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

Canadian Imperial Bank of Commerce trades on the New York Stock Exchange (NYSE) under the ticker symbol "CM."

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, December 6th. Shareholders of record on Friday, December 27th will be paid a dividend of $1.0908 per share on Tuesday, January 28th. This represents a $4.36 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Thursday, December 26th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday, December, 5th. The bank reported $2.84 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.32 by $0.52. The bank earned $4.77 billion during the quarter, compared to analysts' expectations of $4.76 billion. Canadian Imperial Bank of Commerce had a net margin of 17.72% and a return on equity of 15.57%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.00 EPS. View Canadian Imperial Bank of Commerce's Earnings History.

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

12 Wall Street analysts have issued 1-year price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $104.00 to $126.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $117.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 12 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

News headlines about CM stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,190,000 shares, a decline of 8.3% from the January 15th total of 6,750,000 shares. Based on an average daily volume of 434,800 shares, the days-to-cover ratio is currently 14.2 days. Approximately 1.4% of the shares of the stock 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), HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Lloyds Banking Group (LYG), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Sumitomo Mitsui Financial Grp (SMFG), ING Groep (ING), CR AGRICOLE S A/ADR (CRARY), HANG SENG BK LT/S (HSNGY) and Barclays (BCS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Intel (INTC), AbbVie (ABBV), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

Canadian Imperial Bank of Commerce's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (3.52%), TD Asset Management Inc. (2.48%), CIBC World Markets Inc. (1.36%), Acadian Asset Management LLC (0.87%), Great West Life Assurance Co. Can (0.81%) and Letko Brosseau & Associates Inc. (0.65%).

CM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Acadian Asset Management LLC, Russell Investments Group Ltd., Commerzbank Aktiengesellschaft FI, QV Investors Inc., Goldman Sachs Group Inc., Public Sector Pension Investment Board and Franklin Resources Inc..

CM stock was bought by a variety of institutional investors in the last quarter, including Guardian Capital LP, Value Partner Investments Inc., Connor Clark & Lunn Investment Management Ltd., Hexavest Inc., Cardinal Capital Management Inc., M&G Investment Management Ltd., Schroder Investment Management Group and Bessemer Group 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 $83.09.

Canadian Imperial Bank of Commerce has a market capitalization of $36.99 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]