NYSE:CMCanadian 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 reached pandemic status according to the World Health Organization (WHO). Since then, CM shares have increased by 8.3% and is now trading at $67.36. View which stocks have been most impacted by Coronavirus.

13 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 2 buy ratings 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 Thursday, August 27th 2020. View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings data on Thursday, May, 28th. The bank reported $0.94 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.17 by $0.23. The bank earned $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. Canadian Imperial Bank of Commerce had a return on equity of 12.95% and a net margin of 14.81%. During the same period in the previous year, the firm posted $2.97 EPS. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Monday, June 29th will be given a dividend of $1.047 per share on Tuesday, July 28th. This represents a $4.19 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Friday, June 26th. View Canadian Imperial Bank of Commerce's dividend history.

13 brokers have issued 1-year price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $65.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $96.57 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Press coverage about CM stock has been trending negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news about Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,100,000 shares, a decrease of 5.5% from the June 15th total of 7,510,000 shares. Based on an average daily trading volume, of 741,900 shares, the short-interest ratio is presently 9.6 days. Currently, 1.6% of the company's 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), HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), Boc Hong Kong (BHKLY), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN), NORDEA Bk AB SW/S (NRDBY) and OVERSEA-CHINESE/ADR (OVCHY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include Royal Bank of Canada (RY), AT&T (T), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Verizon Communications (VZ), BCE (BCE), Pfizer (PFE) 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 retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.10%), Addenda Capital Inc. (0.02%), Nexus Investment Management ULC (0.01%), Fulton Bank N. A. (0.01%), Hexavest Inc. (0.00%) and Exane Derivatives (0.00%).

CM stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Hexavest Inc., Envestnet Asset Management Inc., and Fulton Bank N. A..

CM stock was bought by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Gradient Investments LLC, Exane Derivatives, and Nexus Investment Management ULC.

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 $67.36.

Canadian Imperial Bank of Commerce has a market capitalization of $30.00 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.

The official website for Canadian Imperial Bank of Commerce is 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]