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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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. View CM analyst ratings or view top-rated stocks .

What is Canadian Imperial Bank of Commerce's stock price target for 2024?

7 brokers have issued 1 year price targets for Canadian Imperial Bank of Commerce's shares. Their CM share price targets range from $45.00 to $67.00. On average, they expect the company's stock price to reach $58.50 in the next twelve months. This suggests a possible upside of 36.0% 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 2023?

Canadian Imperial Bank of Commerce's stock was trading at $40.45 at the beginning of the year. Since then, CM shares have increased by 6.4% and is now trading at $43.02. View the best growth stocks for 2023 here .

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 12,900,000 shares, a decline of 29.9% from the October 15th total of 18,390,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is currently 8.7 days. Currently, 1.4% 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 Friday, February 23rd 2024. View our CM earnings forecast .

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

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday, November, 30th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.03. The bank earned $5.84 billion during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS.

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 Friday, December 1st. Shareholders of record on Thursday, December 28th will be paid 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 6.16%. The ex-dividend date of this dividend 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 $2.57 per share and currently has a dividend yield of 6.15%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 51.09% 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?

Shares of Canadian Imperial Bank of Commerce split before market open on 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 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 a number of retail and institutional investors. Top institutional investors include Toronto Dominion Bank (2.92%), Bank of Nova Scotia (2.49%), TD Asset Management Inc (2.14%), National Bank of Canada FI (1.72%), CIBC Asset Management Inc (1.11%) and JPMorgan Chase & Co. (0.63%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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

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

$43.02

+0.37 (+0.87%)

(As of 12/8/2023 ET)

Compare

Today's Range: $42.64
▼
$43.21
50-Day Range: $34.73
▼
$43.02
52-Week Range: $34.35
▼
$46.92

Volume: 1.15 million shs
Average Volume: 1.27 million shs
Market Capitalization: $40.06 billion

P/E Ratio: 11.26
Dividend Yield: 5.97%
Price Target: $58.50

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 36.0% Upside
$58.50 Price Target
Short Interest: Bearish
1.45% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: 0.62
Based on 20 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.57%
From $4.81 to $5.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

109th out of 674 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 24 stocks

3.1

Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $58.50, Canadian Imperial Bank of Commerce has a forecasted upside of 36.0% from its current price of $43.02.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.45% of the float of Canadian Imperial Bank of Commerce has been sold short.
Short Interest Ratio / Days to Cover
Canadian Imperial Bank of Commerce has a short interest ratio ("days to cover") of 8.9.
Change versus previous month
Short interest in Canadian Imperial Bank of Commerce has recently increased by 2.79%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 6.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Imperial Bank of Commerce does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Imperial Bank of Commerce is 67.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 51.09% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Canadian Imperial Bank of Commerce has received a 48.36% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Commercial deposit accounts", "Installment loans to small and medium-sized corporations", "Wire transfer services", "Debit cards", and "Credit cards" products. See details.
Environmental Sustainability
The Environmental Impact score for Canadian Imperial Bank of Commerce is -0.47.

3.1

News and Social Media Coverage

News Sentiment
Canadian Imperial Bank of Commerce has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Canadian Imperial Bank of Commerce this week, compared to 5 articles on an average week.
Search Interest
32 people have searched for CM on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.
MarketBeat Follows
9 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Imperial Bank of Commerce insiders have not sold or bought any company stock.
Percentage Held by Institutions
43.72% of the stock of Canadian Imperial Bank of Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Canadian Imperial Bank of Commerce are expected to grow by 4.57% in the coming year, from $4.81 to $5.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 11.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 11.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.86.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 2.88. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Imperial Bank of Commerce has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CM Stock News Headlines

December 4, 2023 | finance.yahoo.com

CIBC Asset Management Inc. announces that the CIBC Global Growth Balanced Fund is now available for purchase

December 4, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce Expected to Earn Q4 2024 Earnings of $1.17 Per Share (NYSE:CM)

