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NYSE:CM

Canadian Imperial Bank of Commerce Stock Forecast, Price & News

$75.82
-1.41 (-1.83 %)
(As of 09/21/2020 03:05 PM ET)
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Compare
Today's Range
$74.80
Now: $75.82▼
$75.86
50-Day Range
$69.35
MA: $75.21▼
$79.79
52-Week Range
$46.45
Now: $75.82▼
$87.62
Volume23,703 shs
Average Volume581,227 shs
Market Capitalization$33.78 billion
P/E Ratio11.88
Dividend Yield5.49%
Beta1.12
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 Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. It 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 prepaid and credit cards, as well as overdraft protection services. The company also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; commercial and corporate banking services; trade finance, correspondent banking, and online foreign exchange services; and wholesale and asset management services. In addition, it offers investment banking advisory and execution 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.
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Canadian Imperial Bank of Commerce logo

Beat the Market (BTM) Rank™

Analyst Opinion: 4.2Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.47 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:CM
Previous Symbol
CUSIPN/A
CIK1045520
Webwww.cibc.com
Phone416-980-2211

Debt

Debt-to-Equity Ratio0.16
Current Ratio1.04
Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio11.88
Forward P/E Ratio11.12
P/E Growth3.24

Sales & Book Value

Annual Sales$21.64 billion
Price / Sales1.56
Cash Flow$10.37 per share
Price / Cash Flow7.31
Book Value$61.17 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$8.97
Net Income$3.83 billion
Net Margins14.77%
Return on Equity12.28%
Return on Assets0.63%

Miscellaneous

Employees45,157
Outstanding Shares445,504,000
Market Cap$33.78 billion
Next Earnings Date12/3/2020 (Estimated)
OptionableOptionable
$75.82
-1.41 (-1.83 %)
(As of 09/21/2020 03:05 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Canadian Imperial Bank of Commerce's stock been impacted by COVID-19?

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 21.7% and is now trading at $75.66.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Canadian Imperial Bank of Commerce?

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.

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, December 3rd 2020.
View our earnings forecast for Canadian Imperial Bank of Commerce.

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

Canadian Imperial Bank of Commerce (NYSE:CM) released its earnings results on Thursday, August, 27th. The bank reported $2.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.18 by $0.53. Canadian Imperial Bank of Commerce had a return on equity of 12.28% and a net margin of 14.77%. During the same period last year, the firm earned $3.10 earnings per share.
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 declared a quarterly dividend on Friday, August 28th. Shareholders 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 yield of 5.87%. The ex-dividend date is Friday, September 25th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.05.
View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

11 brokers have issued twelve-month price targets for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $65.00 to $120.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $99.78 in the next year. This suggests a possible upside of 31.9% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest in August. As of August 14th, there was short interest totaling 5,200,000 shares, a decrease of 16.4% from the July 30th total of 6,220,000 shares. Based on an average daily volume of 505,000 shares, the short-interest ratio is presently 10.3 days. Currently, 1.2% of the company's stock are sold short.
View Canadian Imperial Bank of Commerce's Short Interest.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

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), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ANZ (ANZBY), ICICI Bank (IBN), Banco Santander (SAN), ING Groep (ING), NORDEA Bk AB SW/S (NRDBY), Boc Hong Kong (BHKLY) and HANG SENG BK LT/S (HSNGY).
View all competitors.

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 Energy Transfer LP Unit (ET).

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 53)
  • Mr. Kevin A. Glass, Sr. EVP & CFO (Age 61)
  • Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
  • Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
  • Mr. John P. Ferren, Sr. VP, Corp. CFO & Investor Relations

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 many different institutional and retail investors. Top institutional shareholders 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%).

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

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..

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

CM stock was bought 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of CM stock can currently be purchased for approximately $75.66.

How big of a company is Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has a market capitalization of $33.71 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.

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 416-980-2211 or via email at [email protected]

This page was last updated on 9/21/2020 by MarketBeat.com Staff
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