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

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$96.24 -0.21 (-0.22 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$96.45
Today's Range$96.17 - $96.74
52-Week Range$85.47 - $100.01
Volume470,400 shs
Average Volume357,015 shs
Market Capitalization$42.36 billion
P/E Ratio10.85
Dividend Yield4.30%
Beta1.2
Canadian Imperial Bank of Commerce logoCanadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. It offers chequing, savings, tax free savings, and business accounts; loans, lines of credit, student lines of credit, and business and agriculture loans; fixed and variable rate, first time home buyer, and commercial mortgages; rapid and franchise financing services; and home power plan solutions. The company also provides prepaid, credit, and commercial cards; and guaranteed investment certificates, investment banking, mutual funds, structured notes, education RESPs, and disability RDSPs, as well as portfolio, business, and investment solutions. In addition, it offers government supported programs; travel and creditor insurance products; specialty services, such as established business, agriculture, and indigenous banking services, as well as banking services for professionals; and custody, corporate trust, and transfer agency services. Further, the company provides student, youth, senior, newcomers, and foreign workers banking offers, as well as banking bundles. Additionally, it offers overdraft protection, switch kit, retirement planning, precious metal purchasing, cash management, merchant, trade finance, correspondent banking, community commitment, asset management, self-directed brokerage, and online foreign exchange services, as well as mobile, online, and ATM services. The company also operates an advice center. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CM
CUSIPN/A
Phone416-980-2211

Debt

Debt-to-Equity Ratio0.12
Current Ratio1.05
Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio10.85
Forward P/E Ratio10.29
P/E Growth1.85

Sales & Book Value

Annual Sales$16.73 billion
Price / Sales2.55
Cash Flow$9.3801 per share
Price / Cash10.26
Book Value$55.92 per share
Price / Book1.72

Profitability

EPS (Most Recent Fiscal Year)$8.89
Net Income$3.59 billion
Net Margins21.27%
Return on Equity17.77%
Return on Assets0.94%

Miscellaneous

Employees44,928
Outstanding Shares443,270,000
Market Cap$42.36 billion

Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

What is Canadian Imperial Bank of Commerce's stock symbol?

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

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 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.

How will Canadian Imperial Bank of Commerce's stock buyback program work?

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.

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

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.

When is Canadian Imperial Bank of Commerce's next earnings date?

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.

What price target have analysts set for CM?

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.

What is the consensus analysts' recommendation 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.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

Who are Canadian Imperial Bank of Commerce's key executives?

Canadian Imperial Bank of Commerce's management team includes the folowing people:
  • Mr. Victor G. Dodig, Pres, Chief Exec. Officer & Director (Age 52)
  • Mr. Kevin A. Glass, Sr. Exec. VP & CFO (Age 60)
  • Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
  • Mr. Larry D. Richman, Sr. EVP & Group Head of US Region (Age 65)
  • Mr. Deepak K. Khandelwal, Sr. EVP & Group Head of Client Connectivity and Innovation

Has Canadian Imperial Bank of Commerce been receiving favorable news coverage?

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.

Who are Canadian Imperial Bank of Commerce's major shareholders?

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%).

Which major investors are selling Canadian Imperial Bank of Commerce stock?

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.

Which major investors are buying Canadian Imperial Bank of Commerce stock?

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.

How do I buy shares of Canadian Imperial Bank of Commerce?

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.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately $96.24.

How big of a company is Canadian Imperial Bank of Commerce?

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.

How can I contact Canadian Imperial Bank of Commerce?

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]


MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  326 (Vote Outperform)
Underperform Votes:  551 (Vote Underperform)
Total Votes:  877
MarketBeat's community ratings are surveys of what our community members think about Canadian Imperial Bank of Commerce and other stocks. Vote "Outperform" if you believe CM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/22/2018 by MarketBeat.com Staff

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