About Canadian Imperial Bank of Commerce (NYSE:CM)
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: Banks
- Sub-Industry: N/A
- Symbol: NYSE:CM
- CUSIP: N/A
- Web: www.cibc.com
Capitalization:- Market Cap: $39.10138 billion
- Outstanding Shares: 435,948,000
Average Prices:- 50 Day Moving Avg: $87.39
- 200 Day Moving Avg: $83.64
- 52 Week Range: $72.62 - $92.22
P/E:- Trailing P/E Ratio: 9.91
- Foreward P/E Ratio: 10.11
- P/E Growth: 4.11
Sales & Book Value:- Annual Revenue: $12.23 billion
- Price / Sales: 3.20
- Book Value: $52.91 per share
- Price / Book: 1.70
Dividend:- Annual Dividend: $4.14
- Dividend Yield: 4.6%
Profitability:- Net Margins: 22.37%
- Return on Equity: 17.75%
- Return on Assets: 0.84%
Debt:- Debt-to-Equity Ratio: 0.11%
- Current Ratio: 0.96%
- Quick Ratio: 0.96%
Misc:- Average Volume: 481,220 shs.
- Beta: 1.09
- Short Ratio: 6.73
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 declared a quarterly dividend on Thursday, August 24th. Investors of record on Thursday, September 28th will be given a dividend of $1.0329 per share on Friday, October 27th. This represents a $4.13 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Wednesday, September 27th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.94. 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 declared that its board has initiated a share repurchase program on Monday, April 10th 2017, which allows the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
How were Canadian Imperial Bank of Commerce's earnings last quarter?
Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, February, 23rd. The company reported $2.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.96 by $0.25. The firm earned $3.15 billion during the quarter, compared to analysts' expectations of $2.92 billion. Canadian Imperial Bank of Commerce had a net margin of 22.37% and a return on equity of 17.75%. During the same quarter in the previous year, the firm earned $2.55 earnings per share. View Canadian Imperial Bank of Commerce's Earnings History.
When will Canadian Imperial Bank of Commerce make its next earnings announcement?
Where is Canadian Imperial Bank of Commerce's stock going? Where will Canadian Imperial Bank of Commerce's stock price be in 2017?
5 equities research analysts have issued 1-year price objectives for Canadian Imperial Bank of Commerce's stock. Their predictions range from $72.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $103.50 in the next year. View Analyst Ratings for Canadian Imperial Bank of Commerce.
Who are some of Canadian Imperial Bank of Commerce's key competitors?
Some companies that are related to Canadian Imperial Bank of Commerce include Bank of Nova Scotia (The) (BNS), Banco Bradesco SA (BBD), ING Group, N.V. (ING), PNC Financial Services Group, Inc. (The) (PNC), Lloyds Banking Group PLC (LYG), Banco Bilbao Vizcaya Argentaria SA (BBVA), Sumitomo Mitsui Financial Group (SMFG), Bank Of Montreal (BMO), Mizuho Financial Group (MFG), Royal Bank Scotland PLC (The) (RBS), Barclays PLC (BCS), Lloyds Banking Group PLC (LLOY), Credit Suisse Group (CS), BB&T Corporation (BBT), Banco Santander Brasil SA (BSBR), Deutsche Bank AG (DB), Barclays PLC (BARC) and Royal Bank of Scotland Group plc (RBS).
Who are Canadian Imperial Bank of Commerce's key executives?
Canadian Imperial Bank of Commerce's management team includes the folowing people:
- John P. Manley J.D., Independent Chairman of the Board
- Victor G. Dodig, President, Chief Executive Officer, Director
- Kevin A. Glass, Chief Financial Officer, Senior Executive Vice President
- Sandy Sharman, Chief Human Resource Officer, Executive Vice President
- Laura Lee Dottori-Attanasio, Senior Executive Vice President, Chief Risk Officer
- Harry K. Culham, Senior Executive Vice-President and Group Head - Capital Markets
- Steve Geist, Senior Executive Vice President and Group Head - Wealth Management
- Jon Hountalas, Executive Vice-President - Business and Corporate Banking
- Christina Kramer, Executive Vice President - Retail Distribution and Channel Strategy
- Kevin Patterson, Senior Executive Vice President - Technology and Operations
Who owns Canadian Imperial Bank of Commerce stock?
