Canadian Imperial Bank of Commerce Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
View analyst ratings for Canadian Imperial Bank of Commerce or view top-rated stocks.

Wall Street analysts have given Canadian Imperial Bank of Commerce a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Imperial Bank of Commerce wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Wednesday, May, 26th. The bank reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.03 by $0.56. The bank earned $4.93 billion during the quarter, compared to the consensus estimate of $4.97 billion. Canadian Imperial Bank of Commerce had a net margin of 23.76% and a trailing twelve-month return on equity of 15.27%. Canadian Imperial Bank of Commerce's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.
View Canadian Imperial Bank of Commerce's earnings history.

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 (WHO). Since then, CM shares have increased by 89.5% and is now trading at $117.82.
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Canadian Imperial Bank of Commerce declared a quarterly dividend on Friday, May 28th. Stockholders of record on Monday, June 28th will be paid a dividend of $1.2051 per share on Wednesday, July 28th. This represents a $4.82 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, June 25th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.17.
View Canadian Imperial Bank of Commerce's dividend history.

Canadian Imperial Bank of Commerce pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.75%. Canadian Imperial Bank of Commerce does not yet have a strong track record of dividend growth. The dividend payout ratio of Canadian Imperial Bank of Commerce is 45.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 28.85% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.
View Canadian Imperial Bank of Commerce's dividend history.

11 brokerages have issued 1 year target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $108.25 to $159.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $129.45 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce or view top-rated stocks among Wall Street analysts.

1,528 employees have rated Canadian Imperial Bank of Commerce CEO Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among Canadian Imperial Bank of Commerce's employees.

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), Commonwealth Bank of Australia (CMWAY), HDFC Bank (HDB), The Toronto-Dominion Bank (TD), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Bank of Montreal (BMO), Australia and New Zealand Banking Group (ANZBY), ICICI Bank (IBN), ING Groep (ING), Sumitomo Mitsui Financial Group (SMFG), Lloyds Banking Group (LYG) and Nordea Bank Abp (NRDBY).
View all of CM's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), The Bank of Nova Scotia (BNS), The 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).

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

Canadian Imperial Bank of Commerce's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank of Nova Scotia (2.91%), Toronto Dominion Bank (2.66%), TD Asset Management Inc. (2.57%), CIBC World Markets Inc. (1.53%), CIBC Asset Management Inc (1.37%) and The Manufacturers Life Insurance Company (0.65%).

CM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Great West Life Assurance Co. Can, Healthcare of Ontario Pension Plan Trust Fund, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, CIBC World Markets Inc., Renaissance Technologies LLC, Bank of Nova Scotia, and Letko Brosseau & Associates Inc..

CM stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., D. E. Shaw & Co. Inc., Mufg Securities Canada LTD., Man Group plc, Morgan Stanley, CIBC Asset Management Inc, Russell Investments Group Ltd., and BlackRock Inc..

Shares of CM 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.
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One share of CM stock can currently be purchased for approximately $117.82.

Canadian Imperial Bank of Commerce has a market capitalization of $52.91 billion and generates $18.76 billion in revenue each year. The bank earns $2.82 billion in net income (profit) each year or $7.21 on an earnings per share basis.

Canadian Imperial Bank of Commerce employs 43,853 workers across the globe.

The following companies are subsidiares of Canadian Imperial Bank of Commerce: AT Investment Advisers Inc., Atlantic Trust Company National Association, Atlantic Trust Group LLC, CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bank and Trust Company (Cayman) Limited, CIBC Capital Corporation, CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Delaware Funding Corp., CIBC Holdings (Cayman) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC Reinsurance Company Limited, CIBC Securities Inc., CIBC Trust Company (Bahamas) Limited, CIBC Trust Corporation, CIBC USA Holdings Inc., CIBC WM Real Estate (Quebec) Ltd., CIBC WM Real Estate Ltd., 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., CIBC World Markets plc, Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Wealth Management Bank (Barbados), Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, and Wellington Financial.

Canadian Imperial Bank of Commerce was founded in 1867.

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

Canadian Imperial Bank of Commerce is headquartered at COMMERCE COURT, TORONTO A6, M5L 1A2.

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]