NYSE:CM

Canadian Imperial Bank of Commerce Stock Forecast, Price & News

$118.77
+0.28 (+0.24 %)
(As of 06/22/2021 12:00 AM ET)
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Today's Range
$117.48
$118.84
50-Day Range
$97.93
$120.40
52-Week Range
$65.22
$120.65
Volume514,463 shs
Average Volume522,775 shs
Market Capitalization$53.34 billion
P/E Ratio13.08
Dividend Yield2.79%
Beta1.12
30 days | 90 days | 365 days | Advanced Chart
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Canadian Imperial Bank of Commerce logo

About Canadian Imperial Bank of Commerce

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 Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company 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 credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management 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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MarketRank

Overall MarketRank

1.85 out of 5 stars

Finance Sector

328th out of 1,980 stocks

Commercial Banks, Not Elsewhere Classified Industry

10th out of 73 stocks

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

Is Canadian Imperial Bank of Commerce a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
View analyst ratings for Canadian Imperial Bank of Commerce
or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Imperial Bank of Commerce?

Wall Street analysts have given Canadian Imperial Bank of Commerce a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Imperial Bank of Commerce wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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, August 26th 2021.
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) issued its quarterly earnings data on Wednesday, May, 26th. The bank reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.03 by $0.56. The bank earned $4.93 billion during the quarter, compared to the consensus estimate of $4.97 billion. Canadian Imperial Bank of Commerce had a net margin of 23.76% and a trailing twelve-month return on equity of 15.27%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share.
View Canadian Imperial Bank of Commerce's earnings history
.

How has Canadian Imperial Bank of Commerce's stock been impacted by Coronavirus?

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 91.0% and is now trading at $118.77.
View which stocks have been most impacted by COVID-19
.

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 announced a quarterly dividend on Friday, May 28th. Shareholders of record on Monday, June 28th will be given a dividend of $1.2051 per share on Wednesday, July 28th. This represents a $4.82 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, June 25th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.17.
View Canadian Imperial Bank of Commerce's dividend history
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.79%. Canadian Imperial Bank of Commerce does not yet have a strong track record of dividend growth. The dividend payout ratio of Canadian Imperial Bank of Commerce is 45.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 28.85% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.
View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

11 equities research analysts have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $108.25 to $159.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $129.45 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce
or view top-rated stocks among Wall Street analysts.

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 55, Pay $2.14M)
  • Mr. Hratch Panossian, Sr. EVP & CFO and Enterprise Strategy
  • Mr. Harry K. Culham, Sr. EVP and Group Head of Capital Markets & Direct Financial Services
  • Ms. Laura L. Dottori-Attanasio, Sr. EVP & Group Head of Personal and Bus. Banking - Canada (Age 53, Pay $1.25M)
  • Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
  • Mr. Roman Dubczak, Head of Global Investment Banking & MD
  • Ms. Christina C. Kramer, Sr. EVP and Group Head of Technology, Infrastructure & Innovation
  • Ms. Kikelomo Lawal, Exec. VP & Chief Legal Officer
  • Ms. Sandra R. Sharman, Sr. EVP and Group Head of People, Culture & Brand (Age 58)
  • Mr. John P. Ferren, Sr. VP of Deposit Products & Analytics

What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

1,528 employees have rated Canadian Imperial Bank of Commerce CEO Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among Canadian Imperial Bank of Commerce's employees.

Who are some of Canadian Imperial Bank of Commerce's key 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), The Bank of Nova Scotia (BNS), The 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).

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 a number of institutional and retail investors. Top institutional investors include Bank of Nova Scotia (2.91%), Toronto Dominion Bank (2.66%), TD Asset Management Inc. (2.57%), CIBC World Markets Inc. (1.53%), CIBC Asset Management Inc (1.37%) and The Manufacturers Life Insurance Company (0.65%).

Which institutional 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, Great West Life Assurance Co. Can, Healthcare of Ontario Pension Plan Trust Fund, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, CIBC World Markets Inc., Renaissance Technologies LLC, Bank of Nova Scotia, and Letko Brosseau & Associates Inc..

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

CM stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., D. E. Shaw & Co. Inc., Mufg Securities Canada LTD., Man Group plc, Morgan Stanley, CIBC Asset Management Inc, Russell Investments Group Ltd., and BlackRock Inc..

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of CM stock can currently be purchased for approximately $118.77.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce has a market capitalization of $53.34 billion and generates $18.76 billion in revenue each year. The bank earns $2.82 billion in net income (profit) each year or $7.21 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

Canadian Imperial Bank of Commerce employs 44,066 workers across the globe.

Does Canadian Imperial Bank of Commerce have any subsidiaries?

The following companies are subsidiares of Canadian Imperial Bank of Commerce: AT Investment Advisers Inc., Atlantic Trust Company National Association, Atlantic Trust Group LLC, CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bank and Trust Company (Cayman) Limited, CIBC Capital Corporation, CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Delaware Funding Corp., CIBC Holdings (Cayman) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC Reinsurance Company Limited, CIBC Securities Inc., CIBC Trust Company (Bahamas) Limited, CIBC Trust Corporation, CIBC USA Holdings Inc., CIBC WM Real Estate (Quebec) Ltd., CIBC WM Real Estate Ltd., CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., CIBC World Markets plc, Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Wealth Management Bank (Barbados), Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, and Wellington Financial.

When was Canadian Imperial Bank of Commerce founded?

Canadian Imperial Bank of Commerce was founded in 1867.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

Where are Canadian Imperial Bank of Commerce's headquarters?

Canadian Imperial Bank of Commerce is headquartered at COMMERCE COURT, TORONTO A6, M5L 1A2.

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 6/23/2021 by MarketBeat.com Staff
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