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 declared a quarterly dividend on Friday, December 6th. Stockholders 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 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend 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 (EPS) for the quarter, beating the Zacks' consensus estimate of $2.32 by $0.52. The bank had revenue of $4.77 billion for the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 earnings per share. 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.

10 analysts have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $104.00 to $126.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $117.00 in the next year. This suggests a possible upside of 41.2% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

Media headlines about CM stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 6,960,000 shares, an increase of 17.2% from the November 28th total of 5,940,000 shares. Based on an average trading volume of 468,800 shares, the days-to-cover ratio is currently 14.8 days. Currently, 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), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), Westpac Banking (WBK), Lloyds Banking Group (LYG), Bank of Montreal (BMO), ANZ (ANZBY), Sumitomo Mitsui Financial Grp (SMFG), ICICI Bank (IBN), ING Groep (ING), HANG SENG BK LT/S (HSNGY) and Banco Santander Brasil (BSBR).

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

Canadian Imperial Bank of Commerce's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.21%), Hexavest Inc. (0.14%), Galibier Capital Management Ltd. (0.10%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%), Lipe & Dalton (0.01%) and CLARET ASSET MANAGEMENT Corp (0.01%).

CM stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Nexus Investment Management Inc., Exane Derivatives, Allred Capital Management LLC, Assenagon Asset Management S.A., Raymond James Trust N.A., Townsend & Associates Inc and Janney Montgomery Scott LLC.

CM stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., Cardinal Capital Management Inc., Galibier Capital Management Ltd., AE Wealth Management LLC, Fulton Bank N.A., Zurcher Kantonalbank Zurich Cantonalbank, Quattro Financial Advisors LLC and Lipe & Dalton.

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 $82.86.

Canadian Imperial Bank of Commerce has a market capitalization of $36.88 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.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]