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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CM shares have decreased by 4.0% and is now trading at $59.67. View which stocks have been mosted impacted by Coronavirus.

12 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 1 buy rating 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 Wednesday, May 27th 2020. View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) released its quarterly earnings data on Wednesday, February, 26th. The bank reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $1.00. The bank earned $4.87 billion during the quarter, compared to analysts' expectations of $4.77 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.66% and a net margin of 17.70%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.01 earnings per share. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, February 28th. Shareholders of record on Friday, March 27th will be paid a dividend of $1.0955 per share on Tuesday, April 28th. This represents a $4.38 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date is Thursday, March 26th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.09. View Canadian Imperial Bank of Commerce's dividend history.

12 analysts have issued 12 month target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $105.00 to $120.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $110.75 in the next year. This suggests a possible upside of 85.6% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Media headlines about CM stock have trended very negative this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutCanadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a increase in short interest in March. As of March 13th, there was short interest totaling 7,794,900 shares, an increase of 29.1% from the February 27th total of 6,040,000 shares. Based on an average daily trading volume, of 474,300 shares, the days-to-cover ratio is currently 16.4 days. Currently, 1.8% of the company's shares are sold short. 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), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Westpac Banking (WBK), Bank of Montreal (BMO), BNP PARIBAS/S (BNPQY), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), ICICI Bank (IBN), Lloyds Banking Group (LYG) and OVERSEA-CHINESE/ADR (OVCHY).

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), Verizon Communications (VZ), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), AbbVie (ABBV) and Intel (INTC).

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 CLARET ASSET MANAGEMENT Corp (0.01%), Fulton Bank N.A. (0.01%) and Nexus Investment Management Inc. (0.01%).

CM stock was sold by a variety of institutional investors in the last quarter, including Fulton Bank N.A..

CM stock was acquired by a variety of institutional investors in the last quarter, including CLARET ASSET MANAGEMENT Corp, and Nexus Investment Management Inc..

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 $59.67.

Canadian Imperial Bank of Commerce has a market capitalization of $26.54 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]