Who bought Canadian Imperial Bank of Commerce stock? Who is buying Canadian Imperial Bank of Commerce stock?
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.
What is Canadian Imperial Bank of Commerce's stock price today?
One share of Canadian Imperial Bank of Commerce stock can currently be purchased for approximately $89.72.
MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Canadian Imperial Bank of Commerce (NYSE:CM) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.20) |
| Consensus Price Target: | $103.50 (15.36% upside) |
Consensus Price Target History for Canadian Imperial Bank of Commerce (NYSE:CM)
Analysts' Ratings History for Canadian Imperial Bank of Commerce (NYSE:CM)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/6/2017 | TD Securities | Upgrade | Hold -> Buy | $120.00 | High |  |
| 8/24/2017 | Canaccord Genuity | Set Price Target | Buy | $117.00 | High | |
| 5/18/2017 | National Bank Financial | Reiterated Rating | Outperform Overweight | | Low | |
| 3/31/2017 | Credit Suisse Group | Upgrade | Underperform -> Neutral | | Low | |
| 2/24/2017 | Keefe, Bruyette & Woods | Upgrade | Underperform -> Mkt Perform | | N/A | |
| 11/1/2016 | Bank of America Corporation | Initiated Coverage | Underperform | $72.00 | N/A | |
| 10/23/2016 | Scotiabank | Reiterated Rating | Sector Perform | $105.00 | N/A | |
| 9/21/2016 | Dundee Securities | Initiated Coverage | Buy | | N/A | |
| 9/9/2016 | BMO Capital Markets | Reiterated Rating | Hold | $103.00 | N/A | |
| 8/29/2016 | Desjardins | Reiterated Rating | Buy | $109.00 -> $110.00 | N/A | |
| 8/26/2016 | Royal Bank Of Canada | Reiterated Rating | Sector Perform | $104.00 -> $112.00 | N/A | |
| 8/21/2016 | Barclays PLC | Reiterated Rating | Underperform | $87.00 -> $93.00 | N/A | |
| 12/4/2015 | Macquarie | Boost Price Target | Neutral | $77.00 -> $78.00 | N/A | |
| 11/20/2015 | Howard Weil | Downgrade | Outperform -> Sector Perform | | N/A | |
(Data available from 10/18/2015 forward)
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 |
|---|
| 12/7/2017 | | | | | | | | |
| 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: $7.63
2018 EPS Consensus Estimate: $8.89
| 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 | 5 | $1.77 | $2.22 | $2.01 |
| Q4 2017 | 5 | $1.81 | $2.15 | $2.01 |
| Q1 2018 | 2 | $2.15 | $2.24 | $2.20 |
| Q2 2018 | 2 | $2.19 | $2.20 | $2.20 |
| Q3 2018 | 1 | $2.24 | $2.24 | $2.24 |
| Q4 2018 | 1 | $2.26 | $2.26 | $2.26 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Canadian Imperial Bank of Commerce (NYSE:CM)| Next Dividend: | 10/27/2017 |
| Annual Dividend: | $4.14 |
| Dividend Yield: | 4.61% |
| Dividend Growth: | -1.40% (3 Year Average) |
| Payout Ratio: | 49.82% (Trailing 12 Months of Earnings)
47.42% (Based on This Year's Estimates)
46.67% (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 |
|---|
| 8/24/2017 | quarterly | $1.03 | 4.9% | 9/27/2017 | 9/28/2017 | 10/27/2017 |
| 5/26/2017 | quarterly | $0.94 | 4.81% | 6/26/2017 | 6/28/2017 | 7/28/2017 |
| 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)
| Source: |
|
| Date | Headline |
|---|
