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NYSE:CM

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

$48.17
+0.92 (+1.95%)
(As of 11/30/2022 05:18 PM ET)
Add
Compare
Today's Range
$46.88
$48.26
50-Day Range
$40.60
$48.83
52-Week Range
$39.72
$66.24
Volume
839,850 shs
Average Volume
968,498 shs
Market Capitalization
$43.64 billion
P/E Ratio
8.79
Dividend Yield
5.35%
Price Target
$81.67

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
69.5% Upside
$81.67 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
-0.09mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.99%
From $5.51 to $5.29 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Finance Sector

371st out of 907 stocks

Commercial Banks, Not Elsewhere Classified Industry

15th out of 36 stocks

CM stock logo

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

Canadian Imperial Bank of Commerce was formed in 1961 with the merger of the Canadian Bank of Commerce and Imperial Bank of Canada. The merger, the largest in Canadian banking history, gave the Canadian Imperial Bank of Commerce its name but not its true origin. The founding banks originated in 1867 and 1873 respectively and were among the country’s oldest surviving banks at the time. The business is headquartered in Toronto and located at the iconic CIBC Square in downtown Toronto.

Today, the Canadian Imperial Bank of Commerce is a diversified international financial institution serving more than 13 million clients globally. It provides a full range of financial products and services for individuals, families, businesses and institutions in North America and around the world. The company’s goal is to create value by providing consistent returns and sustainable growth. The company maintains a lower-than-average credit profile to help achieve that goal and keep it in a position to take advantage of strategic opportunities.

The Canadian Imperial Bank of Commerce operates in 4 segments that include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. In late 2022 the company brought in over C$20 billion in revenue, had more than C$678 billion in deposits and had more than C$896 million in total assets. In regard to the bank’s health, it carries high AA or A+ investment grade credit ratings from all the major credit rating agencies.

The company’s products and services include personal and business deposit accounts, checking, savings, credit cards, and loans. Loans include mortgages, business credit, student loans, and agri-business. Other products include investment services, wealth management, and insurance services. Canadian Imperial Bank of Commerce’s digital platform, which was the first launched in Canada, is award-winning and ranked #1 for customer satisfaction by J.D. Power.

Canadian Imperial Bank of Commerce’s strategy is built on 3 drivers. The first is focusing on high-growth, high-traffic client demographics, the second is elevating the customer experience through digital and the third is investing in differentiators within fast-growing markets. Canadian Imperial Bank of Commerce is also a committed dividend payer that has not only paid a dividend every year since its inception but increases it on a regular basis as well. The company is also well-known for its long-term dividend growth and has a 15-year CAGR above 5.0%.

Canadian Imperial Bank of Commerce is committed to sustainability. The company’s efforts won it a spot on Canada’s Greenest Employers list for 2022 as well as recognition as Best Diversity Employer and for gender equality.

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CM Stock News Headlines

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Bill Morneau appointed to CIBC's Board of Directors
Canadian Imperial Bank of Commerce Pref O (CM_po)
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CIBC Announces Senior Executive Appointments
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CM Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 10/28 Dividend
9/27/2022
Dividend Payable
10/28/2022
Today
11/30/2022
Next Earnings (Confirmed)
12/01/2022
Fiscal Year End
10/31/2023

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
$81.67
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+69.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
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
$6.85 per share
Book Value
$37.93 per share

Miscellaneous

Free Float
N/A
Market Cap
$43.64 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • Mr. Victor G. DodigMr. Victor G. Dodig (Age 56)
    Pres, CEO & Director
    Comp: $2.33M
  • Mr. Hratch  PanossianMr. Hratch Panossian
    Sr. EVP, CFO and Head of Enterprise Strategy
  • Mr. Michael G. CapatidesMr. Michael G. Capatides
    Vice-Chair of CIBC Bank USA
  • 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: $1.34M
  • 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 year. There are currently 6 hold ratings and 3 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 2023?

9 Wall Street research analysts have issued 1-year price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from $65.00 to $91.00. On average, they anticipate the company's stock price to reach $81.67 in the next year. This suggests a possible upside of 69.5% 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 at the beginning of the year. Since then, CM shares have decreased by 17.3% and is now trading at $48.17.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest in November. As of November 15th, there was short interest totaling 15,580,000 shares, a decrease of 11.3% from the October 31st total of 17,560,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 15.0 days. Approximately 1.7% of the company's shares 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 can I listen to Canadian Imperial Bank of Commerce's earnings call?

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, December 1st at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "2796615#".

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

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings data on Thursday, December, 2nd. The bank reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.29. The bank earned $5.06 billion during the quarter, compared to analyst estimates of $5.10 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 15.82% and a net margin of 24.18%. The company's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS.

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. Shareholders of record on Wednesday, September 28th will be paid a dividend of $0.649 per share on Friday, October 28th. This represents a $2.60 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, September 27th. This is an increase 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 $2.53 per share and currently has a dividend yield of 5.35%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 47.83% 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 distributed 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.50%), Toronto Dominion Bank (2.99%), TD Asset Management Inc. (2.41%), Mackenzie Financial Corp (1.11%), CIBC Asset Management Inc (1.00%) and Royal Bank of Canada (0.00%).

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 $48.17.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (NYSE:CM) has a market capitalization of $43.64 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.
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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 11/30/2022 by MarketBeat.com Staff