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TSE:CM

Canadian Imperial Bank of Commerce (CM) Stock Price, News & Analysis

C$68.19
+1.20 (+1.79%)
(As of 07/15/2024 ET)
Today's Range
C$66.82
C$68.20
50-Day Range
C$64.66
C$69.19
52-Week Range
C$47.44
C$69.54
Volume
4.80 million shs
Average Volume
3.89 million shs
Market Capitalization
C$63.91 billion
P/E Ratio
10.46
Dividend Yield
5.28%
Price Target
C$69.27

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
1.6% Upside
C$69.27 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$2.98 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.27 out of 5 stars

CM stock logo

About Canadian Imperial Bank of Commerce Stock (TSE:CM)

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

CM Stock Price History

CM Stock News Headlines

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In my new exposé, I pull back the curtain on what’s really going on in America, what’s coming next, and what you must do to protect your assets before it’s too late.
CIBC announces C2 Art Program winners
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CIBC's Week Ahead Market Call For Canada
Are Canadians sleeping on their tax refunds?
See More Headlines
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Company Calendar

Ex-Dividend for 4/29 Dividend
3/27/2024
Dividend Payable
4/29/2024
Last Earnings
5/30/2024
Ex-Dividend for 7/29 Dividend
6/28/2024
Today
7/16/2024
Dividend Payable
7/29/2024
Next Earnings (Estimated)
8/29/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
48,047
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$69.27
High Stock Price Target
C$79.00
Low Stock Price Target
C$56.00
Potential Upside/Downside
+1.6%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
C$6.02 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$21.32 billion
Cash Flow
C$310.10 per share
Book Value
C$54.91 per share

Miscellaneous

Free Float
N/A
Market Cap
C$63.91 billion
Optionable
Not Optionable
Beta
1.11
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Key Executives

  • Mr. Victor G. Dodig (Age 58)
    President, CEO & Director
    Comp: $2.94M
  • Mr. Harry K. Culham
    Senior EVP and Group Head of Capital Markets & Direct Financial Services
  • Mr. Jon Hountalas
    Senior EVP & Group Head of Canadian Banking
  • Mr. Hratch Panossian
    Senior EVP & Head of Personal and Business Banking
  • Mr. Shawn Beber
    Senior EVP & Group Head of US Region
  • Mr. Robert Sedran C.F.A. (Age 52)
    Senior EVP & CFO
  • Ms. Christina C. Kramer
    Senior EVP and Group Head of Technology, Infrastructure & Innovation
  • Ms. Kikelomo Lawal
    Executive VP & Chief Legal Officer
  • Ms. Sandra R. Sharman (Age 61)
    Senior EVP and Group Head of People, Culture & Brand
  • Mr. Michael G. Capatides
    Vice-Chair of CIBC Bank USA

Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

  • Canadian Imperial Bank of Commerce reported strong earnings per share (EPS) of C$1.75 for the last quarter, surpassing analysts' estimates by C$0.09. This indicates a positive financial performance.
  • The company has a healthy return on equity of 12.14%, showcasing efficient utilization of shareholder funds to generate profits.
  • Canadian Imperial Bank of Commerce offers a quarterly dividend of $0.90 per share, providing investors with a steady income stream.
  • Analysts have set a target price of C$70.00 for Canadian Imperial Bank of Commerce, suggesting potential for stock price appreciation.
  • The company has a strong net margin of 29.50%, indicating effective cost management and profitability.

Cons

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

  • Senior officers of the company have been selling significant amounts of stock recently, which may raise concerns about insider sentiment or future performance.
  • The stock price of Canadian Imperial Bank of Commerce has a beta of 1.11, indicating higher volatility compared to the market average, which may pose risks for investors.
  • While the company has a dividend yield of 5.48%, the payout ratio is relatively high at 55.21%, potentially limiting future dividend growth or reinvestment in the business.
  • Some analysts have issued hold or sell ratings on the stock, suggesting mixed opinions on the future performance of Canadian Imperial Bank of Commerce.
  • The stock has a PE ratio of 10.05, which may indicate that the market has already priced in much of the company's current earnings potential, limiting potential upside for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

CM Stock Analysis - Frequently Asked Questions

How have CM shares performed this year?

Canadian Imperial Bank of Commerce's stock was trading at C$63.80 on January 1st, 2024. Since then, CM stock has increased by 6.9% and is now trading at C$68.19.
View the best growth stocks for 2024 here
.

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

Canadian Imperial Bank of Commerce (TSE:CM) issued its quarterly earnings results on Thursday, May, 30th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.66 by $0.09. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.11 billion. Canadian Imperial Bank of Commerce had a net margin of 29.50% and a trailing twelve-month return on equity of 12.14%.

How do I buy shares of Canadian Imperial Bank of Commerce?

Shares of CM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Canadian Imperial Bank of Commerce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian Imperial Bank of Commerce investors own include Toronto-Dominion Bank (TD), Intact Financial (IFC), Bank of Nova Scotia (BNS), Constellation Software (CSU), Royal Bank of Canada (RY), Enbridge (ENB) and Bank of Montreal (BMO).

This page (TSE:CM) was last updated on 7/16/2024 by MarketBeat.com Staff

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