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

$70.62

+2.21 (+3.23 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$69.27

Now: $70.62▼

$71.40

50-Day Range

$55.03

MA: $59.29▼

$68.41

52-Week Range

$46.45

Now: $70.62▼

$87.62

Volume645,780 shs

Average Volume596,037 shs

Market Capitalization$31.44 billion

P/E Ratio10.34

Dividend Yield6.38%

Beta1.01

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 Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. It 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 prepaid and credit cards, as well as overdraft protection services. The company also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; commercial and corporate banking services; trade finance, correspondent banking, and online foreign exchange services; and wholesale and asset management services. In addition, it offers investment banking advisory and execution services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 2 buy ratings, 11 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $96.57, Canadian Imperial Bank of Commerce has a potential upside of 36.7% from its current price of $70.62.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Canadian Imperial Bank of Commerce has received 433 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Imperial Bank of Commerce has received 699 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Imperial Bank of Commerce has received 61.75% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Imperial Bank of Commerce and other stocks. Vote “Outperform” if you believe CM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CM will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 6.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Imperial Bank of Commerce has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Canadian Imperial Bank of Commerce is 48.72 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 61.99 % next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Imperial Bank of Commerce insiders have not sold or bought any company stock.
Percentage Held by Institutions
43.46% of the stock of Canadian Imperial Bank of Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Canadian Imperial Bank of Commerce are expected to grow by 12.44% in the coming year, from $6.27 to $7.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 10.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 10.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.71.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 3.12. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Imperial Bank of Commerce has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.44 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:CM

Previous Symbol

CUSIPN/A

CIK1045520

Webwww.cibc.com

Phone416-980-2211

Debt

Debt-to-Equity Ratio0.13

Current Ratio1.04

Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio10.34

Forward P/E Ratio11.26

P/E Growth3.12

Sales & Book Value

Annual Sales$21.64 billion

Price / Sales1.45

Cash Flow$10.91 per share

Price / Cash Flow6.47

Book Value$61.13 per share

Price / Book1.16

Profitability

EPS (Most Recent Fiscal Year)$8.97

Net Income$3.83 billion

Net Margins14.81%

Return on Equity12.95%

Return on Assets0.69%

Miscellaneous

Employees45,157

Outstanding Shares445,160,000

Market Cap$31.44 billion

Next Earnings Date8/27/2020 (Estimated)

OptionableOptionable

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Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

How has Canadian Imperial Bank of Commerce's stock been impacted by COVID-19 (Coronavirus)?

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CM stock has increased by 13.6% and is now trading at $70.62. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Canadian Imperial Bank of Commerce?

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.

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

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.

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

Canadian Imperial Bank of Commerce (NYSE:CM) released its quarterly earnings results on Thursday, May, 28th. The bank reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.17 by $0.23. The bank earned $3.33 billion during the quarter, compared to analyst estimates 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.

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 28th. Investors 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 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, June 26th. View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

13 Wall Street analysts have issued 1-year price targets for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $65.00 to $120.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $96.57 in the next twelve months. This suggests a possible upside of 36.7% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Has Canadian Imperial Bank of Commerce been receiving favorable news coverage?

Headlines about CM stock have been trending negative on Thursday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCanadian Imperial Bank of Commerce.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 7,790,000 shares, a decrease of 14.4% from the April 15th total of 9,100,000 shares. Based on an average daily trading volume, of 791,500 shares, the days-to-cover ratio is presently 9.8 days. Approximately 1.8% of the shares of the stock are short sold. View Canadian Imperial Bank of Commerce's Current Options Chain.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), Boc Hong Kong (BHKLY), ICICI Bank (IBN), HANG SENG BK LT/S (HSNGY), NORDEA Bk AB SW/S (NRDBY) and Lloyds Banking Group (LYG). View all competitors.

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 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).

Who are Canadian Imperial Bank of Commerce's key executives?

Canadian Imperial Bank of Commerce's management team includes the following people:

Mr. Victor G. Dodig, Pres, CEO & Director (Age 53)
Mr. Kevin A. Glass, Sr. EVP & CFO (Age 61)
Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
Mr. John P. Ferren, Sr. VP, Corp. CFO & Investor Relations

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 retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (3.02%), 1832 Asset Management L.P. (1.09%), 1832 Asset Management L.P. (1.02%), CIBC Asset Management Inc (0.94%), APG Asset Management N.V. (0.77%) and Deutsche Bank AG (0.59%).

Which major investors are selling Canadian Imperial Bank of Commerce stock?

CM stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Acadian Asset Management LLC, Toronto Dominion Bank, Franklin Resources Inc., CIBC Asset Management Inc, 1832 Asset Management L.P., Morgan Stanley, and Hexavest Inc..

Which major investors are buying Canadian Imperial Bank of Commerce stock?

CM stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, The Manufacturers Life Insurance Company , Unigestion Holding SA, APG Asset Management N.V., APG Asset Management N.V., and Cardinal Capital Management Inc..

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

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.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately $70.62.

How big of a company is Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has a market capitalization of $31.44 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.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

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 bank can be reached via phone at 416-980-2211 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff