Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets. The Company's Retail and Business Banking segment provides personal and business clients across Canada with financial advice, products and services in its banking centers or through remote channels, such as mobile advisors, telephone, online or mobile banking. The Company's Wealth Management segment provides advice and investment solutions. The Company's Capital Markets segment provides integrated credit and global markets products, investment banking advisory services and research to corporate, government and institutional clients around the world.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Money Center Banks
- Sub-Industry: N/A
- Symbol: NYSE:CM
- CUSIP: N/A
- Web: www.cibc.com
Capitalization:- Market Cap: $31.65 billion
- Outstanding Shares: 399,559,000
Average Prices:- 50 Day Moving Avg: $81.41
- 200 Day Moving Avg: $83.68
- 52 Week Range: $72.62 - $92.22
P/E:- Trailing P/E Ratio: 9.16
- Foreward P/E Ratio: 9.84
- P/E Growth: 5.08
Sales & Book Value:- Annual Revenue: $10.76 billion
- Price / Sales: 2.94
- Book Value: $43.24 per share
- Price / Book: 1.83
Dividend:- Annual Dividend: $3.69
- Dividend Yield: 4.5%
Profitability:- Net Margins: 22.84%
- Return on Equity: 19.11%
- Return on Assets: 0.84%
Debt:- Debt-to-Equity Ratio: 0.15%
- Current Ratio: 0.96%
- Quick Ratio: 0.96%
Misc:- Average Volume: 1.05 million shs.
- Beta: 1.06
- Short Ratio: 23.19
Frequently Asked Questions for Canadian Imperial Bank of Commerce (NYSE:CM)
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 announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Tuesday, March 28th will be given a dividend of $0.9698 per share on Friday, April 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, March 24th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.87. 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 of Directors has initiated a stock buyback program on Monday, April 10th 2017, which permits the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
How were Canadian Imperial Bank of Commerce's earnings last quarter?
Canadian Imperial Bank of Commerce (NYSE:CM) announced its earnings results on Thursday, February, 23rd. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.96 by $0.25. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $2.92 billion. Canadian Imperial Bank of Commerce had a net margin of 22.84% and a return on equity of 19.11%. During the same quarter last year, the firm posted $2.55 earnings per share. View Canadian Imperial Bank of Commerce's Earnings History.
Where is Canadian Imperial Bank of Commerce's stock going? Where will Canadian Imperial Bank of Commerce's stock price be in 2017?
10 analysts have issued twelve-month price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $72.00 to $115.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $101.25 in the next twelve months. View Analyst Ratings for Canadian Imperial Bank of Commerce.
Are investors shorting Canadian Imperial Bank of Commerce?
Canadian Imperial Bank of Commerce saw a increase in short interest in the month of April. As of April 13th, there was short interest totalling 13,169,428 shares, an increase of 25.3% from the March 31st total of 10,510,669 shares. Based on an average trading volume of 820,953 shares, the short-interest ratio is presently 16.0 days. Currently, 3.3% of the shares of the company are short sold.
Who are some of Canadian Imperial Bank of Commerce's key competitors?
Some companies that are related to Canadian Imperial Bank of Commerce include PNC Financial Services Group (PNC), Bank of Montreal (BMO), ICICI Bank Ltd (IBN), SunTrust Banks (STI), First Republic Bank (FRC), Credicorp (BAP), Comerica Incorporated (CMA), Banco Santander-Chile (BSAC), City National Corp (CYN), Home Bancshares (HOMB), Sterling Bancorp (STL), TCF Financial (TCF), Hope Bancorp (HOPE), Great Western Bancorp (GWB), Renasant Corp. (RNST), Simmons First National (SFNC), State Bank Financial Corp (STBZ) and Green Bancorp (GNBC).
Who owns Canadian Imperial Bank of Commerce stock?
Canadian Imperial Bank of Commerce's stock is owned by a number of of retail and institutional investors. Top institutional investors include TD Asset Management Inc. (4.93%), Bank of Nova Scotia (3.19%), Vanguard Group Inc. (2.12%), Beutel Goodman & Co Ltd. (1.68%), Acadian Asset Management LLC (1.42%) and OMERS ADMINISTRATION Corp (0.93%). View Institutional Ownership Trends for Canadian Imperial Bank of Commerce.
Who sold Canadian Imperial Bank of Commerce stock? Who is selling Canadian Imperial Bank of Commerce stock?
Canadian Imperial Bank of Commerce's stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Bank of Nova Scotia, UBS Group AG, Renaissance Technologies LLC, Great West Life Assurance Co. Can, Wellington Management Group LLP, Credit Suisse AG and Morgan Stanley. View Insider Buying and Selling for Canadian Imperial Bank of Commerce.
Who bought Canadian Imperial Bank of Commerce stock? Who is buying Canadian Imperial Bank of Commerce stock?
Canadian Imperial Bank of Commerce's stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Barometer Capital Management Inc., Vanguard Group Inc., Karp Capital Management Corp, Beutel Goodman & Co Ltd., Russell Investments Group Ltd., Hillsdale Investment Management Inc. and State of Wisconsin Investment Board. View Insider Buying and Selling for Canadian Imperial Bank of Commerce.
How do I buy Canadian Imperial Bank of Commerce stock?
Shares of Canadian Imperial Bank of Commerce can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Canadian Imperial Bank of Commerce stock cost?
One share of Canadian Imperial Bank of Commerce stock can currently be purchased for approximately $79.22.
