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Biden to sign massive climate and health care legislation
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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NYSE:CM

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

$53.17
+1.07 (+2.05%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$51.99
$53.36
50-Day Range
$45.25
$55.82
52-Week Range
$45.09
$66.24
Volume
718,521 shs
Average Volume
600,721 shs
Market Capitalization
$48.04 billion
P/E Ratio
9.46
Dividend Yield
5.04%
Price Target
$84.00

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
57.8% Upside
$83.92 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
-0.35mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.89%
From $5.81 to $5.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Finance Sector

284th out of 924 stocks

Commercial Banks, Not Elsewhere Classified Industry

14th out of 33 stocks

CM stock logo

About Canadian Imperial Bank of Commerce (NYSE:CM) Stock

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, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Canadian Imperial Bank of Commerce Price Performance

Shares of Canadian Imperial Bank of Commerce stock traded up $0.39 during midday trading on Tuesday, reaching $52.49. The company had a trading volume of 10,137 shares, compared to its average volume of 623,629. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $47.42 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The stock has a fifty day simple moving average of $49.77 and a 200 day simple moving average of $56.45. Canadian Imperial Bank of Commerce has a 1-year low of $45.09 and a 1-year high of $66.24.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Rating) (TSE:CM) last announced its quarterly earnings data on Thursday, May 26th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.01. Canadian Imperial Bank of Commerce had a net margin of 26.74% and a return on equity of 16.24%. The firm had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.32 billion. During the same period last year, the firm earned $2.85 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Canadian Imperial Bank of Commerce will post 5.81 earnings per share for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Tuesday, June 28th were paid a $0.645 dividend. The ex-dividend date of this dividend was Monday, June 27th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.63. This represents a $2.58 dividend on an annualized basis and a yield of 4.92%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 46.62%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CM. BMO Capital Markets dropped their price objective on shares of Canadian Imperial Bank of Commerce from C$85.00 to C$83.00 in a report on Friday, May 27th. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Thursday, July 7th. TD Securities dropped their price objective on shares of Canadian Imperial Bank of Commerce from C$82.00 to C$78.00 and set a "buy" rating for the company in a report on Friday, May 27th. Bank of America lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "neutral" rating in a report on Tuesday, May 17th. Finally, National Bankshares raised their price objective on shares of Canadian Imperial Bank of Commerce from C$83.50 to C$84.00 in a report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.71.

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CM Stock News Headlines

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CM Canadian Imperial Bank of Commerce
CIBC TO REDEEM PREFERRED SHARES SERIES 45
CIBC announces changes to mutual fund line-up
10 Canadian Stocks to Buy Amid Rate Hikes
See More Headlines
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CM Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 7/28 Dividend
6/27/2022
Dividend Payable
7/28/2022
Today
8/17/2022
Next Earnings (Confirmed)
8/25/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
45,282
Year Founded
1867

Price Target and Rating

Average Stock Price Forecast
$83.92
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+58.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$5.11 billion
Pretax Margin
34.51%

Debt

Sales & Book Value

Annual Sales
$18.53 billion
Cash Flow
$6.92 per share
Book Value
$37.93 per share

Miscellaneous

Free Float
N/A
Market Cap
$48.04 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Victor G. Dodig (Age 56)
    Pres, CEO & Director
    Comp: $2.44M
  • Mr. Hratch Panossian
    Sr. EVP, CFO and Head of Enterprise Strategy
  • Mr. Harry K. Culham
    Sr. EVP and Group Head of Capital Markets & Direct Financial Services
  • Ms. Laura L. Dottori-Attanasio (Age 54)
    Sr. EVP & Group Head of Personal and Bus. Banking - Canada
    Comp: $1.41M
  • Mr. Michael G. Capatides
    Sr. EVP, Group Head of US Region and Pres & 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 (Age 59)
    Sr. EVP and Group Head of People, Culture & Brand
  • Mr. John P. Ferren
    Sr. VP of Deposit Products & Analytics













CM Stock - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CM shares.
View CM analyst ratings
or view top-rated stocks.

What is Canadian Imperial Bank of Commerce's stock price forecast for 2022?

11 Wall Street research analysts have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from $77.00 to $91.00. On average, they predict the company's share price to reach $83.92 in the next twelve months. This suggests a possible upside of 57.8% from the stock's current price.
View analysts price targets for CM
or view top-rated stocks among Wall Street analysts.

How have CM shares performed in 2022?

Canadian Imperial Bank of Commerce's stock was trading at $58.28 at the beginning of the year. Since then, CM shares have decreased by 8.8% and is now trading at $53.17.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a drop in short interest in July. As of July 31st, there was short interest totaling 13,110,000 shares, a drop of 42.8% from the July 15th total of 22,900,000 shares. Based on an average daily trading volume, of 871,100 shares, the short-interest ratio is currently 15.0 days. Approximately 1.5% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest
.

When is Canadian Imperial Bank of Commerce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our CM earnings forecast
.

How can I listen to Canadian Imperial Bank of Commerce's earnings call?

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, August 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "2580988#".

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

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings results on Thursday, May, 26th. The bank reported $1.40 EPS for the quarter, beating the consensus estimate of $1.39 by $0.01. The bank earned $5.38 billion during the quarter, compared to the consensus estimate of $5.32 billion. Canadian Imperial Bank of Commerce had a net margin of 26.74% and a trailing twelve-month return on equity of 16.24%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share.

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 Thursday, May 26th. Investors of record on Tuesday, June 28th will be given a dividend of $0.645 per share on Thursday, July 28th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, June 27th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for CM
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.62 per share and currently has a dividend yield of 5.04%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 44.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

When did Canadian Imperial Bank of Commerce's stock split?

Shares of Canadian Imperial Bank of Commerce split on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were distributed to shareholders after the market closes on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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 Chief Executive Officer Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among the company's employees.

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 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 many different institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (2.80%), Toronto Dominion Bank (2.48%), TD Asset Management Inc. (2.43%), Cibc World Market Inc. (1.39%), Mackenzie Financial Corp (1.13%) and Healthcare of Ontario Pension Plan Trust Fund (0.75%).

How do I buy shares of Canadian Imperial Bank of Commerce?

Shares of CM stock 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 $53.17.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $48.04 billion and generates $18.53 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.62 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

The company employs 45,282 workers across the globe.

Does Canadian Imperial Bank of Commerce have any subsidiaries?
The following companies are subsidiares of Canadian Imperial Bank of Commerce: CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bancorp USA Inc., CIBC Bank USA, CIBC Capital Markets (Europe) S.A., CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Cayman Holdings Limited, CIBC Cayman Reinsurance Limited, CIBC Delaware Trust Company, CIBC Fund Administration Services (Asia) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC National Trust Company, CIBC Private Wealth Advisors Inc., CIBC Private Wealth Group LLC, CIBC Securities Inc., CIBC Trust Corporation, 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., Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Curacao) N.V., FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Bank and Trust Company (Cayman) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) Limited, FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V., FirstCaribbean International Securities Limited, FirstCaribbean International Trust Company (Bahamas) Limited, FirstCaribbean International Wealth Management Bank (Barbados) Limited, Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, Sentry Insurance Brokers Ltd., and Wellington Financial.
Read More
When was Canadian Imperial Bank of Commerce founded?

Canadian Imperial Bank of Commerce was founded in 1867.

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 official website for the company is www.cibc.com. The bank can be reached via phone at (416) 861-3313, via email at alice.dunning@cibc.com, or via fax at 416-980-7012.

This page (NYSE:CM) was last updated on 8/17/2022 by MarketBeat.com Staff

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