NYSE:CMCanadian Imperial Bank of Commerce Stock Price, Forecast & News

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CM shares have increased by 13.2% and is now trading at $70.38.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020.
View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, May, 28th. The bank reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by $0.23. The bank had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Canadian Imperial Bank of Commerce had a return on equity of 12.95% and a net margin of 14.81%. During the same period last year, the business earned $2.97 earnings per share.
View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 29th will be given a dividend of $1.047 per share on Tuesday, July 28th. This represents a $4.19 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, June 26th.
View Canadian Imperial Bank of Commerce's dividend history.

13 brokers have issued 1-year target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $65.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $96.57 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce.

News articles about CM stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the immediate future.
View the latest news about Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 6,220,000 shares, a decline of 16.1% from the June 30th total of 7,410,000 shares. Based on an average trading volume of 563,200 shares, the days-to-cover ratio is currently 11.0 days. Approximately 1.4% of the shares of the stock are sold short.
View Canadian Imperial Bank of Commerce's Current Options Chain.

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), NORDEA Bk AB SW/S (NRDBY), ICICI Bank (IBN), Boc Hong Kong (BHKLY), HANG SENG BK LT/S (HSNGY) and CR AGRICOLE S A/ADR (CRARY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include Royal Bank of Canada (RY), AT&T (T), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Verizon Communications (VZ), BCE (BCE), Pfizer (PFE) 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 a number of institutional and retail investors. Top institutional shareholders include CIBC Asset Management Inc (1.06%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Raymond James & Associates (0.22%), Value Partners Investments Inc. (0.19%), First Trust Advisors LP (0.15%) and Intact Investment Management Inc. (0.14%).

CM stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., First Trust Advisors LP, Pinnacle Financial Partners Inc., M&G Investment Management Ltd., DekaBank Deutsche Girozentrale, Raymond James & Associates, Hexavest Inc., and Zurcher Kantonalbank Zurich Cantonalbank.

CM stock was acquired by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, QV Investors Inc., Intact Investment Management Inc., Value Partners Investments Inc., Galibier Capital Management Ltd., NN Investment Partners Holdings N.V., Addenda Capital Inc., and Assenagon Asset Management S.A..

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, Robinhood, Fidelity, and Charles Schwab.

One share of CM stock can currently be purchased for approximately $70.38.

Canadian Imperial Bank of Commerce has a market capitalization of $31.35 billion and generates $21.64 billion in revenue each year. The bank earns $3.83 billion in net income (profit) each year or $8.97 on an earnings per share basis. Canadian Imperial Bank of Commerce employs 45,157 workers across the globe.

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

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]