 | Canadian Imperial Bank of Commerce (CM) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - October 18 at 10:06 AM |
 | TFSA Investors: 2 Dividend-Growth Stocks Selling for Cheap - The Motley Fool Canada
www.fool.ca - October 11 at 11:54 PM |
 | Canadian Imperial Bank of Commerce : CM-US: Dividend Analysis : September 28th, 2017 (record date) : By the numbers : October 11, 2017
finance.yahoo.com - October 11 at 6:50 PM |
| Canada's young entrepreneurs increasingly drive export trade: CIBC Poll
finance.yahoo.com - October 5 at 11:20 AM |
| CIBC Named Official Banking Partner for 36Squared Business Incubator
finance.yahoo.com - October 3 at 5:09 PM |
| $3.36 Billion in Sales Expected for Canadian Imperial Bank of Commerce (CM) This Quarter
www.americanbankingnews.com - October 2 at 7:52 AM |
| $2.10 EPS Expected for Canadian Imperial Bank of Commerce (CM) This Quarter
www.americanbankingnews.com - September 30 at 2:22 PM |
| 3 Steps to Retire Rich - The Motley Fool Canada
www.fool.ca - September 30 at 12:38 PM |
 | How Canadian Imperial Bank (CM) Stock Stands Out in a Strong Industry - Nasdaq
www.nasdaq.com - September 27 at 7:22 PM |
| New Investors: 2 Things You Might Have Wrong About Stocks - The Motley Fool Canada
www.fool.ca - September 25 at 3:39 PM |
| Canadian Imperial Bank of Commerce: Beat the Market's Irrationality Before it's Too Late - The Motley Fool Canada
www.fool.ca - September 25 at 3:39 PM |
| CIBC calls on Canadians to join in the Promise to be Changemakers in the fight against breast cancer
finance.yahoo.com - September 25 at 12:27 PM |
| How Canadian Imperial Bank Takes Advantage of Switching Costs
finance.yahoo.com - September 25 at 12:27 PM |
| Canadian Imperial Bank of Commerce (CM) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 23 at 6:52 AM |
| Canadian Stocks Are Up Despite Weakness In Commodities - Canadian Commentary
www.nasdaq.com - September 21 at 5:13 PM |
| Media Advisory - CIBC's Victor Dodig to Speak at the CIBC 16th Annual Eastern Institutional Investor Conference
finance.yahoo.com - September 20 at 6:03 PM |
| Media Advisory - 55 leading Canadian companies to present at CIBC's Eastern Institutional Investor Conference
finance.yahoo.com - September 20 at 6:03 PM |
| 3 Value Stocks Perfect for Your Retirement Income - The Motley Fool Canada
www.fool.ca - September 14 at 11:04 PM |
| Canadian Imperial Bank of Commerce (CM) Expected to Post Quarterly Sales of $3.36 Billion
www.americanbankingnews.com - September 13 at 10:08 AM |
| Income Investors: 2 Dividend-Growth Stocks Yielding 5-7% - The Motley Fool Canada
www.fool.ca - September 6 at 5:16 PM |
| Canadian Imperial Bank of Commerce (CM) Upgraded to "Buy" by TD Securities
www.americanbankingnews.com - September 6 at 9:17 AM |
| ETFs with exposure to Canadian Imperial Bank of Commerce : September 1, 2017
finance.yahoo.com - September 1 at 10:35 PM |
| Why Canadian Imperial Bank (CM) Stock Might be a Great Pick
finance.yahoo.com - September 1 at 5:33 PM |
| CIBC Poll: Canadian post-secondary students will spend $14,000 per year and owe $30,000 by graduation, but is it enough?
