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NYSE:CMCanadian Imperial Bank of Commerce Stock Price, Forecast & News

$59.67
+1.81 (+3.13 %)
(As of 04/7/2020 03:33 PM ET)
Add
Compare
Today's Range
$59.01
Now: $59.67
$61.84
50-Day Range
$46.53
MA: $66.35
$83.09
52-Week Range
$46.45
Now: $59.67
$87.62
Volume83,527 shs
Average Volume1.22 million shs
Market Capitalization$26.54 billion
P/E Ratio7.07
Dividend Yield7.99%
Beta1.13
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

Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.56 out of 5 stars


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$11.54 per share
Book Value$60.38 per share

Profitability

Net Income$3.83 billion

Miscellaneous

Employees45,157
Market Cap$26.54 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CM shares have decreased by 4.0% and is now trading at $59.67. 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) released its quarterly earnings data on Wednesday, February, 26th. The bank reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $1.00. The bank earned $4.87 billion during the quarter, compared to analysts' expectations of $4.77 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.66% and a net margin of 17.70%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.01 earnings per share. 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. Shareholders of record on Friday, March 27th will be paid a dividend of $1.0955 per share on Tuesday, April 28th. This represents a $4.38 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date is Thursday, March 26th. This is a positive change 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 target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $105.00 to $120.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $110.75 in the next year. This suggests a possible upside of 85.6% 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 headlines about CM stock have trended very negative this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 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 trading volume, of 474,300 shares, the days-to-cover ratio is currently 16.4 days. Currently, 1.8% of the company's shares are sold short. 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), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Enbridge (ENB), Verizon Communications (VZ), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), AbbVie (ABBV) and Intel (INTC).

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."

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 shareholders include CLARET ASSET MANAGEMENT Corp (0.01%), Fulton Bank N.A. (0.01%) and Nexus Investment Management Inc. (0.01%).

Which major investors are selling Canadian Imperial Bank of Commerce stock?

CM stock was sold by a variety of institutional investors in the last quarter, including Fulton Bank N.A..

Which major investors are buying Canadian Imperial Bank of Commerce stock?

CM stock was acquired by a variety of institutional investors in the last quarter, including CLARET ASSET MANAGEMENT Corp, and Nexus Investment Management Inc..

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 $59.67.

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

Canadian Imperial Bank of Commerce has a market capitalization of $26.54 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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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