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Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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China using civilian ships to enhance navy capability, reach
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German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Poverty, inflation, fear: Egypt's economy pushed to brink
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Poverty, inflation, fear: Egypt's economy pushed to brink
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Poverty, inflation, fear: Egypt's economy pushed to brink
NYSE:CM

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

$44.80
-1.27 (-2.76%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.28
$45.69
50-Day Range
$44.80
$53.17
52-Week Range
$44.28
$66.24
Volume
1.12 million shs
Average Volume
866,617 shs
Market Capitalization
$40.53 billion
P/E Ratio
8.18
Dividend Yield
5.70%
Price Target
$82.75

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
84.7% Upside
$82.75 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
0.54mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.75%
From $5.73 to $5.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Finance Sector

307th out of 887 stocks

Commercial Banks, Not Elsewhere Classified Industry

16th out of 38 stocks

CM stock logo

About Canadian Imperial Bank of Commerce (NYSE:CM) Stock

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 Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company 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 credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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CM Stock News Headlines

3 Undervalued Stocks to Triple Your Portfolio
Better Buy: BNS Stock or CIBC Shares?
TSX Ends On Weak Note As Energy, Materials Shares Tumble
CIBC to Issue Institutional NVCC Preferred Shares
Canadian Imperial (CM) Q3 Earnings Fall on Higher Provisions
See More Headlines
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CM Company Calendar

Ex-Dividend for 7/28 Dividend
6/27/2022
Dividend Payable
7/28/2022
Last Earnings
8/25/2022
Today
9/25/2022
Ex-Dividend for 10/28 Dividend
9/27/2022
Dividend Payable
10/28/2022
Fiscal Year End
10/31/2022
Next Earnings (Estimated)
12/01/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
45,282
Year Founded
1867

Price Target and Rating

Average Stock Price Forecast
$82.75
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+84.7%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$5.11 billion
Pretax Margin
31.12%

Debt

Sales & Book Value

Annual Sales
$18.53 billion
Cash Flow
$6.59 per share
Book Value
$38.23 per share

Miscellaneous

Free Float
N/A
Market Cap
$40.53 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Victor G. DodigMr. Victor G. Dodig (Age 56)
    Pres, CEO & Director
    Comp: $2.39M
  • Mr. Hratch  PanossianMr. Hratch Panossian
    Sr. EVP, CFO and Head of Enterprise Strategy
  • Mr. Harry K. CulhamMr. Harry K. Culham
    Sr. EVP and Group Head of Capital Markets & Direct Financial Services
  • Ms. Laura L. Dottori-AttanasioMs. Laura L. Dottori-Attanasio (Age 54)
    Sr. EVP & Group Head of Personal and Bus. Banking - Canada
    Comp: $1.38M
  • Mr. Michael G. CapatidesMr. Michael G. Capatides
    Sr. EVP, Group Head of US Region and Pres & CEO of CIBC Bank USA
  • Mr. Roman Dubczak
    Head of Global Investment Banking & MD
  • Ms. Christina C. KramerMs. Christina C. Kramer
    Sr. EVP and Group Head of Technology, Infrastructure & Innovation
  • Ms. Kikelomo Lawal
    Exec. VP & Chief Legal Officer
  • Ms. Sandra R. SharmanMs. Sandra R. Sharman (Age 59)
    Sr. EVP and Group Head of People, Culture & Brand
  • Mr. John P. Ferren
    Sr. VP of Deposit Products & Analytics













CM Stock - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

9 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 5 hold ratings and 4 buy ratings 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.
View CM analyst ratings
or view top-rated stocks.

What is Canadian Imperial Bank of Commerce's stock price forecast for 2022?

9 brokers have issued 1-year target prices for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from $73.00 to $91.00. On average, they predict the company's stock price to reach $82.75 in the next year. This suggests a possible upside of 84.7% from the stock's current price.
View analysts price targets for CM
or view top-rated stocks among Wall Street analysts.

How have CM shares performed in 2022?

Canadian Imperial Bank of Commerce's stock was trading at $58.28 on January 1st, 2022. Since then, CM shares have decreased by 23.1% and is now trading at $44.80.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a drop in short interest in August. As of August 31st, there was short interest totaling 9,900,000 shares, a drop of 9.4% from the August 15th total of 10,930,000 shares. Based on an average daily trading volume, of 850,500 shares, the days-to-cover ratio is presently 11.6 days. Approximately 1.1% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our CM earnings forecast
.

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

Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, August, 25th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.05. The bank earned $4.37 billion during the quarter, compared to analyst estimates of $4.27 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 15.82% and a net margin of 24.18%.

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 Thursday, August 25th. Stockholders of record on Wednesday, September 28th will be given a dividend of $0.649 per share on Friday, October 28th. This represents a $2.60 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Tuesday, September 27th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for CM
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.62 per share and currently has a dividend yield of 5.70%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 44.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

When did Canadian Imperial Bank of Commerce's stock split?

Canadian Imperial Bank of Commerce shares split on the morning of Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly issued shares were issued to shareholders after the closing bell on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

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.

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), 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).

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 number of retail and institutional investors. Top institutional shareholders include Bank of Nova Scotia (2.80%), Toronto Dominion Bank (2.48%), TD Asset Management Inc. (2.43%), Cibc World Market Inc. (1.39%), Mackenzie Financial Corp (1.13%) and Healthcare of Ontario Pension Plan Trust Fund (0.75%).

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

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.
Compare Top Brokerages Here.

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

One share of CM stock can currently be purchased for approximately $44.80.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $40.53 billion and generates $18.53 billion in revenue each year. The bank earns $5.11 billion in net income (profit) each year or $5.48 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

The company employs 45,282 workers across the globe.

Does Canadian Imperial Bank of Commerce have any subsidiaries?
The following companies are subsidiares of Canadian Imperial Bank of Commerce: CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bancorp USA Inc., CIBC Bank USA, CIBC Capital Markets (Europe) S.A., CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Cayman Holdings Limited, CIBC Cayman Reinsurance Limited, CIBC Delaware Trust Company, CIBC Fund Administration Services (Asia) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC National Trust Company, CIBC Private Wealth Advisors Inc., CIBC Private Wealth Group LLC, CIBC Securities Inc., CIBC Trust Corporation, CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Curacao) N.V., FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Bank and Trust Company (Cayman) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) Limited, FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V., FirstCaribbean International Securities Limited, FirstCaribbean International Trust Company (Bahamas) Limited, FirstCaribbean International Wealth Management Bank (Barbados) Limited, Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, Sentry Insurance Brokers Ltd., and Wellington Financial.
Read More
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 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.

This page (NYSE:CM) was last updated on 9/25/2022 by MarketBeat.com Staff

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