finance.yahoo.com - August 31 at 5:10 PM |
| CIBC announces $100,000 donation to assist relief efforts following Hurricane Harvey
finance.yahoo.com - August 30 at 5:16 PM |
| Media Advisory - CIBC's Victor Dodig to speak at the 2017 Scotiabank Financials Summit
finance.yahoo.com - August 30 at 5:16 PM |
| Canadian Imperial Bank of Commerce breached its 50 day moving average in a Bearish Manner : CM-US : August 30, 2017
finance.yahoo.com - August 30 at 5:16 PM |
 | CIBC Remains Undervalued - Seeking Alpha
seekingalpha.com - August 29 at 10:45 PM |
| Canadian Imperial Bank of Commerce :CM-US: Earnings Analysis: Q3, 2017 By the Numbers : August 29, 2017
finance.yahoo.com - August 29 at 5:43 PM |
| Canadian Imperial Bank of Commerce :CM-US: Earnings Analysis: Q3, 2017 By the Numbers : August 29, 2017
finance.yahoo.com - August 29 at 5:43 PM |
| Canadian Imperial Bank of Commerce (CM) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 29 at 6:44 AM |
| Equities Analysts Issue Forecasts for Canadian Imperial Bank of Commerce's FY2017 Earnings (CM)
www.americanbankingnews.com - August 28 at 3:18 AM |
| FY2017 Earnings Estimate for Canadian Imperial Bank of Commerce (CM) Issued By Cormark
www.americanbankingnews.com - August 28 at 3:18 AM |
| Canadian Imperial's (CM) Q3 Earnings Improve, Stock Falls
www.nasdaq.com - August 25 at 7:07 PM |
| Canadian Imperial's (CM) Q3 Earnings Improve, Stock Falls
finance.yahoo.com - August 25 at 7:06 PM |
| SOUND Trust -- Moody's ABCP activity ending August 18, 2017
finance.yahoo.com - August 25 at 7:06 PM |
| Q3 2017 EPS Estimates for Canadian Imperial Bank of Commerce (CM) Boosted by Cormark
www.americanbankingnews.com - August 25 at 8:16 AM |
| Q3 2017 EPS Estimates for Canadian Imperial Bank of Commerce Boosted by Analyst (CM)
www.americanbankingnews.com - August 25 at 8:16 AM |
 | Global Market Report - August 24 2017 - Morningstar
www.morningstar.co.uk - August 24 at 10:30 PM |
| Canadian Imperial Bank of Commerce (CM) Declares Dividend Increase - $1.03 Per Share
www.americanbankingnews.com - August 24 at 6:26 PM |
| CIBC Announces Third Quarter 2017 Results
finance.yahoo.com - August 24 at 5:27 PM |
| CIBC Increases Dividends
finance.yahoo.com - August 24 at 5:27 PM |
| CIBC Mortgage Balances Rise Even as Home Prices Slide
finance.yahoo.com - August 24 at 5:26 PM |
| CANADA STOCKS-TSX opens higher as CIBC helps drive up bank shares
finance.yahoo.com - August 24 at 5:26 PM |
| CANADA STOCKS-TSX edges lower as CIBC and energy shares decline
finance.yahoo.com - August 24 at 5:26 PM |
| Canaccord Genuity Analysts Give Canadian Imperial Bank of Commerce (CM) a $117.00 Price Target
www.americanbankingnews.com - August 24 at 1:38 PM |
| Canadian Imperial Bank of Commerce (CM) Releases Quarterly Earnings Results, Beats Expectations By $0.26 EPS
www.americanbankingnews.com - August 24 at 12:56 PM |
| Could a Rally Be on the Horizon for the TSX? - The Motley Fool Canada
www.fool.ca - August 23 at 10:53 PM |
| Income Investors: Look for Dividend Growth as Interest Rates Rise - The Motley Fool Canada
www.fool.ca - August 23 at 7:58 AM |
 | Royal Bank of Canada boosted by sharp rise in wealth management profits - Reuters
www.reuters.com - August 23 at 7:58 AM |
Canadian Imperial Bank of Commerce (CM) Chart for Wednesday, October, 18, 2017
