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

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

Canadian Imperial Bank of Commerce announced a quarterly dividend on Friday, December 6th. Investors of record on Friday, December 27th will be given a dividend of $1.0908 per share on Tuesday, January 28th. This represents a $4.36 annualized dividend and a yield of 5.25%. The ex-dividend date is Thursday, December 26th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce (NYSE:CM) posted its quarterly earnings data on Thursday, December, 5th. The bank reported $2.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.32 by $0.52. The bank earned $4.77 billion during the quarter, compared to analysts' expectations of $4.76 billion. The company's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $3.00 EPS. View Canadian Imperial Bank of Commerce's Earnings History.

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

12 equities research analysts have issued 1 year price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $104.00 to $126.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $117.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View Analyst Price Targets for 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 12 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

Media headlines about CM stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,190,000 shares, a decline of 8.3% from the January 15th total of 6,750,000 shares. Based on an average daily volume of 434,800 shares, the days-to-cover ratio is presently 14.2 days. Currently, 1.4% of the shares of the stock are short sold. View Canadian Imperial Bank of Commerce's Current Options Chain.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Imperial Bank of Commerce investors own include AT&T (T), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Energy Transfer LP Unit (ET), Intel (INTC), AbbVie (ABBV), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

Canadian Imperial Bank of Commerce's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (3.52%), TD Asset Management Inc. (2.48%), CIBC World Markets Inc. (1.36%), Acadian Asset Management LLC (0.87%), Great West Life Assurance Co. Can (0.81%) and Letko Brosseau & Associates Inc. (0.65%).

CM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Acadian Asset Management LLC, Russell Investments Group Ltd., Commerzbank Aktiengesellschaft FI, QV Investors Inc., Goldman Sachs Group Inc., Public Sector Pension Investment Board and Franklin Resources Inc..

CM stock was acquired by a variety of institutional investors in the last quarter, including Guardian Capital LP, Value Partner Investments Inc., Connor Clark & Lunn Investment Management Ltd., Hexavest Inc., Cardinal Capital Management Inc., M&G Investment Management Ltd., Schroder Investment Management Group and Bessemer Group Inc..

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.

One share of CM stock can currently be purchased for approximately $83.09.