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Canadian Imperial Bank of Commerce Stock Forecast, Price & News

$110.72
+1.55 (+1.42%)
(As of 12/6/2021 04:00 PM ET)
Add
Compare
Today's Range
$109.91
$111.61
50-Day Range
$107.15
$122.89
52-Week Range
$83.93
$123.13
Volume
422,514 shs
Average Volume
492,647 shs
Market Capitalization
$49.92 billion
P/E Ratio
9.99
Dividend Yield
4.24%
Beta
1.12
30 days | 90 days | 365 days | Advanced Chart
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Canadian Imperial Bank of Commerce logo

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is a financial institution, which engages in the provision of banking and wealth management services. It operates through the following segments: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, Capital Markets, and Corporate and Other. The Canadian Personal and Small Business Banking segment provides personal and business clients with financial advice, products, and services. The Canadian Commercial Banking and Wealth Management segment offers banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals, and families, as well as asset management services to institutional investors. The U.S. Commercial Banking and Wealth Management segment includes commercial, personal and small business banking, and wealth management services. The Capital Markets segment consists of integrated global markets products and services, investment banking advisory and execution, corporate banking and top ranked research to corporate, government and, institutional clients. The Corporate and Other segment refers to the functional

Headlines

Canadian Imperial Bank of Commerce (NYSE:CM) PT Lowered to $161.00
December 3, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
43,853
Year Founded
1867

Sales & Book Value

Annual Sales
$18.53 billion
Cash Flow
$9.89 per share
Book Value
$64.08 per share

Profitability

Net Income
$2.82 billion
Pretax Margin
34.22%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$49.92 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/27/2021
Dividend Payable
10/28/2021
Last Earnings
12/02/2021
Today
12/06/2021
Next Earnings (Estimated)
2/24/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.63 out of 5 stars

Finance Sector

223rd out of 1,335 stocks

Commercial Banks, Not Elsewhere Classified Industry

4th out of 38 stocks

Analyst Opinion: 3.4Community Rank: 3.7Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -












Canadian Imperial Bank of Commerce (NYSE:CM) Frequently Asked Questions

Is Canadian Imperial Bank of Commerce a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
View analyst ratings for Canadian Imperial Bank of Commerce
or view top-rated stocks.

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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CM stock has increased by 78.1% and is now trading at $110.72.
View which stocks have been most impacted by COVID-19
.

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, February 24th 2022.
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 earnings results on Thursday, December, 2nd. The bank reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.57. The bank had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.10 billion. Canadian Imperial Bank of Commerce had a net margin of 27.61% and a trailing twelve-month return on equity of 16.95%. Canadian Imperial Bank of Commerce's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.79 EPS.
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, December 2nd. Stockholders of record on Wednesday, December 29th will be given a dividend of $1.26 per share on Friday, January 28th. This represents a $5.04 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, December 28th. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.16.
View Canadian Imperial Bank of Commerce's dividend history
.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce pays an annual dividend of $4.63 per share and currently has a dividend yield of 4.24%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Canadian Imperial Bank of Commerce is 41.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 38.55% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.
View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

10 equities research analysts have issued 12-month price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $154.00 to $169.00. On average, they anticipate Canadian Imperial Bank of Commerce's stock price to reach $161.67 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce
or view top-rated stocks among Wall Street analysts.

Who are Canadian Imperial Bank of Commerce's key executives?

Canadian Imperial Bank of Commerce's management team includes the following people:
  • Victor Dodig, President, Chief Executive Officer & Director
  • Hratch Panossian, Chief Financial Officer & Senior Executive VP
  • Christina Kramer, Senior EVP-Technology, Infrastructure & Innovation
  • Michael G. Capatides, Senior Executive Vice President
  • Harry Kenneth Culham, Senior Executive VP & Group Head-Capital Markets

What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

1,528 employees have rated Canadian Imperial Bank of Commerce CEO Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among Canadian Imperial Bank of Commerce's employees.

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), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), Cisco Systems (CSCO), Enbridge (ENB), AbbVie (ABBV) and Simon Property Group (SPG).

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 TD Asset Management Inc. (2.50%), Toronto Dominion Bank (2.30%), FIL Ltd (2.11%), CIBC Asset Management Inc (1.43%), Mackenzie Financial Corp (1.09%) and Mufg Securities Canada LTD. (0.71%).

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 Healthcare of Ontario Pension Plan Trust Fund, Toronto Dominion Bank, Man Group plc, O Shaughnessy Asset Management LLC, Raymond James & Associates, Crossmark Global Holdings Inc., Voloridge Investment Management LLC, and Deutsche Bank AG.

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 FIL Ltd, Mufg Securities Canada LTD., Bank of Nova Scotia, Morgan Stanley, American Century Companies Inc., Connor Clark & Lunn Investment Management Ltd., Gateway Advisory LLC, and Royal Bank of Canada.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately $110.72.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce has a market capitalization of $49.92 billion and generates $18.53 billion in revenue each year. The bank earns $2.82 billion in net income (profit) each year or $11.08 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

Canadian Imperial Bank of Commerce employs 43,853 workers across the globe.

Does Canadian Imperial Bank of Commerce have any subsidiaries?

The following companies are subsidiares of Canadian Imperial Bank of Commerce: AT Investment Advisers Inc., Atlantic Trust Company National Association, Atlantic Trust Group LLC, CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bank and Trust Company (Cayman) Limited, CIBC Capital Corporation, CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Delaware Funding Corp., CIBC Holdings (Cayman) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC Reinsurance Company Limited, CIBC Securities Inc., CIBC Trust Company (Bahamas) Limited, CIBC Trust Corporation, CIBC USA Holdings Inc., CIBC WM Real Estate (Quebec) Ltd., CIBC WM Real Estate Ltd., CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., CIBC World Markets plc, Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Wealth Management Bank (Barbados), Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, and Wellington Financial.

When was Canadian Imperial Bank of Commerce founded?

Canadian Imperial Bank of Commerce was founded in 1867.

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

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

Where are Canadian Imperial Bank of Commerce's headquarters?

Canadian Imperial Bank of Commerce is headquartered at COMMERCE COURT, TORONTO A6, M5L 1A2.

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, via email at [email protected], or via fax at 416-980-7012.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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