Canadian Imperial Bank of Commerce Company Profile (NYSE:CM)

About Canadian Imperial Bank of Commerce (NYSE:CM)

Canadian Imperial Bank of Commerce logoCanadian 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: $31.28 billion
  • Outstanding Shares: 399,559,000
Average Prices:
  • 50 Day Moving Avg: $81.11
  • 200 Day Moving Avg: $83.60
  • 52 Week Range: $72.62 - $92.22
P/E:
  • Trailing P/E Ratio: 9.06
  • Foreward P/E Ratio: 9.67
  • P/E Growth: 6.64
Sales & Book Value:
  • Annual Revenue: $10.76 billion
  • Price / Sales: 2.91
  • Book Value: $43.24 per share
  • Price / Book: 1.81
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: 1.06 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 Friday, May 26th. Shareholders of record on Wednesday, June 28th will be paid a dividend of $0.9406 per share on Friday, July 28th. This represents a $3.76 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, June 26th. 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 approved a stock buyback plan 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally 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) released its quarterly earnings results on Thursday, February, 23rd. The company reported $2.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.96 by $0.25. The company had revenue of $3.15 billion for 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 in the prior year, the firm posted $2.55 EPS. 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 brokerages have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $72.00 to $115.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $101.25 in the next year. 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 daily volume of 820,953 shares, the days-to-cover ratio is currently 16.0 days. Approximately 3.3% of the company's stock are sold short.

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

Who owns Canadian Imperial Bank of Commerce stock?

Canadian Imperial Bank of Commerce's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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 purchased 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 $78.29.

Analyst Ratings

Consensus Ratings for Canadian Imperial Bank of Commerce (NYSE:CM) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $101.25 (29.33% upside)

Analysts' Ratings History for Canadian Imperial Bank of Commerce (NYSE:CM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/18/2017National Bank FinancialReiterated RatingOutperform OverweightLowView Rating Details
3/31/2017Credit Suisse Group AGUpgradeUnderperform -> NeutralLowView Rating Details
2/24/2017Keefe, Bruyette & WoodsUpgradeUnderperform -> Mkt PerformN/AView Rating Details
12/4/2016TD SecuritiesReiterated RatingHold$110.00 -> $115.00N/AView Rating Details
11/1/2016Bank of America CorpInitiated CoverageUnderperform$72.00N/AView Rating Details
10/23/2016ScotiabankReiterated RatingSector Perform$105.00N/AView Rating Details
9/21/2016Dundee SecuritiesInitiated CoverageBuyN/AView Rating Details
9/9/2016BMO Capital MarketsReiterated RatingHold$103.00N/AView Rating Details
8/29/2016DesjardinsReiterated RatingBuy$109.00 -> $110.00N/AView Rating Details
8/26/2016Royal Bank of CanadaReiterated RatingSector Perform$104.00 -> $112.00N/AView Rating Details
8/25/2016Canaccord GenuityReiterated RatingHold -> NeutralN/AView Rating Details
8/21/2016Barclays PLCReiterated RatingUnderperform$87.00 -> $93.00N/AView Rating Details
12/4/2015MacquarieBoost Price TargetNeutral$77.00 -> $78.00N/AView Rating Details
11/20/2015Howard WeilDowngradeOutperform -> Sector PerformN/AView Rating Details
10/15/2015Beaufort SecuritiesReiterated RatingBuyN/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Canadian Imperial Bank of Commerce (NYSE:CM)
Earnings by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)
Earnings History by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017Q117$1.96$2.21$2.92 billion$3.15 billionViewN/AView Earnings Details
12/1/201610/31/2016$2.48$2.60$3.78 billion$3.70 billionViewN/AView Earnings Details
8/25/2016Q316$1.79$2.67$2.98 billion$3.19 billionViewListenView Earnings Details
5/26/2016Q2 2016$2.32$2.40$2.78 billion$2.74 billionViewN/AView Earnings Details
12/3/2015Q415$2.34$2.36$3.59 billion$3.48 billionViewN/AView Earnings Details
8/27/2015Q3$1.81$1.99$2.79 billion$2.86 billionViewListenView Earnings Details
5/28/2015Q2$1.82$1.84$2.90 billion$2.73 billionViewListenView Earnings Details
2/26/2015Q1$1.99$1.89$3.04 billion$2.78 billionViewN/AView Earnings Details
12/4/2014Q4 2014$2.02$1.97$3.10 billion$2.83 billionViewN/AView Earnings Details
8/28/2014Q3 2014$2.04$2.04$3.15 billion$3.08 billionViewN/AView Earnings Details
5/29/2014Q2$1.90$1.99$2.99 billion$2.92 billionViewN/AView Earnings Details
2/27/2014$2.14$2.31ViewN/AView Earnings Details
12/5/2013Q4$2.09$2.08ViewListenView Earnings Details
8/29/2013$2.11$2.19ViewN/AView Earnings Details
5/30/2013$2.04$2.04ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)
2017 EPS Consensus Estimate: $7.38
2018 EPS Consensus Estimate: $8.11
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$1.69$1.86$1.79
Q2 20174$1.66$1.92$1.82
Q3 20175$1.77$1.96$1.88
Q4 20175$1.81$1.97$1.89
Q1 20182$2.01$2.01$2.01
Q2 20182$1.96$1.98$1.97
Q3 20181$2.05$2.05$2.05
Q4 20181$2.08$2.08$2.08
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Canadian Imperial Bank of Commerce (NYSE:CM)
Next Dividend:7/28/2017
Annual Dividend:$3.69
Dividend Yield:4.71%
Dividend Growth:-1.40% (3 Year Average)
Payout Ratio:45.28% (Trailing 12 Months of Earnings)
46.53% (Based on This Year's Estimates)
45.56% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)

