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 declared 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 annualized dividend and a yield of 4.33%. The ex-dividend date is Thursday, September 27th. This is a positive change 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 announced that its board has authorized a stock buyback plan on Monday, April 10th 2017, which permits the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors 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 for the quarter, topping analysts' consensus estimates of $2.22 by $0.86. The bank had revenue of $3.52 billion for 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 period in the prior 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.

9 Wall Street analysts have issued 12 month target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $89.00 to $135.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $121.1429 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

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

News coverage about CM stock has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media headlines about the bank an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (4.17%), Toronto Dominion Bank (2.65%), CIBC Asset Management Inc (1.82%), Acadian Asset Management LLC (1.32%), Bank of Nova Scotia (1.17%) and OMERS ADMINISTRATION Corp (1.16%).

CM stock was sold by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., TD Asset Management Inc., Acadian Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Russell Investments Group Ltd., FMR LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Canada Pension Plan Investment Board.

CM stock was bought by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, OMERS ADMINISTRATION Corp, Letko Brosseau & Associates Inc., Unigestion Holding SA, First Republic Investment Management Inc., Bank of Nova Scotia, Scheer Rowlett & Associates Investment Management Ltd. and Bridgewater Associates LP.

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 $96.24.

Canadian Imperial Bank of Commerce has a market capitalization of $42.36 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.

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]