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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CM shares.
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11 Wall Street research analysts have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from $77.00 to $91.00. On average, they predict the company's share price to reach $83.92 in the next twelve months. This suggests a possible upside of 57.8% from the stock's current price.
View analysts price targets for CM or view top-rated stocks among Wall Street analysts.

Canadian Imperial Bank of Commerce's stock was trading at $58.28 at the beginning of the year. Since then, CM shares have decreased by 8.8% and is now trading at $53.17.
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Canadian Imperial Bank of Commerce saw a drop in short interest in July. As of July 31st, there was short interest totaling 13,110,000 shares, a drop of 42.8% from the July 15th total of 22,900,000 shares. Based on an average daily trading volume, of 871,100 shares, the short-interest ratio is currently 15.0 days. Approximately 1.5% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
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Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, August 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "2580988#".

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings results on Thursday, May, 26th. The bank reported $1.40 EPS for the quarter, beating the consensus estimate of $1.39 by $0.01. The bank earned $5.38 billion during the quarter, compared to the consensus estimate of $5.32 billion. Canadian Imperial Bank of Commerce had a net margin of 26.74% and a trailing twelve-month return on equity of 16.24%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 26th. Investors of record on Tuesday, June 28th will be given a dividend of $0.645 per share on Thursday, July 28th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, June 27th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for CM.

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.62 per share and currently has a dividend yield of 5.04%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 44.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

Shares of Canadian Imperial Bank of Commerce split on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were distributed to shareholders after the market closes on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

1,528 employees have rated Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), Cisco Systems (CSCO), Enbridge (ENB), AbbVie (ABBV) and Simon Property Group (SPG).

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

Canadian Imperial Bank of Commerce's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (2.80%), Toronto Dominion Bank (2.48%), TD Asset Management Inc. (2.43%), Cibc World Market Inc. (1.39%), Mackenzie Financial Corp (1.13%) and Healthcare of Ontario Pension Plan Trust Fund (0.75%).

Shares of CM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CM stock can currently be purchased for approximately $53.17.

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $48.04 billion and generates $18.53 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.62 on an earnings per share basis.

The company employs 45,282 workers across the globe.

Canadian Imperial Bank of Commerce was founded in 1867.

Canadian Imperial Bank of Commerce's mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The official website for the company is www.cibc.com. The bank can be reached via phone at (416) 861-3313, via email at alice.dunning@cibc.com, or via fax at 416-980-7012.