Dividend History by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/26/2017quarterly$0.944.81%6/26/20176/28/20177/28/2017
2/23/2017quarterly$0.974.06%3/24/20173/28/20174/28/2017
12/1/2016$0.9212/23/201612/28/20161/27/2017
8/25/2016$0.939/26/20169/28/201610/28/2016
2/25/2016Quarterly$0.874.62%3/23/20163/28/20164/28/2016
12/3/2015$0.8612/24/201512/29/20151/28/2016
8/27/2015$0.859/24/20159/28/201510/28/2015
5/29/2015quarterly$0.894.64%6/25/20156/29/20157/28/2015
2/27/2015quarterly$0.844.41%3/25/20153/27/20154/28/2015
12/5/2014quarterly$0.914.05%12/23/201412/29/20141/28/2015
8/28/2014quarterly$0.913.84%9/25/20149/29/201410/28/2014
5/30/2014quarterly$0.924.17%6/25/20146/27/20147/28/2014
2/28/2014quarterly$0.894.23%3/26/20143/28/20144/28/2014
12/5/2013$0.9012/24/201312/27/20131/28/2014
12/5/2013quarterly$0.904.33%12/24/201312/27/20131/28/2014
8/29/2013quarterly$0.914.66%9/25/20139/27/201310/28/2013
5/30/2013quarterly$0.934.84%6/26/20136/28/20137/29/2013
2/28/2013quarterly$0.944.54%3/26/20133/28/20134/29/2013
12/9/2012quarterly$0.944.67%12/26/201212/28/20121/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Canadian Imperial Bank of Commerce (NYSE:CM)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Canadian Imperial Bank of Commerce (NYSE:CM)
Latest Headlines for Canadian Imperial Bank of Commerce (NYSE:CM)
Source:
DateHeadline
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Expected to Announce Quarterly Sales of $2.95 Billion
www.americanbankingnews.com - May 27 at 8:46 AM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - May 26 at 7:14 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Declares $0.94 Quarterly Dividend
www.americanbankingnews.com - May 26 at 5:50 PM
americanbankingnews.com logoCormark Weighs in on Canadian Imperial Bank of Commerce's Q3 2017 Earnings (CM)
www.americanbankingnews.com - May 26 at 9:24 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for Canadian Imperial Bank of Commerce Reduced by Analyst (CM)
www.americanbankingnews.com - May 26 at 9:05 AM
finance.yahoo.com logoCIBC Announces Second Quarter 2017 Results
finance.yahoo.com - May 26 at 4:29 AM
finance.yahoo.com logoCIBC declares dividends
finance.yahoo.com - May 26 at 4:29 AM
finance.yahoo.com logoCanadian Imperial Bank posts 2Q profit
finance.yahoo.com - May 26 at 4:29 AM
nasdaq.com logoCANADA STOCKS-TSX dips as oil price drop offsets bank earnings - Nasdaq
www.nasdaq.com - May 25 at 11:28 PM
fool.ca logo2 Dividend-Growth Stars Yielding 4-6% I'd Buy Today - The Motley Fool Canada
www.fool.ca - May 25 at 11:28 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Given "Outperform Overweight" Rating at National Bank Financial
www.americanbankingnews.com - May 23 at 7:16 AM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 19 at 7:56 AM
americanbankingnews.com logoCormark Comments on Canadian Imperial Bank of Commerce's Q2 2017 Earnings (CM)
www.americanbankingnews.com - May 17 at 8:00 AM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 15 at 11:30 PM
fool.ca logoDoes Canadian Imperial Bank of Commerce Know Something the Rest of Us Don't? - The Motley Fool Canada
www.fool.ca - May 15 at 1:40 PM
finance.yahoo.com logoCanadian Imperial Bank of Commerce, 300 Madison Avenue 2002-A Pass Through Trust -- Moody's Downgrades the CTL rating of CIBC 300 Madison Avenue 2002-A
finance.yahoo.com - May 12 at 9:53 PM
finance.yahoo.com logoMoody's Lowers Debt Ratings of Six Canadian Banks
finance.yahoo.com - May 12 at 4:53 PM
nasdaq.com logoWhy Canadian Imperial Bank of Commerce Is a Top 25 Dividend Stock (CM)
www.nasdaq.com - May 11 at 10:00 PM
finance.yahoo.com logoCommunitech Data Hub opens its doors with founding partners CIBC, City of Waterloo and Quantum Valley Investments
finance.yahoo.com - May 11 at 10:00 PM
finance.yahoo.com logoCards II Trust, Series 2017-1 -- Moody's assigns definitive ratings to CARDS II Trust 2017-1 Notes
finance.yahoo.com - May 11 at 10:00 PM
finance.yahoo.com logoNational Bank of Canada Legislative Global Covered Bond Programme -- Moody's affirms ratings of Canadian bank covered bond programs
