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

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

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, December 6th. Investors of record on Friday, December 27th will be paid a dividend of $1.0908 per share on Tuesday, January 28th. This represents a $4.36 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, December 26th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, December, 5th. The bank reported $2.84 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.32 by $0.52. The bank earned $4.77 billion during the quarter, compared to analyst estimates of $4.76 billion. Canadian Imperial Bank of Commerce had a net margin of 17.72% and a return on equity of 15.57%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $3.00 earnings per share. View Canadian Imperial Bank of Commerce's Earnings History.

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Canadian Imperial Bank of Commerce.

10 equities research analysts have issued 1 year price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $104.00 to $126.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $117.00 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

News coverage about CM stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 -1.4 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a increase in short interest in December. As of December 13th, there was short interest totalling 6,960,000 shares, an increase of 17.2% from the November 28th total of 5,940,000 shares. Based on an average daily trading volume, of 468,800 shares, the days-to-cover ratio is currently 14.8 days. Approximately 1.6% of the shares of the company 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), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), Westpac Banking (WBK), Lloyds Banking Group (LYG), ANZ (ANZBY), Bank of Montreal (BMO), Sumitomo Mitsui Financial Grp (SMFG), ICICI Bank (IBN), ING Groep (ING), HANG SENG BK LT/S (HSNGY) and CR AGRICOLE S A/ADR (CRARY).

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

Canadian Imperial Bank of Commerce's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.21%), Hexavest Inc. (0.14%), Galibier Capital Management Ltd. (0.10%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%), Lipe & Dalton (0.01%) and K.J. Harrison & Partners Inc (0.01%).

CM stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Nexus Investment Management Inc., Exane Derivatives, Allred Capital Management LLC, Assenagon Asset Management S.A., Raymond James Trust N.A., Townsend & Associates Inc and Janney Montgomery Scott LLC.

CM stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Cardinal Capital Management Inc., Galibier Capital Management Ltd., K.J. Harrison & Partners Inc, AE Wealth Management LLC, Fulton Bank N.A., Zurcher Kantonalbank Zurich Cantonalbank and Quattro Financial Advisors LLC.

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 $82.37.

Canadian Imperial Bank of Commerce has a market capitalization of $36.67 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]