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

$76.07
-1.56 (-2.01 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$75.01
Now: $76.07
$76.71
50-Day Range
$76.07
MA: $82.30
$83.43
52-Week Range
$73.20
Now: $76.07
$87.62
Volume1.13 million shs
Average Volume414,041 shs
Market Capitalization$33.86 billion
P/E Ratio9.01
Dividend Yield5.59%
Beta1.06
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Read More…

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone416-980-2211

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.64 billion
Cash Flow$10.01 per share
Book Value$60.38 per share

Profitability

Net Income$3.83 billion

Miscellaneous

Employees45,157
Market Cap$33.86 billion
Next Earnings Date5/27/2020 (Estimated)
OptionableOptionable

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

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."

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 Friday, February 28th. Stockholders of record on Friday, March 27th will be paid a dividend of $1.0955 per share on Tuesday, April 28th. This represents a $4.38 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Thursday, March 26th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $1.09. View Canadian Imperial Bank of Commerce's Dividend History.

How were Canadian Imperial Bank of Commerce's earnings last quarter?

Canadian Imperial Bank of Commerce (NYSE:CM) released its earnings results on Wednesday, February, 26th. The bank reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $1.00. The bank earned $4.87 billion during the quarter, compared to analysts' expectations of $4.77 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.84% and a net margin of 17.70%. Canadian Imperial Bank of Commerce's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.01 EPS. View Canadian Imperial Bank of Commerce's Earnings History.

When is Canadian Imperial Bank of Commerce's next earnings date?

Canadian Imperial Bank of Commerce is scheduled to release their next quarterly earnings announcement on Wednesday, May 27th 2020. View Earnings Estimates for Canadian Imperial Bank of Commerce.

What price target have analysts set for CM?

12 brokerages have issued 12 month price targets for Canadian Imperial Bank of Commerce's shares. Their forecasts range from $108.00 to $123.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach $115.25 in the next year. This suggests a possible upside of 51.5% from the stock's current price. View Analyst Price Targets for Canadian Imperial Bank of Commerce.

What is the consensus analysts' recommendation 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.

Has Canadian Imperial Bank of Commerce been receiving favorable news coverage?

Press coverage about CM stock has been trending extremely negative on Saturday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of -4.6 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news 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.

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decrease in short interest in 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 daily volume of 434,800 shares, the short-interest ratio is presently 14.2 days. Approximately 1.4% of the shares of the stock are short sold. View Canadian Imperial Bank of Commerce's Current Options Chain.

Who are some of Canadian Imperial Bank of Commerce's key competitors?

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), 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).

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

Canadian Imperial Bank of Commerce's management team includes the folowing people:
  • Mr. Victor G. Dodig, Pres, CEO & Director (Age 53)
  • Mr. Kevin A. Glass, Sr. EVP & CFO (Age 61)
  • Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
  • Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
  • Mr. John P. Ferren, Sr. VP, Corp. CFO & Investor Relations

Who are Canadian Imperial Bank of Commerce's major shareholders?

Canadian Imperial Bank of Commerce's stock is owned by a number 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%), 1832 Asset Management L.P. (1.18%), Alberta Investment Management Corp (0.93%) and Acadian Asset Management LLC (0.87%).

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 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..

Which institutional investors are buying Canadian Imperial Bank of Commerce stock?

CM stock was acquired 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..

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

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

One share of CM stock can currently be purchased for approximately $76.07.

How big of a company is Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has a market capitalization of $33.86 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.

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

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

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 or via email at [email protected]


MarketBeat Community Rating for Canadian Imperial Bank of Commerce (NYSE CM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  425 (Vote Outperform)
Underperform Votes:  680 (Vote Underperform)
Total Votes:  1,105
MarketBeat's community ratings are surveys of what our community members think about Canadian Imperial Bank of Commerce and other stocks. Vote "Outperform" if you believe CM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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