finance.yahoo.com - May 11 at 10:00 PM
finance.yahoo.com logoMedia Advisory - CIBC to host its Technology & Innovation Conference 5.0
finance.yahoo.com - May 10 at 4:31 PM
finance.yahoo.com logoCIBC Asset Manager Lifts Home Capital Stake as Others Sell
finance.yahoo.com - May 10 at 4:31 PM
finance.yahoo.com logoCIBC supports clients impacted by flooding in communities across Canada
finance.yahoo.com - May 9 at 9:23 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - May 5 at 8:20 PM
reuters.com logoCIBC sweetens offer for PrivateBancorp with more cash
www.reuters.com - May 4 at 4:31 PM
finance.yahoo.com logoCIBC Boosts PrivateBancorp Offer, Raises Cash Portion by 12%
finance.yahoo.com - May 4 at 4:31 PM
finance.yahoo.com logo[$$] Canadian Imperial Sweetens Its Offer for PrivateBancorp
finance.yahoo.com - May 4 at 4:31 PM
americanbankingnews.com logoQ2 2017 EPS Estimates for Canadian Imperial Bank of Commerce (CM) Cut by Desjardins
www.americanbankingnews.com - May 4 at 9:19 AM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Given Daily News Impact Rating of 0.22
www.americanbankingnews.com - May 4 at 1:13 AM
nasdaq.com logoCanada's Equitable Group adds lenders to C$2 bln loan syndicate - Nasdaq
www.nasdaq.com - May 3 at 4:21 PM
fool.ca logoWhich Big Canadian Bank May Be Hurt the Most by a Housing Correction? - The Motley Fool Canada
www.fool.ca - May 3 at 4:21 PM
finance.yahoo.com logoCards II Trust, Series 2017-1 -- Moody's assigns provisional ratings to CARDS II Trust 2017-1 Notes
finance.yahoo.com - May 3 at 4:21 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Short Interest Up 25.3% in April
www.americanbankingnews.com - May 1 at 7:02 AM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Earns Daily Coverage Optimism Score of 0.07
www.americanbankingnews.com - April 30 at 3:05 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Unlikely to Impact Canadian Imperial Bank of Commerce (CM) Share Price
www.americanbankingnews.com - April 27 at 10:20 PM
americanbankingnews.com logoZacks Investment Research Lowers Canadian Imperial Bank of Commerce (CM) to Hold
www.americanbankingnews.com - April 25 at 9:50 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Receives Media Sentiment Rating of 0.22
www.americanbankingnews.com - April 24 at 8:14 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - April 24 at 9:46 AM
finance.yahoo.com logo[$$] Trump’s Stock Rally Is Causing Problems for This Bank Merger
finance.yahoo.com - April 20 at 9:30 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Extremely Unlikely to Impact Canadian Imperial Bank of Commerce (CM) Stock Price
www.americanbankingnews.com - April 20 at 6:17 PM
nasdaq.com logoCanadian Imperial Bank of Commerce Enters Oversold Territory
www.nasdaq.com - April 19 at 9:20 PM
finance.yahoo.com logoSmall business growth hits level not seen in almost a decade: CIBC Capital Markets
finance.yahoo.com - April 19 at 12:51 PM
finance.yahoo.com logoIs the Reflation Theme in the U.S. Done?
finance.yahoo.com - April 19 at 12:51 PM
nasdaq.com logoCanadian Stocks Are Paring Early Losses - Canadian Commentary
www.nasdaq.com - April 18 at 12:21 PM
americanbankingnews.com logoSomewhat Positive Media Coverage Somewhat Unlikely to Impact Canadian Imperial Bank of Commerce (CM) Stock Price
www.americanbankingnews.com - April 17 at 9:03 PM
msn.com logoWhy Toronto-Dominion Bank Is Actually an Incredible Bargain
www.msn.com - April 17 at 4:10 PM
nasdaq.com logoCanadian Stocks Are Climbing After Easter Break - Canadian Commentary - Nasdaq
www.nasdaq.com - April 17 at 12:08 PM
fool.ca logoWhy Toronto-Dominion Bank Is Actually an Incredible Bargain - The Motley Fool Canada
www.fool.ca - April 17 at 12:08 PM
americanbankingnews.com logoCanadian Imperial Bank of Commerce (CM) Given News Sentiment Rating of 0.07
www.americanbankingnews.com - April 14 at 8:47 PM

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Chart

Canadian Imperial Bank of Commerce (CM) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff