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 declared a quarterly dividend on Friday, December 6th. Investors of record on Friday, December 27th will be paid a dividend of $1.0908 per share on Tuesday, January 28th. This represents a $4.36 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Thursday, December 26th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce (NYSE:CM) released its quarterly earnings results on Thursday, December, 5th. The bank reported $2.84 EPS for the quarter, beating the Zacks' consensus estimate of $2.32 by $0.52. The bank had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.76 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.57% and a net margin of 17.72%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 earnings per share. 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.

12 equities research analysts have issued 12 month price targets for Canadian Imperial Bank of Commerce's stock. Their forecasts range from $104.00 to $124.00. On average, they anticipate Canadian Imperial Bank of Commerce's share price to reach $114.75 in the next twelve months. This suggests a possible upside of 42.8% 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 trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 coverage optimism score of 2.0 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 6,190,000 shares, a decrease of 8.3% from the January 15th total of 6,750,000 shares. Based on an average trading volume of 434,800 shares, the days-to-cover ratio is presently 14.2 days. Approximately 1.4% of the shares of the 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), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), Westpac Banking (WBK), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Lloyds Banking Group (LYG), Sumitomo Mitsui Financial Grp (SMFG), HANG SENG BK LT/S (HSNGY), ING Groep (ING) and Barclays (BCS).

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 investors include Toronto Dominion Bank (3.52%), TD Asset Management Inc. (2.48%), CIBC World Markets Inc. (1.36%), 1832 Asset Management L.P. (1.18%), Alberta Investment Management Corp (0.93%) and Acadian Asset Management LLC (0.87%).

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, Intact Investment Management Inc., QV Investors Inc., Goldman Sachs Group Inc. and 1832 Asset Management L.P..

CM stock was bought by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Guardian Capital LP, Value Partner Investments Inc., Connor Clark & Lunn Investment Management Ltd., Hexavest Inc., Cidel Asset Management Inc., Cardinal Capital Management Inc. and M&G Investment Management Ltd..

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 $80.33.

Canadian Imperial Bank of Commerce has a market capitalization of $35.76 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.

The official website for Canadian Imperial Bank of Commerce is http://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]