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

Canadian Imperial Bank of Commerce trades on the New York Stock Exchange (NYSE) under the ticker symbol "CM."

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, August 24th. Investors of record on Friday, September 28th will be paid a dividend of $1.0412 per share on Monday, October 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, September 27th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.04. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce declared that its board has approved a stock buyback program on Monday, April 10th 2017, which authorizes the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its quarterly earnings results on Thursday, August, 23rd. The bank reported $3.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.86. The bank earned $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.77% and a net margin of 21.27%. During the same quarter in the previous year, the business posted $2.77 earnings per share. View Canadian Imperial Bank of Commerce's Earnings History.

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Thursday, November 29th 2018. View Earnings Estimates for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, November 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8008065484.

8 equities research analysts have issued 1-year price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $121.00 to $135.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $127.80 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

8 Wall Street 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Imperial Bank of Commerce.

Headlines about CM stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news impact score of 1.5 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Banco Santander (SAN), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Lloyds Banking Group (LYG), Bank of Montreal (BMO), ING Groep (ING), HANG SENG Bk Lt/S (HSNGY), Banco Santander Brasil (BSBR) and Banco Bilbao Vizcaya Argentaria (BBVA).

Canadian Imperial Bank of Commerce's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (3.95%), Toronto Dominion Bank (2.70%), CIBC Asset Management Inc (1.84%), Acadian Asset Management LLC (1.33%), Deutsche Bank AG (1.14%) and Great West Life Assurance Co. Can (0.98%).

CM stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., The Manufacturers Life Insurance Company , Franklin Resources Inc., Allianz Asset Management GmbH, Korea Investment CORP, Gulf International Bank UK Ltd, Skandinaviska Enskilda Banken AB publ and Scheer Rowlett & Associates Investment Management Ltd..

CM stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Mackenzie Financial Corp, JPMorgan Chase & Co., Pictet Asset Management Ltd., AQR Capital Management LLC, Letko Brosseau & Associates Inc., Great West Life Assurance Co. Can and Toronto Dominion Bank.

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, Scottrade, Fidelity and Charles Schwab.

One share of CM stock can currently be purchased for approximately $86.83.

Canadian Imperial Bank of Commerce has a market capitalization of $38.41 billion and generates $16.73 billion in revenue each year. The bank earns $3.59 billion in net income (profit) each year or $8.89 on an earnings per share basis. Canadian Imperial Bank of Commerce employs 44,928 workers across the globe.

The official website for Canadian Imperial Bank of Commerce is http://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]