December 8, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

December 4, 2023 | americanbankingnews.com

Research Analysts Offer Predictions for Canadian Imperial Bank of Commerce's Q2 2024 Earnings (NYSE:CM)

December 4, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce Forecasted to Post Q1 2024 Earnings of $1.27 Per Share (NYSE:CM)

December 3, 2023 | finance.yahoo.com

Canadian Imperial Bank of Commerce (TSE:CM) Will Pay A Larger Dividend Than Last Year At CA$0.90

December 2, 2023 | americanbankingnews.com

Q1 2024 EPS Estimates for Canadian Imperial Bank of Commerce Cut by Analyst (NYSE:CM)

December 2, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Hold Rating on Canadian Bank of Commerce (CM)

December 8, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

December 1, 2023 | finance.yahoo.com

Canadian Imperial Bank of Commerce (NYSE:CM) Q4 2023 Earnings Call Transcript

November 30, 2023 | marketwatch.com

Toronto Stocks Flat; Canadian Imperial Bank of Commerce Rises

November 30, 2023 | msn.com

TSX futures rise on higher crude prices; bank earnings, U.S. inflation data in focus

November 30, 2023 | marketwatch.com

Analysts Saw Canadian Imperial Bank of Commerce Revenue at C$5.95B

November 30, 2023 | msn.com

Canadian Imperial Bank raises dividend by about 3% to CAD 0.90 a share

November 30, 2023 | seekingalpha.com

Canadian Imperial Bank Non-GAAP EPS of C$1.57, revenue of C$5.84B

November 30, 2023 | finance.yahoo.com

CIBC announces fourth quarter and fiscal 2023 results

November 30, 2023 | finance.yahoo.com

CIBC Increases Dividends for the Quarter Ending January 31, 2024

November 30, 2023 | seekingalpha.com

Canadian Imperial Bank of Commerce 2023 Q4 - Results - Earnings Call Presentation

November 30, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (NYSE:CM) Raised to "Hold" at StockNews.com

November 28, 2023 | seekingalpha.com

Buying CIBC Ahead Of Earnings

November 24, 2023 | markets.businessinsider.com

KBW Keeps Their Hold Rating on Canadian Bank of Commerce (CM)

November 23, 2023 | finance.yahoo.com

CIBC receives inaugural Indigenous Reconciliation award from Canadian federal Labour Program

November 23, 2023 | finance.yahoo.com

CIBC Asset Management announces CIBC ETF cash distributions for November 2023

November 22, 2023 | finance.yahoo.com

Government of Canada selects CIBC for updated Green Bond Framework

November 20, 2023 | finance.yahoo.com

CIBC announces call for submissions for second annual C² Art Program

November 17, 2023 | msn.com

Should You Buy CIBC Stock for its 6.5% Yield?

November 17, 2023 | finance.yahoo.com

CIBC named among Canada's Top 100 Employers for 12th consecutive year

See More Headlines

Receive CM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Canadian Imperial Bank of Commerce and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 10/27 Dividend: 9/27/2023
Dividend Payable: 10/27/2023
Last Earnings: 11/30/2023
Today: 12/08/2023
Ex-Dividend for 1/29 Dividend: 12/27/2023
Dividend Payable: 1/29/2024
Next Earnings (Estimated): 2/23/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:CM
CUSIP: N/A
CIK: 1045520
Web: www.cibc.com
Phone: (416) 980-2211
Fax: 416-980-7012
Employees: 50,427
Year Founded: 1867

Price Target and Rating

Average Stock Price Target: $58.50
High Stock Price Target: $67.00
Low Stock Price Target: $45.00
Potential Upside/Downside: +35.8%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.82
Trailing P/E Ratio: 11.27
Forward P/E Ratio: 8.95
P/E Growth: 2.88
Net Income: $3.70 billion
Net Margins: 8.99%
Pretax Margin: 12.54%
Return on Equity: 13.55%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.06
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $23.29 billion
Price / Sales: 1.72
Cash Flow: $6.20 per share
Price / Cash Flow: 6.95
Book Value: $40.28 per share
Price / Book: 1.07

