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

$70.43
+1.03 (+1.48 %)
(As of 08/5/2020 01:10 PM ET)
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Compare
Today's Range
$69.99
Now: $70.43▼
$70.52
50-Day Range
$65.75
MA: $68.37▼
$70.02
52-Week Range
$46.45
Now: $70.43▼
$87.62
Volume7,093 shs
Average Volume323,186 shs
Market Capitalization$31.38 billion
P/E Ratio10.31
Dividend Yield6.10%
Beta1.02
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: 3.1Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.24 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:CM
Previous Symbol
CUSIPN/A
CIK1045520
Webwww.cibc.com
Phone416-980-2211

Debt

Debt-to-Equity Ratio0.13
Current Ratio1.04
Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio10.31
Forward P/E Ratio11.45
P/E Growth3.23

Sales & Book Value

Annual Sales$21.64 billion
Price / Sales1.45
Cash Flow$10.70 per share
Price / Cash Flow6.58
Book Value$60.38 per share
Price / Book1.17

Profitability

EPS (Most Recent Fiscal Year)$8.97
Net Income$3.83 billion
Net Margins14.81%
Return on Equity12.95%
Return on Assets0.69%

Miscellaneous

Employees45,157
Outstanding Shares445,500,000
Market Cap$31.38 billion
Next Earnings Date8/27/2020 (Estimated)
OptionableOptionable
$70.43
+1.03 (+1.48 %)
(As of 08/5/2020 01:10 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CM shares have increased by 13.1% and is now trading at $70.31.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Canadian Imperial Bank of Commerce?

13 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 2 buy ratings 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 Thursday, August 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) posted its quarterly earnings data on Thursday, May, 28th. The bank reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by $0.23. The bank had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.34 billion. Canadian Imperial Bank of Commerce had a net margin of 14.81% and a return on equity of 12.95%. During the same quarter in the previous year, the firm posted $2.97 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 Thursday, May 28th. Investors of record on Monday, June 29th will be given a dividend of $1.047 per share on Tuesday, July 28th. This represents a $4.19 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Friday, June 26th.
View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

13 analysts have issued 1-year target prices for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $65.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $96.57 in the next year. This suggests a possible upside of 37.4% 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?

News headlines about CM stock have trended somewhat negative on Wednesday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future.
View the latest news about Canadian Imperial Bank of Commerce.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,220,000 shares, a decrease of 16.1% from the June 30th total of 7,410,000 shares. Based on an average daily volume of 563,200 shares, the days-to-cover ratio is presently 11.0 days. Currently, 1.4% of the shares of the stock are short sold.
View Canadian Imperial Bank of Commerce's Current Options Chain.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

Some companies that are related to Canadian Imperial Bank of Commerce include Royal Bank of Canada (RY), HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), NORDEA Bk AB SW/S (NRDBY), ICICI Bank (IBN), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY) and CR AGRICOLE S A/ADR (CRARY).
View all 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 Royal Bank of Canada (RY), AT&T (T), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Verizon Communications (VZ), BCE (BCE), Pfizer (PFE) and Simon Property Group (SPG).

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 a variety of institutional and retail investors. Top institutional shareholders include CIBC Asset Management Inc (1.06%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Raymond James & Associates (0.22%), Value Partners Investments Inc. (0.19%), First Trust Advisors LP (0.15%) and Intact Investment Management Inc. (0.14%).

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

CM stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., First Trust Advisors LP, Pinnacle Financial Partners Inc., M&G Investment Management Ltd., DekaBank Deutsche Girozentrale, Raymond James & Associates, Hexavest Inc., and Zurcher Kantonalbank Zurich Cantonalbank.

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

CM stock was purchased by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, QV Investors Inc., Intact Investment Management Inc., Value Partners Investments Inc., NN Investment Partners Holdings N.V., Addenda Capital Inc., Assenagon Asset Management S.A., and Gradient Investments LLC.

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 $70.31.

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

Canadian Imperial Bank of Commerce has a market capitalization of $31.32 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.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is 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 8/5/2020 by MarketBeat.com Staff
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