activity shows increased interest in Canadian Imperial Bank of Commerce, indicating confidence from institutional investors.

Cons

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

  • The stock price of Canadian Imperial Bank of Commerce has been trading down recently, indicating potential short-term volatility.
  • The company's P/E/G ratio of 1.97 suggests that the stock may be overvalued relative to its growth prospects.
  • Market conditions and economic uncertainties could impact the bank's performance, leading to fluctuations in stock price.
  • Canadian Imperial Bank of Commerce faces competition from other financial institutions, which could affect its market share and profitability.
  • Investors should consider the overall economic outlook and interest rate environment when evaluating investments in the banking sector.














CM Stock Analysis - Frequently Asked Questions

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

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 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1-year target prices for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from $57.00 to $67.00. On average, they anticipate the company's stock price to reach $63.00 in the next year. This suggests a possible upside of 35.6% 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 start of the year. Since then, CM shares have decreased by 3.5% and is now trading at $46.4750.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest in January. As of January 31st, there was short interest totaling 8,430,000 shares, a decrease of 9.2% from the January 15th total of 9,280,000 shares. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 0.9% of the company's stock are sold short.
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, February 29th 2024.
View our CM earnings forecast
.

How can I listen to Canadian Imperial Bank of Commerce's earnings call?

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, February 29th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "8797228#".

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

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings results on Thursday, November, 30th. The bank reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.03. The bank had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.34 billion. Canadian Imperial Bank of Commerce had a net margin of 8.99% and a trailing twelve-month return on equity of 13.55%. The company's revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share.

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, December 1st. Stockholders of record on Thursday, December 28th will be given a dividend of $0.6623 per share on Monday, January 29th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Wednesday, December 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 $2.58 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. The dividend payout ratio is 67.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 50.19% 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?

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 created shares were payable 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 Vanguard Group Inc. (3.78%), Bank of Nova Scotia (2.67%), TD Asset Management Inc (2.42%), National Bank of Canada FI (1.38%), CIBC Asset Management Inc (1.25%) and Norges Bank (0.90%).

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 2/28/2024 by MarketBeat.com Staff