About Canadian Imperial Bank of Commerce (NYSE:CM)
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets. The Company's Retail and Business Banking segment provides personal and business clients across Canada with financial advice, products and services in its banking centers or through remote channels, such as mobile advisors, telephone, online or mobile banking. The Company's Wealth Management segment provides advice and investment solutions. The Company's Capital Markets segment provides integrated credit and global markets products, investment banking advisory services and research to corporate, government and institutional clients around the world.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: N/A
- Symbol: NYSE:CM
- CUSIP: N/A
- Web: www.cibc.com
- Market Cap: $38.9 billion
- Outstanding Shares: 435,948,000
- 50 Day Moving Avg: $88.16
- 200 Day Moving Avg: $83.82
- 52 Week Range: $72.62 - $92.22
Sales & Book Value:
- Trailing P/E Ratio: 9.86
- Foreward P/E Ratio: 10.13
- P/E Growth: 4.17
- Annual Revenue: $12.23 billion
- Price / Sales: 3.18
- Book Value: $52.91 per share
- Price / Book: 1.69
- Annual Dividend: $4.14
- Dividend Yield: 4.6%
- Net Margins: 22.37%
- Return on Equity: 17.75%
- Return on Assets: 0.84%
- Debt-to-Equity Ratio: 0.11%
- Current Ratio: 0.96%
- Quick Ratio: 0.96%
- Average Volume: 468,449 shs.
- Beta: 1.09
- Short Ratio: 6.73
Frequently Asked Questions for Canadian Imperial Bank of Commerce (NYSE:CM)
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 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 24th. Shareholders of record on Thursday, September 28th will be paid a dividend of $1.0329 per share on Friday, October 27th. This represents a $4.13 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, September 27th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.94. View Canadian Imperial Bank of Commerce's Dividend History.
How will Canadian Imperial Bank of Commerce's stock buyback program work?
Canadian Imperial Bank of Commerce declared that its Board of Directors has initiated a share buyback plan on Monday, April 10th 2017, which allows the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
How were Canadian Imperial Bank of Commerce's earnings last quarter?
Canadian Imperial Bank of Commerce (NYSE:CM) issued its earnings results on Thursday, February, 23rd. The company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.25. The business earned $3.15 billion during the quarter, compared to analyst estimates of $2.92 billion. Canadian Imperial Bank of Commerce had a net margin of 22.37% and a return on equity of 17.75%. During the same quarter in the previous year, the firm posted $2.55 EPS. View Canadian Imperial Bank of Commerce's Earnings History.
When will Canadian Imperial Bank of Commerce make its next earnings announcement?
Where is Canadian Imperial Bank of Commerce's stock going? Where will Canadian Imperial Bank of Commerce's stock price be in 2017?
5 brokers have issued 12 month price targets for Canadian Imperial Bank of Commerce's stock. Their predictions range from $72.00 to $120.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $103.50 in the next twelve months. View Analyst Ratings for Canadian Imperial Bank of Commerce.
Who are some of Canadian Imperial Bank of Commerce's key competitors?
Some companies that are related to Canadian Imperial Bank of Commerce include Bank of Nova Scotia (The) (BNS), ING Group, N.V. (ING), Banco Bradesco SA (BBD), PNC Financial Services Group, Inc. (The) (PNC), Banco Bilbao Vizcaya Argentaria SA (BBVA), Sumitomo Mitsui Financial Group (SMFG), Bank Of Montreal (BMO), Royal Bank Scotland PLC (The) (RBS), Barclays PLC (BCS), Lloyds Banking Group PLC (LLOY), Credit Suisse Group (CS), BB&T Corporation (BBT), Deutsche Bank AG (DB), Banco Santander Brasil SA (BSBR), Royal Bank of Scotland Group plc (RBS), Barclays PLC (BARC), SunTrust Banks (STI) and ICICI Bank Limited (IBN).
Who are Canadian Imperial Bank of Commerce's key executives?
Canadian Imperial Bank of Commerce's management team includes the folowing people:
- John P. Manley J.D., Independent Chairman of the Board
- Victor G. Dodig, President, Chief Executive Officer, Director
- Kevin A. Glass, Chief Financial Officer, Senior Executive Vice President
- Sandy Sharman, Chief Human Resource Officer, Executive Vice President
- Laura Lee Dottori-Attanasio, Senior Executive Vice President, Chief Risk Officer
- Harry K. Culham, Senior Executive Vice-President and Group Head - Capital Markets
- Steve Geist, Senior Executive Vice President and Group Head - Wealth Management
- Jon Hountalas, Executive Vice-President - Business and Corporate Banking
- Christina Kramer, Executive Vice President - Retail Distribution and Channel Strategy
- Kevin Patterson, Senior Executive Vice President - Technology and Operations
Who owns Canadian Imperial Bank of Commerce stock?
