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

Canadian Imperial Bank of Commerce's stock was trading at $62.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CM stock has increased by 8.9% and is now trading at $67.74. View which stocks have been most impacted by Coronavirus.

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.

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.

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings results on Thursday, May, 28th. The bank reported $0.94 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.17 by $0.23. The bank earned $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. Canadian Imperial Bank of Commerce had a return on equity of 12.95% and a net margin of 14.81%. During the same period in the previous year, the company earned $2.97 earnings per share. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 29th will be paid a dividend of $1.047 per share on Tuesday, July 28th. This represents a $4.19 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, June 26th. View Canadian Imperial Bank of Commerce's dividend history.

13 analysts have issued 1-year price targets for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $65.00 to $120.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $96.57 in the next year. This suggests a possible upside of 42.6% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

News stories about CM stock have trended somewhat positive on Tuesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,100,000 shares, a drop of 5.5% from the June 15th total of 7,510,000 shares. Based on an average daily trading volume, of 741,900 shares, the short-interest ratio is currently 9.6 days. Currently, 1.6% of the company's stock are sold short. View Canadian Imperial Bank of Commerce's Current Options Chain.

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), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN), Boc Hong Kong (BHKLY), NORDEA Bk AB SW/S (NRDBY) and CR AGRICOLE S A/ADR (CRARY). View all competitors.

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).

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

Canadian Imperial Bank of Commerce's stock is owned by many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.10%), Addenda Capital Inc. (0.02%), Nexus Investment Management ULC (0.01%), Fulton Bank N. A. (0.01%), Townsend & Associates Inc (0.01%) and Hexavest Inc. (0.00%).

CM stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Hexavest Inc., Envestnet Asset Management Inc., Townsend & Associates Inc, and Fulton Bank N. A..

CM stock was purchased by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Gradient Investments LLC, Exane Derivatives, and Nexus Investment Management ULC.

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 $67.74.

Canadian Imperial Bank of Commerce has a market capitalization of $30.17 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.

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

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]