Miscellaneous

Outstanding Shares: 931,089,000
Free Float: N/A
Market Cap: $40.10 billion
Optionable: Optionable
Beta: 1.05

Social Links

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Victor G. Dodig (Age 57)
President, CEO & Director
Comp: $2.1M
Mr. Hratch Panossian
Senior EVP, CFO and Head of Enterprise Strategy
Mr. Michael G. Capatides
Vice-Chair of CIBC Bank USA
Mr. Harry K. Culham
Senior EVP and Group Head of Capital Markets & Direct Financial Services
Ms. Christina C. Kramer
Senior EVP and Group Head of Technology, Infrastructure & Innovation
Ms. Kikelomo Lawal
Executive VP & Chief Legal Officer
Ms. Sandra R. Sharman (Age 60)
Senior EVP and Group Head of People, Culture & Brand
Mr. John P. Ferren
Senior Vice President of Deposit Products & Analytics
Mr. Michael J. Boluch
Executive Vice President of Technology & Enterprise Innovation
Mr. Stephen J. Forbes
Chief Commercial Officer & Executive VP

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 Tuesday, November 28, 2023 at 11:20 AM.

Pros

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

Strong presence in Canada, the United States, and internationally, providing access to diverse markets and potential growth opportunities.
Diversified financial institution offering a wide range of financial products and services to personal, business, public sector, and institutional clients.
Stable and established company with a history dating back to 1867, providing a sense of reliability and longevity.
Offers various banking services, including checking, savings, mortgages, loans, investment and insurance services, credit cards, and cash management services.
Continued focus on innovation and technology, providing convenient and accessible mobile and online banking services.

Cons

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

Increased competition in the financial industry, which may impact market share and profitability.
Exposure to economic and market risks, including fluctuations in interest rates, regulatory changes, and geopolitical uncertainties.
Dependence on the performance of the Canadian and US economies, which may be subject to economic cycles and external factors.
Potential impact of credit risk and loan defaults, especially during periods of economic downturns.
Stock price volatility, influenced by market conditions, investor sentiment, and company-specific factors.

CM Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View CM analyst ratings or view top-rated stocks.
What is Canadian Imperial Bank of Commerce's stock price target for 2024?: 7 brokers have issued 1 year price targets for Canadian Imperial Bank of Commerce's shares. Their CM share price targets range from $45.00 to $67.00. On average, they expect the company's stock price to reach $58.50 in the next twelve months. This suggests a possible upside of 36.0% 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 2023?: Canadian Imperial Bank of Commerce's stock was trading at $40.45 at the beginning of the year. Since then, CM shares have increased by 6.4% and is now trading at $43.02.
View the best growth stocks for 2023 here.
Are investors shorting Canadian Imperial Bank of Commerce?: Canadian Imperial Bank of Commerce saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 12,900,000 shares, a decline of 29.9% from the October 15th total of 18,390,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is currently 8.7 days. Currently, 1.4% 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 Friday, February 23rd 2024.
View our CM earnings forecast.
How were Canadian Imperial Bank of Commerce's earnings last quarter?: Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday, November, 30th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.03. The bank earned $5.84 billion during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS.
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 Friday, December 1st. Shareholders of record on Thursday, December 28th will be paid 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 6.16%. The ex-dividend date of this dividend 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 $2.57 per share and currently has a dividend yield of 6.15%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 51.09% 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?: Shares of Canadian Imperial Bank of Commerce split before market open on 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 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 a number of retail and institutional investors. Top institutional investors include Toronto Dominion Bank (2.92%), Bank of Nova Scotia (2.49%), TD Asset Management Inc (2.14%), National Bank of Canada FI (1.72%), CIBC Asset Management Inc (1.11%) and JPMorgan Chase & Co. (0.63%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Imperial Bank of Commerce Stock (NYSE:CM)

CM Stock Price History

CM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

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

Pros

Cons

CM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™