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

$57.97
+2.20 (+3.94 %)
(As of 03/31/2020 04:00 PM ET)
Today's Range
$55.10
Now: $57.97
$58.28
50-Day Range
$46.53
MA: $69.67
$83.43
52-Week Range
$46.45
Now: $57.97
$87.62
Volume893,849 shs
Average Volume673,596 shs
Market Capitalization$25.80 billion
P/E Ratio6.87
Dividend Yield7.84%
Beta1
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.
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Canadian Imperial Bank of Commerce logo

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone416-980-2211

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.64 billion
Cash Flow$11.06 per share
Book Value$60.38 per share

Profitability

Net Income$3.83 billion

Miscellaneous

Employees45,157
Market Cap$25.80 billion
Next Earnings Date5/27/2020 (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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, CM shares have decreased by 6.8% and is now trading at $57.97. View which stocks have been mosted impacted by Coronavirus.

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

12 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 1 buy rating 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 Wednesday, May 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) posted its earnings results on Wednesday, February, 26th. The bank reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $1.00. The bank had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.77 billion. Canadian Imperial Bank of Commerce had a net margin of 17.70% and a return on equity of 15.66%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.01 EPS. 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 announced a quarterly dividend on Friday, February 28th. Stockholders of record on Friday, March 27th will be given a dividend of $1.0955 per share on Tuesday, April 28th. This represents a $4.38 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Thursday, March 26th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.09. View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

12 analysts have issued 12-month price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $105.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $110.75 in the next year. This suggests a possible upside of 91.0% 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?

Media coverage about CM stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCanadian Imperial Bank of Commerce.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,794,900 shares, an increase of 29.1% from the February 27th total of 6,040,000 shares. Based on an average daily volume of 474,300 shares, the short-interest ratio is presently 16.4 days. Currently, 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?

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), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Enbridge (ENB), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), Verizon Communications (VZ), Intel (INTC) and AbbVie (ABBV).

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."

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 $57.97.

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

Canadian Imperial Bank of Commerce has a market capitalization of $25.80 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.

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

The official website for Canadian Imperial Bank of Commerce is http://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]


MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  432 (Vote Outperform)
Underperform Votes:  689 (Vote Underperform)
Total Votes:  1,121
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.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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