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

$41.27
+2.01 (+5.12%)
(As of 03:52 PM ET)
Compare
Today's Range
$39.90
▼
$41.29
50-Day Range
$34.73
▼
$40.38
52-Week Range
$34.35
▼
$48.26
Volume
2.02 million shs
Average Volume
1.26 million shs
Market Capitalization
$38.43 billion
P/E Ratio
11.25
Dividend Yield
6.25%
Price Target
$58.50
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
42.4% 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
0.35mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.84%
From $4.90 to $4.81 Per Share

Overall MarketRank™

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

2.42 out of 5 stars

Finance Sector

266th out of 876 stocks

Commercial Banks, Not Elsewhere Classified Industry

15th out of 30 stocks

See Top Rated MarketRank™ Stocks Here

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

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 | Tomorrow Investor (Ad)
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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 | Tomorrow Investor (Ad)
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
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 23, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (NYSE:CM) Downgraded by StockNews.com to "Sell"
November 23, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce to Post FY2023 Earnings of $4.85 Per Share, National Bank Financial Forecasts (NYSE:CM)
November 23, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (CM) Scheduled to Post Quarterly Earnings on Thursday
November 22, 2023 | finance.yahoo.com
Government of Canada selects CIBC for updated Green Bond Framework
November 22, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (NYSE:CM) and Banco de Sabadell (OTCMKTS:BNDSF) Head to Head Analysis
November 21, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (NYSE:CM) Given Average Rating of "Hold" by Analysts
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
November 1, 2023 | finance.yahoo.com
CIBC Innovation Banking Provides Growth Capital Financing to Jirav Inc.
October 26, 2023 | finance.yahoo.com
Chile Slows Pace of Interest Rate Cuts and Halts Dollar Purchases on Global Uncertainties
October 23, 2023 | theglobeandmail.com
Closing Bell: Canadian Imperial Bank of Commerce up on Monday (CM)
October 17, 2023 | finance.yahoo.com
Oil Near $86 as Biden Commits to Israel Trip to Contain Crisis
See More Headlines
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Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 10/27 Dividend
9/27/2023
Dividend Payable
10/27/2023
Today
11/30/2023
Next Earnings (Confirmed)
11/30/2023
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
+49.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.67
Trailing P/E Ratio
10.70
Forward P/E Ratio
8.01
P/E Growth
2.67
Net Income
$4.83 billion
Net Margins
9.26%
Pretax Margin
12.88%
Return on Equity
13.29%
Return on Assets
0.66%

Debt

Debt-to-Equity Ratio
0.14
Current Ratio
1.05
Quick Ratio
1.05

Sales & Book Value

Annual Sales
$22.82 billion
Price / Sales
1.60
Cash Flow
$6.66 per share
Price / Cash Flow
5.90
Book Value
$40.95 per share
Price / Book
0.96

Miscellaneous

Outstanding Shares
931,089,000
Free Float
N/A
Market Cap
$36.56 billion
Optionable
Optionable
Beta
1.01

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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 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?

8 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 1 sell rating, 4 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?

8 Wall Street analysts have issued 12 month price targets for Canadian Imperial Bank of Commerce's stock. 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 42.4% 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 stock has increased by 1.5% and is now trading at $41.07.
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 trading volume of 1,480,000 shares, the days-to-cover ratio is presently 8.7 days. Currently, 1.4% of the company's stock are short sold.
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, November 30th 2023.
View our CM earnings forecast.

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

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings data on Thursday, December, 2nd. The bank reported $1.69 EPS for the quarter, topping the consensus estimate of $1.40 by $0.29. The bank had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.10 billion. Canadian Imperial Bank of Commerce had a net margin of 9.26% and a trailing twelve-month return on equity of 13.29%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 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 declared a quarterly dividend on Thursday, August 31st. Investors of record on Thursday, September 28th will be given a dividend of $0.657 per share on Friday, October 27th. This represents a $2.63 annualized dividend and a yield of 6.40%. The ex-dividend date is Wednesday, September 27th. This is an increase from the stock's previous quarterly dividend of $0.64.
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 6.67%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 53.64% 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's stock split before market open on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were distributed 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 variety of institutional and retail investors. Top institutional shareholders 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 11/30/2023 by MarketBeat.com Staff

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