Earnings History for Canadian Imperial Bank of Commerce (NYSE:CM)Earnings History by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 2/23/2017 | Q117 | $1.96 | $2.21 | $2.92 billion | $3.15 billion | View | N/A |  |
| 12/1/2016 | 10/31/2016 | $2.48 | $2.60 | $3.78 billion | $3.70 billion | View | N/A | |
| 8/25/2016 | Q316 | $1.79 | $2.67 | $2.98 billion | $3.19 billion | View | Listen | |
| 5/26/2016 | Q2 2016 | $2.32 | $2.40 | $2.78 billion | $2.74 billion | View | N/A | |
| 12/3/2015 | Q415 | $2.34 | $2.36 | $3.59 billion | $3.48 billion | View | N/A | |
| 8/27/2015 | Q3 | $1.81 | $1.99 | $2.79 billion | $2.86 billion | View | Listen | |
| 5/28/2015 | Q2 | $1.82 | $1.84 | $2.90 billion | $2.73 billion | View | Listen | |
| 2/26/2015 | Q1 | $1.99 | $1.89 | $3.04 billion | $2.78 billion | View | N/A | |
| 12/4/2014 | Q4 2014 | $2.02 | $1.97 | $3.10 billion | $2.83 billion | View | N/A | |
| 8/28/2014 | Q3 2014 | $2.04 | $2.04 | $3.15 billion | $3.08 billion | View | N/A | |
| 5/29/2014 | Q2 | $1.90 | $1.99 | $2.99 billion | $2.92 billion | View | N/A | |
| 2/27/2014 | | $2.14 | $2.31 | | | View | N/A | |
| 12/5/2013 | Q4 | $2.09 | $2.08 | | | View | Listen | |
| 8/29/2013 | | $2.11 | $2.19 | | | View | N/A | |
| 5/30/2013 | | $2.04 | $2.04 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)2017 EPS Consensus Estimate: $7.43
2018 EPS Consensus Estimate: $8.23
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $1.69 | $1.86 | $1.79 |
| Q2 2017 | 4 | $1.66 | $1.92 | $1.82 |
| Q3 2017 | 4 | $1.77 | $1.99 | $1.91 |
| Q4 2017 | 4 | $1.81 | $2.00 | $1.91 |
| Q1 2018 | 1 | $2.04 | $2.04 | $2.04 |
| Q2 2018 | 1 | $2.00 | $2.00 | $2.00 |
| Q3 2018 | 1 | $2.08 | $2.08 | $2.08 |
| Q4 2018 | 1 | $2.11 | $2.11 | $2.11 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Canadian Imperial Bank of Commerce (NYSE:CM)| Most Recent Dividend: | 4/28/2017 |
| Annual Dividend: | $3.69 |
| Dividend Yield: | 4.66% |
| Dividend Growth: | -1.40% (3 Year Average) |
| Payout Ratio: | 45.28% (Trailing 12 Months of Earnings)
46.89% (Based on This Year's Estimates)
45.84% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/23/2017 | quarterly | $0.97 | 4.06% | 3/24/2017 | 3/28/2017 | 4/28/2017 |
| 12/1/2016 | | $0.92 | | 12/23/2016 | 12/28/2016 | 1/27/2017 |
| 8/25/2016 | | $0.93 | | 9/26/2016 | 9/28/2016 | 10/28/2016 |
| 2/25/2016 | Quarterly | $0.87 | 4.62% | 3/23/2016 | 3/28/2016 | 4/28/2016 |
| 12/3/2015 | | $0.86 | | 12/24/2015 | 12/29/2015 | 1/28/2016 |
| 8/27/2015 | | $0.85 | | 9/24/2015 | 9/28/2015 | 10/28/2015 |
| 5/29/2015 | quarterly | $0.89 | 4.64% | 6/25/2015 | 6/29/2015 | 7/28/2015 |
| 2/27/2015 | quarterly | $0.84 | 4.41% | 3/25/2015 | 3/27/2015 | 4/28/2015 |
| 12/5/2014 | quarterly | $0.91 | 4.05% | 12/23/2014 | 12/29/2014 | 1/28/2015 |
| 8/28/2014 | quarterly | $0.91 | 3.84% | 9/25/2014 | 9/29/2014 | 10/28/2014 |
| 5/30/2014 | quarterly | $0.92 | 4.17% | 6/25/2014 | 6/27/2014 | 7/28/2014 |
| 2/28/2014 | quarterly | $0.89 | 4.23% | 3/26/2014 | 3/28/2014 | 4/28/2014 |
| 12/5/2013 | | $0.90 | | 12/24/2013 | 12/27/2013 | 1/28/2014 |
| 12/5/2013 | quarterly | $0.90 | 4.33% | 12/24/2013 | 12/27/2013 | 1/28/2014 |
| 8/29/2013 | quarterly | $0.91 | 4.66% | 9/25/2013 | 9/27/2013 | 10/28/2013 |
| 5/30/2013 | quarterly | $0.93 | 4.84% | 6/26/2013 | 6/28/2013 | 7/29/2013 |
| 2/28/2013 | quarterly | $0.94 | 4.54% | 3/26/2013 | 3/28/2013 | 4/29/2013 |
| 12/9/2012 | quarterly | $0.94 | 4.67% | 12/26/2012 | 12/28/2012 | 1/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Canadian Imperial Bank of Commerce (NYSE:CM)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Canadian Imperial Bank of Commerce (NYSE:CM)
Latest Headlines for Canadian Imperial Bank of Commerce (NYSE:CM)
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Canadian Imperial Bank of Commerce (CM) Chart for Thursday, May, 25, 2017
