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. Shareholders 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 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, December 26th. View Canadian Imperial Bank of Commerce's Dividend History.

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings results 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 the consensus estimate of $4.76 billion. Canadian Imperial Bank of Commerce had a net margin of 17.72% and a return on equity of 15.57%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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.

10 brokerages have issued 1 year price targets for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $104.00 to $126.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach $117.00 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canadian Imperial Bank of Commerce.

News articles about CM stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned news headlines 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 next several days. View News Stories for Canadian Imperial Bank of Commerce.

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), Lloyds Banking Group (LYG), Bank of Montreal (BMO), ANZ (ANZBY), Sumitomo Mitsui Financial Grp (SMFG), ICICI Bank (IBN), ING Groep (ING), HANG SENG BK LT/S (HSNGY) and Banco Santander Brasil (BSBR).

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

Canadian Imperial Bank of Commerce's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.21%), Hexavest Inc. (0.14%), Galibier Capital Management Ltd. (0.10%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%), Lipe & Dalton (0.01%) and K.J. Harrison & Partners Inc (0.01%).

CM stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Nexus Investment Management Inc., Exane Derivatives, Allred Capital Management LLC, Assenagon Asset Management S.A., Raymond James Trust N.A., Townsend & Associates Inc and Janney Montgomery Scott LLC.

CM stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Cardinal Capital Management Inc., Galibier Capital Management Ltd., K.J. Harrison & Partners Inc, AE Wealth Management LLC, Fulton Bank N.A., Zurcher Kantonalbank Zurich Cantonalbank and Quattro Financial Advisors LLC.

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 $82.39.

Canadian Imperial Bank of Commerce has a market capitalization of $36.68 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]