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

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CM shares have decreased by 6.8% and is now trading at $57.97. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its earnings results on Wednesday, February, 26th. The bank reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $1.00. The bank had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.77 billion. Canadian Imperial Bank of Commerce had a net margin of 17.70% and a return on equity of 15.66%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.01 EPS. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, February 28th. Stockholders of record on Friday, March 27th will be given a dividend of $1.0955 per share on Tuesday, April 28th. This represents a $4.38 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Thursday, March 26th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.09. View Canadian Imperial Bank of Commerce's dividend history.

12 analysts have issued 12-month price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $105.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $110.75 in the next year. This suggests a possible upside of 91.0% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Media coverage about CM stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog 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 media sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCanadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,794,900 shares, an increase of 29.1% from the February 27th total of 6,040,000 shares. Based on an average daily volume of 474,300 shares, the short-interest ratio is presently 16.4 days. Currently, 1.8% of the shares of the 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), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), HANG SENG BK LT/S (HSNGY), Sumitomo Mitsui Financial Grp (SMFG), Westpac Banking (WBK), Bank of Montreal (BMO), ANZ (ANZBY), Lloyds Banking Group (LYG), Boc Hong Kong (BHKLY), ICICI Bank (IBN) and OVERSEA-CHINESE/ADR (OVCHY).

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), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Enbridge (ENB), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), Verizon Communications (VZ), Intel (INTC) and AbbVie (ABBV).

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

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 $57.97.

Canadian Imperial Bank of Commerce has a market capitalization of $25.80 billion and generates $21.64 billion in revenue each year. The bank earns $3.83 billion in net income (profit) each year or $8.97 on an earnings per share basis. Canadian Imperial Bank of Commerce employs 45,157 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]