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

$46.01
-0.17 (-0.37%)
(As of 02/3/2023 02:32 PM ET)
Add
Compare
Today's Range
$45.85
$46.40
50-Day Range
$39.50
$48.71
52-Week Range
$39.40
$65.89
Volume
548,614 shs
Average Volume
840,779 shs
Market Capitalization
$41.70 billion
P/E Ratio
8.78
Dividend Yield
5.51%
Price Target
$79.30

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
71.7% Upside
$79.30 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
0.98mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.78%
From $5.07 to $5.16 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Finance Sector

34th out of 865 stocks

Commercial Banks, Not Elsewhere Classified Industry

4th out of 31 stocks

CM stock logo

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

Canadian Imperial Bank of Commerce was formed in 1961 with the merger of the Canadian Bank of Commerce and Imperial Bank of Canada. The merger, the largest in Canadian banking history, gave the Canadian Imperial Bank of Commerce its name but not its true origin. The founding banks originated in 1867 and 1873 respectively and were among the country’s oldest surviving banks at the time. The business is headquartered in Toronto and located at the iconic CIBC Square in downtown Toronto.

Today, the Canadian Imperial Bank of Commerce is a diversified international financial institution serving more than 13 million clients globally. It provides a full range of financial products and services for individuals, families, businesses and institutions in North America and around the world. The company’s goal is to create value by providing consistent returns and sustainable growth. The company maintains a lower-than-average credit profile to help achieve that goal and keep it in a position to take advantage of strategic opportunities.

The Canadian Imperial Bank of Commerce operates in 4 segments that include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. In late 2022 the company brought in over C$20 billion in revenue, had more than C$678 billion in deposits and had more than C$896 million in total assets. In regard to the bank’s health, it carries high AA or A+ investment grade credit ratings from all the major credit rating agencies.

The company’s products and services include personal and business deposit accounts, checking, savings, credit cards, and loans. Loans include mortgages, business credit, student loans, and agri-business. Other products include investment services, wealth management, and insurance services. Canadian Imperial Bank of Commerce’s digital platform, which was the first launched in Canada, is award-winning and ranked #1 for customer satisfaction by J.D. Power.

Canadian Imperial Bank of Commerce’s strategy is built on 3 drivers. The first is focusing on high-growth, high-traffic client demographics, the second is elevating the customer experience through digital and the third is investing in differentiators within fast-growing markets. Canadian Imperial Bank of Commerce is also a committed dividend payer that has not only paid a dividend every year since its inception but increases it on a regular basis as well. The company is also well-known for its long-term dividend growth and has a 15-year CAGR above 5.0%.

Canadian Imperial Bank of Commerce is committed to sustainability. The company’s efforts won it a spot on Canada’s Greenest Employers list for 2022 as well as recognition as Best Diversity Employer and for gender equality.

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CM Stock News Headlines

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CIBC comments on ruling in Cerberus matter
See More Headlines
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CM Company Calendar

Last Earnings
12/01/2022
Ex-Dividend for 1/27 Dividend
12/27/2022
Dividend Payable
1/27/2023
Today
2/03/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
50,427
Year Founded
1867

Price Target and Rating

Average Stock Price Forecast
$79.30
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+72.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$4.83 billion
Pretax Margin
25.42%

Debt

Sales & Book Value

Annual Sales
$24.67 billion
Cash Flow
$6.59 per share
Book Value
$40.95 per share

Miscellaneous

Free Float
N/A
Market Cap
$41.70 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Victor DodigVictor Dodig
    President, CEO & Non-Independent Director
  • Hratch PanossianHratch Panossian
    Chief Financial Officer & Senior Executive VP
  • Christina KramerChristina Kramer
    Senior EVP-Technology, Infrastructure & Innovation
  • Harry Kenneth Culham
    Senior Executive VP & Group Head-Capital Markets
  • Jon Hountalas
    Senior EVP & Group Head-Commercial Banking













CM Stock - Frequently Asked Questions

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

8 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 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CM, but not buy additional shares or sell existing shares.
View CM analyst ratings
or view top-rated stocks.

What is Canadian Imperial Bank of Commerce's stock price forecast for 2023?

8 analysts have issued twelve-month price targets for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from $61.00 to $91.00. On average, they anticipate the company's share price to reach $79.30 in the next twelve months. This suggests a possible upside of 71.7% 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 2023?

Canadian Imperial Bank of Commerce's stock was trading at $40.45 at the beginning of 2023. Since then, CM shares have increased by 14.2% and is now trading at $46.18.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 15,640,000 shares, a drop of 40.8% from the December 31st total of 26,400,000 shares. Based on an average daily volume of 948,600 shares, the days-to-cover ratio is presently 16.5 days. Approximately 1.7% of the shares of the company are sold short.
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 Friday, February 24th 2023.
View our CM earnings forecast
.

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, December, 1st. The bank reported $1.08 EPS for the quarter, missing the consensus estimate of $1.29 by $0.21. The bank earned $4.18 billion during the quarter, compared to analysts' expectations of $4.36 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 14.81% and a net margin of 19.88%.

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 Thursday, December 1st. Stockholders of record on Wednesday, December 28th will be given a dividend of $0.627 per share on Friday, January 27th. This represents a $2.51 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Tuesday, December 27th.
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 $2.53 per share and currently has a dividend yield of 5.56%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 49.03% 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 issued shares were payable 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 a variety of institutional and retail investors. Top institutional investors include National Bank of Canada FI (1.61%), Bank of Montreal Can (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Value Partners Investments Inc. (0.14%), Lincluden Management Ltd. (0.10%) and Galibier Capital Management Ltd. (0.09%).

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 $46.18.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $41.85 billion and generates $24.67 billion in revenue each year. The bank earns $4.83 billion in net income (profit) each year or $5.24 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

The company employs 50,427 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.
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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) 980-2211, via email at alice.dunning@cibc.com, or via fax at 416-980-7012.

This page (NYSE:CM) was last updated on 2/3/2023 by MarketBeat.com Staff