Who bought Canadian Imperial Bank of Commerce stock? Who is buying Canadian Imperial Bank of Commerce stock?
How do I buy Canadian Imperial Bank of Commerce stock?
Shares of Canadian Imperial Bank of Commerce can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Canadian Imperial Bank of Commerce's stock price today?
MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Canadian Imperial Bank of Commerce stock can currently be purchased for approximately $89.22.
Consensus Ratings for Canadian Imperial Bank of Commerce (NYSE:CM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$103.50 (16.01% upside)|Consensus Price Target History for Canadian Imperial Bank of Commerce (NYSE:CM)
Analysts' Ratings History for Canadian Imperial Bank of Commerce (NYSE:CM)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/6/2017||TD Securities||Upgrade||Hold -> Buy||$120.00||High|
|8/24/2017||Canaccord Genuity||Set Price Target||Buy||$117.00||High|
|5/18/2017||National Bank Financial||Reiterated Rating||Outperform Overweight||Low|
|3/31/2017||Credit Suisse Group||Upgrade||Underperform -> Neutral||Low|
|2/24/2017||Keefe, Bruyette & Woods||Upgrade||Underperform -> Mkt Perform||N/A|
|11/1/2016||Bank of America Corporation||Initiated Coverage||Underperform||$72.00||N/A|
|10/23/2016||Scotiabank||Reiterated Rating||Sector Perform||$105.00||N/A|
|9/21/2016||Dundee Securities||Initiated Coverage||Buy||N/A|
|9/9/2016||BMO Capital Markets||Reiterated Rating||Hold||$103.00||N/A|
|8/29/2016||Desjardins||Reiterated Rating||Buy||$109.00 -> $110.00||N/A|
|8/26/2016||Royal Bank Of Canada||Reiterated Rating||Sector Perform||$104.00 -> $112.00||N/A|
|8/21/2016||Barclays PLC||Reiterated Rating||Underperform||$87.00 -> $93.00||N/A|
|12/4/2015||Macquarie||Boost Price Target||Neutral||$77.00 -> $78.00||N/A|
|11/20/2015||Howard Weil||Downgrade||Outperform -> Sector Perform||N/A|
Earnings History for Canadian Imperial Bank of Commerce (NYSE:CM)Earnings History by Quarter for Canadian Imperial Bank of Commerce (NYSE CM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|12/7/2017|| || || || || || || || |
|2/23/2017||Q117||$1.96||$2.21||$2.92 billion||$3.15 billion||View||N/A|
|12/1/2016||10/31/2016||$2.48||$2.60||$3.78 billion||$3.70 billion||View||N/A|
|8/25/2016||Q316||$1.79||$2.67||$2.98 billion||$3.19 billion||View||Listen|
|5/26/2016||Q2 2016||$2.32||$2.40||$2.78 billion||$2.74 billion||View||N/A|
|12/3/2015||Q415||$2.34||$2.36||$3.59 billion||$3.48 billion||View||N/A|
|8/27/2015||Q3||$1.81||$1.99||$2.79 billion||$2.86 billion||View||Listen|
|5/28/2015||Q2||$1.82||$1.84||$2.90 billion||$2.73 billion||View||Listen|
|2/26/2015||Q1||$1.99||$1.89||$3.04 billion||$2.78 billion||View||N/A|
|12/4/2014||Q4 2014||$2.02||$1.97||$3.10 billion||$2.83 billion||View||N/A|
|8/28/2014||Q3 2014||$2.04||$2.04||$3.15 billion||$3.08 billion||View||N/A|
|5/29/2014||Q2||$1.90||$1.99||$2.99 billion||$2.92 billion||View||N/A|
Earnings Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)
2017 EPS Consensus Estimate: $7.63
2018 EPS Consensus Estimate: $8.89
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Canadian Imperial Bank of Commerce (NYSE:CM)
|Dividend Growth:||-1.40% (3 Year Average)|
|Payout Ratio:||49.82% (Trailing 12 Months of Earnings) |
47.42% (Based on This Year's Estimates)
46.99% (Based on Next Year's Estimates)
Dividend History by Quarter for Canadian Imperial Bank of Commerce (NYSE CM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Canadian Imperial Bank of Commerce (NYSE:CM)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Canadian Imperial Bank of Commerce (NYSE:CM)
Latest Headlines for Canadian Imperial Bank of Commerce (NYSE:CM)
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Canadian Imperial Bank of Commerce (CM) Chart for Monday, October, 23, 2017