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

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 Thursday, August 22nd. Investors of record on Friday, September 27th will be given a dividend of $1.091 per share on Monday, October 28th. This represents a $4.36 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, September 26th. 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 (NYSE:CM) released its quarterly earnings data on Thursday, December, 5th. The bank reported $2.84 EPS for the quarter, beating the consensus estimate of $2.28 by $0.56. The bank earned $4.77 billion during the quarter, compared to analysts' expectations of $4.76 billion. Canadian Imperial Bank of Commerce had a net margin of 18.39% and a return on equity of 15.92%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.00 earnings per share. View Canadian Imperial Bank of Commerce's Earnings History.

8 equities research analysts have issued twelve-month price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $123.00 to $140.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $127.60 in the next twelve months. This suggests a possible upside of 54.5% 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 8 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

Headlines about CM stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news impact score of 2.0 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a drop in short interest in October. As of October 15th, there was short interest totalling 6,650,000 shares, a drop of 26.9% from the September 15th total of 9,100,000 shares. Based on an average trading volume of 537,700 shares, the short-interest ratio is presently 12.4 days. Approximately 1.5% of the company's stock are short sold. 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), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), Westpac Banking (WBK), Lloyds Banking Group (LYG), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ANZ (ANZBY), ICICI Bank (IBN), ING Groep (ING), Banco Santander Brasil (BSBR) and CR AGRICOLE S A/ADR (CRARY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Intel (INTC), Enbridge (ENB), Cisco Systems (CSCO), Energy Transfer LP Unit (ET), Simon Property Group (SPG) and Bank of Montreal (BMO).

Canadian Imperial Bank of Commerce's stock is owned by many different of institutional and retail investors. Top institutional shareholders include CIBC Asset Management Inc (1.01%), Great West Life Assurance Co. Can (0.81%), Letko Brosseau & Associates Inc. (0.67%), Alberta Investment Management Corp (0.40%), Beutel Goodman & Co Ltd. (0.37%) and Sumitomo Mitsui Trust Holdings Inc. (0.36%).

CM stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Millennium Management LLC, QV Investors Inc., CIBC Asset Management Inc, Russell Investments Group Ltd., Unigestion Holding SA, Sumitomo Mitsui Trust Holdings Inc. and AMF Pensionsforsakring AB.

CM stock was bought by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Letko Brosseau & Associates Inc., Envestnet Asset Management Inc., Hexavest Inc., Beutel Goodman & Co Ltd., Ilmarinen Mutual Pension Insurance Co, Stifel Financial Corp and BB&T Securities LLC.

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 $82.61.

Canadian Imperial Bank of Commerce has a market capitalization of $36.81 billion and generates $19.34 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $9.34 on an earnings per share basis. Canadian Imperial Bank of Commerce employs 45,091 workers across the globe.View Additional Information About Canadian Imperial Bank of Commerce.

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]