S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:CM

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

$53.45
-0.03 (-0.06%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$52.62
$54.00
50-Day Range
$51.85
$106.17
52-Week Range
$51.14
$66.24
Volume
876,404 shs
Average Volume
877,136 shs
Market Capitalization
$48.24 billion
P/E Ratio
9.30
Dividend Yield
4.75%
Beta
1.02
30 days | 90 days | 365 days | Advanced Chart
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Canadian Imperial Bank of Commerce logo

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Headlines

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Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
45,282
Year Founded
1867

Sales & Book Value

Annual Sales
$18.53 billion
Cash Flow
$6.77 per share
Book Value
$37.93 per share

Profitability

Net Income
$5.11 billion
Pretax Margin
36.41%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$48.24 billion
Optionable
Optionable

Company Calendar

Last Earnings
2/25/2022
Ex-Dividend for 4/28 Dividend
3/25/2022
Dividend Payable
4/28/2022
Today
5/21/2022
Next Earnings (Confirmed)
5/26/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.61 out of 5 stars

Finance Sector

367th out of 1,351 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 34 stocks

Analyst Opinion: 3.3Community Rank: 3.7Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -













Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

Is Canadian Imperial Bank of Commerce a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
View analyst ratings for Canadian Imperial Bank of Commerce
or view top-rated stocks.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decline in short interest in April. As of April 30th, there was short interest totaling 3,640,000 shares, a decline of 46.7% from the April 15th total of 6,830,000 shares. Based on an average daily volume of 527,500 shares, the short-interest ratio is currently 6.9 days. Approximately 0.8% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest
.

When is Canadian Imperial Bank of Commerce's next earnings date?

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, May 26th 2022.
View our earnings forecast for Canadian Imperial Bank of Commerce
.

How can I listen to Canadian Imperial Bank of Commerce's earnings call?

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, May 26th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "1725009#".

How were Canadian Imperial Bank of Commerce's earnings last quarter?

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Friday, February, 25th. The bank reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.19. The bank had revenue of $4.34 billion for the quarter, compared to analysts' expectations of $5.25 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 16.72% and a net margin of 28.15%. During the same period in the prior year, the business posted $1.39 EPS.
View Canadian Imperial Bank of Commerce's earnings history
.

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, February 25th. Stockholders of record on Monday, March 28th will be paid a dividend of $0.6335 per share on Thursday, April 28th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, March 25th.
View Canadian Imperial Bank of Commerce's dividend history
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce pays an annual dividend of $2.54 per share and currently has a dividend yield of 4.75%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Canadian Imperial Bank of Commerce does not yet have a strong track record of dividend growth. The dividend payout ratio of Canadian Imperial Bank of Commerce is 44.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 46.44% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.
View Canadian Imperial Bank of Commerce's dividend history.

When did Canadian Imperial Bank of Commerce's stock split? How did Canadian Imperial Bank of Commerce's stock split work?

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

What price target have analysts set for CM?

11 brokers have issued 1 year target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $77.00 to $91.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $83.95 in the next twelve months. This suggests a possible upside of 57.1% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce
or view top-rated stocks among Wall Street analysts.

Who are Canadian Imperial Bank of Commerce's key executives?
Canadian Imperial Bank of Commerce's management team includes the following people:
  • Mr. Victor G. Dodig, Pres, CEO & Director (Age 56, Pay $2.45M)
  • Mr. Hratch Panossian, Sr. EVP, CFO and Head of Enterprise Strategy
  • Mr. Harry K. Culham, Sr. EVP and Group Head of Capital Markets & Direct Financial Services
  • Ms. Laura L. Dottori-Attanasio, Sr. EVP & Group Head of Personal and Bus. Banking - Canada (Age 54, Pay $1.41M)
  • Mr. Michael G. Capatides, Sr. EVP, Group Head of US Region and Pres & CEO of CIBC Bank USA
  • Mr. Roman Dubczak, Head of Global Investment Banking & MD
  • Ms. Christina C. Kramer, Sr. EVP and Group Head of Technology, Infrastructure & Innovation
  • Ms. Kikelomo Lawal, Exec. VP & Chief Legal Officer
  • Ms. Sandra R. Sharman, Sr. EVP and Group Head of People, Culture & Brand (Age 59)
  • Mr. John P. Ferren, Sr. VP of Deposit Products & Analytics
What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

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

What other stocks do shareholders of Canadian Imperial Bank of Commerce own?

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).

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."

Who are Canadian Imperial Bank of Commerce's major shareholders?

Canadian Imperial Bank of Commerce's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.29%), Bank of Nova Scotia (2.72%), TD Asset Management Inc. (2.45%), Toronto Dominion Bank (2.18%), Capital World Investors (0.86%) and Cibc World Market Inc. (1.35%).

Which institutional investors are selling Canadian Imperial Bank of Commerce stock?

CM stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Royal Bank of Canada, Cibc World Market Inc., Toronto Dominion Bank, OMERS ADMINISTRATION Corp, Federated Hermes Inc., CIBC Asset Management Inc, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

Which institutional investors are buying Canadian Imperial Bank of Commerce stock?

CM stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Bank of Nova Scotia, Bank of Montreal Can, Principal Financial Group Inc., Clearbridge Investments LLC, Vanguard Group Inc., Connor Clark & Lunn Investment Management Ltd., and JPMorgan Chase & Co..

How do I buy shares of Canadian Imperial Bank of Commerce?

Shares of CM 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.
Compare Top Brokerages Here.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately $53.45.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce has a market capitalization of $48.24 billion and generates $18.53 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.75 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

Canadian Imperial Bank of Commerce employs 45,282 workers across the globe.

Does Canadian Imperial Bank of Commerce have any subsidiaries?

The following companies are subsidiares of Canadian Imperial Bank of Commerce: AT Investment Advisers Inc., Atlantic Trust Company National Association, Atlantic Trust Group LLC, CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bank and Trust Company (Cayman) Limited, CIBC Capital Corporation, CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Delaware Funding Corp., CIBC Holdings (Cayman) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC Reinsurance Company Limited, CIBC Securities Inc., CIBC Trust Company (Bahamas) Limited, CIBC Trust Corporation, CIBC USA Holdings Inc., CIBC WM Real Estate (Quebec) Ltd., CIBC WM Real Estate Ltd., CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., CIBC World Markets plc, Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Wealth Management Bank (Barbados), Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, and Wellington Financial.

When was Canadian Imperial Bank of Commerce founded?

Canadian Imperial Bank of Commerce was founded in 1867.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

How can I contact Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce's mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The bank can be reached via phone at (416) 861-3313, via email at [email protected], or via fax at 416-980-7012.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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