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

8 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 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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8 analysts have issued 1 year price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from $65.00 to $91.00. On average, they expect the company's share price to reach $81.41 in the next year. This suggests a possible upside of 84.5% from the stock's current price.
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Canadian Imperial Bank of Commerce's stock was trading at $58.28 at the start of the year. Since then, CM shares have decreased by 24.3% and is now trading at $44.13.
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Canadian Imperial Bank of Commerce saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 15,580,000 shares, a decline of 11.3% from the October 31st total of 17,560,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 15.0 days. Currently, 1.7% of the shares of the company are sold short.
View Canadian Imperial Bank of Commerce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CM earnings forecast.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its earnings results on Thursday, December, 2nd. The bank reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.29. The bank had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.10 billion. Canadian Imperial Bank of Commerce had a net margin of 19.88% and a trailing twelve-month return on equity of 15.11%. Canadian Imperial Bank of Commerce's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share.

Canadian Imperial Bank of Commerce announced a quarterly dividend on Thursday, December 1st. Stockholders of record on Wednesday, December 28th will be paid a dividend of $0.627 per share on Friday, January 27th. This represents a $2.51 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, December 27th.
Read our dividend analysis for CM.

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.53 per share and currently has a dividend yield of 5.68%. 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 44.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

Canadian Imperial Bank of Commerce shares split before market open on Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly issued 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.

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.

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).

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

Canadian Imperial Bank of Commerce's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.50%), Toronto Dominion Bank (2.99%), TD Asset Management Inc. (2.41%), Mackenzie Financial Corp (1.11%), CIBC Asset Management Inc (1.00%) and Royal Bank of Canada (0.00%).

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.
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One share of CM stock can currently be purchased for approximately $44.13.

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $39.98 billion and generates $24.67 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.24 on an earnings per share basis.

The company employs 45,282 workers across the globe.

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.