Canadian Imperial Bank of Commerce Stock Forecast, Price & News

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CM shares have increased by 19.9% and is now trading at $74.53.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 6 hold ratings and 5 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, December 3rd 2020.
View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) released its earnings results on Thursday, August, 27th. The bank reported $2.71 EPS for the quarter, beating the Zacks' consensus estimate of $2.18 by $0.53. Canadian Imperial Bank of Commerce had a net margin of 14.77% and a return on equity of 12.28%. During the same quarter last year, the firm earned $3.10 earnings per share.
View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, August 28th. Stockholders of record on Monday, September 28th will be paid a dividend of $1.1105 per share on Wednesday, October 28th. This represents a $4.44 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, September 25th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.05.
View Canadian Imperial Bank of Commerce's dividend history.

11 analysts have issued 1-year price targets 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 stock price to reach $99.78 in the next year. This suggests a possible upside of 33.9% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a increase in short interest in September. As of September 15th, there was short interest totaling 5,730,000 shares, an increase of 15.3% from the August 31st total of 4,970,000 shares. Based on an average daily trading volume, of 403,900 shares, the short-interest ratio is presently 14.2 days. Approximately 1.3% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest.

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), HDFC Bank (HDB), Toronto-Dominion Bank (TD), COMWLTH BK AUS/S (CMWAY), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ANZ (ANZBY), ICICI Bank (IBN), Banco Santander (SAN), NORDEA Bk AB SW/S (NRDBY), HANG SENG BK LT/S (HSNGY) and Boc Hong Kong (BHKLY).
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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 a number of institutional and retail investors. Top institutional investors include Toronto Dominion Bank (3.32%), TD Asset Management Inc. (3.05%), Vanguard Group Inc. (3.05%), Bank of Nova Scotia (2.55%), CIBC Asset Management Inc (1.06%) and Great West Life Assurance Co. Can (0.88%).

CM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Cardinal Capital Management Inc., TD Asset Management Inc., Guardian Capital LP, Vanguard Group Inc., Goldman Sachs Group Inc., Alberta Investment Management Corp, and Federated Hermes Inc..

CM stock was purchased by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, CIBC Asset Management Inc, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., Intact Investment Management Inc., and Bank of Nova Scotia.

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 $74.53.

Canadian Imperial Bank of Commerce has a market capitalization of $33.20 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]