NYSE:CMCanadian Imperial Bank of Commerce Stock Price, Forecast & News

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CM shares have increased by 7.9% and is now trading at $67.09. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, May, 28th. The bank reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by $0.23. The bank earned $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. Canadian Imperial Bank of Commerce had a net margin of 14.81% and a return on equity of 12.95%. During the same quarter last year, the firm earned $2.97 earnings per share. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, June 29th will be paid a dividend of $1.047 per share on Tuesday, July 28th. This represents a $4.19 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Friday, June 26th. View Canadian Imperial Bank of Commerce's dividend history.

13 brokers have issued 12 month price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $65.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $96.57 in the next year. This suggests a possible upside of 43.9% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

News stories about CM stock have been trending negative on Monday, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing 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 closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media headlines 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 the latest news about Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,100,000 shares, a decrease of 5.5% from the June 15th total of 7,510,000 shares. Based on an average daily volume of 741,900 shares, the short-interest ratio is currently 9.6 days. Approximately 1.6% of the company's 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), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY), ICICI Bank (IBN), NORDEA Bk AB SW/S (NRDBY) and ING Groep (ING). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include Royal Bank of Canada (RY), AT&T (T), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Verizon Communications (VZ), BCE (BCE), Pfizer (PFE) and Simon Property Group (SPG).

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

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 $67.09.

Canadian Imperial Bank of Commerce has a market capitalization of $29.88 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.

The official website for Canadian Imperial Bank of Commerce is 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]