TSE:CM Canadian Imperial Bank of Commerce (CM) Stock Forecast, Price & News C$57.05 -0.28 (-0.49%) (As of 06/9/2023 ET) Add Compare Share Share Today's RangeC$56.94▼C$57.4950-Day RangeC$54.01▼C$58.4452-Week RangeC$53.58▼C$68.74Volume2.53 million shsAverage Volume3.39 million shsMarket CapitalizationC$52.36 billionP/E Ratio11.27Dividend Yield6.10%Price TargetC$64.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Canadian Imperial Bank of Commerce MarketRank™ ForecastAnalyst RatingHold2.11 Rating ScoreUpside/Downside13.6% UpsideC$64.80 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 6 Articles This WeekInsider TradingAcquiring SharesC$5.01 M Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 stars 2.1 Analyst's Opinion Consensus RatingCanadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$64.80, Canadian Imperial Bank of Commerce has a forecasted upside of 13.6% from its current price of C$57.05.Amount of Analyst CoverageCanadian Imperial Bank of Commerce has only been the subject of 4 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CM. Previous Next 2.5 Dividend Strength Dividend LeadershipCanadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 6.05%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Imperial Bank of Commerce does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Imperial Bank of Commerce is 68.77%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CM. Previous Next 1.8 News and Social Media Coverage News SentimentCanadian Imperial Bank of Commerce has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Canadian Imperial Bank of Commerce this week, compared to 3 articles on an average week.Search InterestOnly 22 people have searched for CM on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Imperial Bank of Commerce insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$5,005,450.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 0.06% of the stock of Canadian Imperial Bank of Commerce is held by insiders.Percentage Held by Institutions50.97% of the stock of Canadian Imperial Bank of Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Imperial Bank of Commerce is 11.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Imperial Bank of Commerce is 11.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 146.60.Price to Earnings Growth RatioCanadian Imperial Bank of Commerce has a PEG Ratio of 27.22. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCanadian Imperial Bank of Commerce has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canadian Imperial Bank of Commerce (TSE:CM) StockCanadian 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; and Capital Markets. The company offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; investment and insurance services; and credit cards, as well as mobile, online, and overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and private wealth, and international banking services; foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.Read More Receive CM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Imperial Bank of Commerce and its competitors with MarketBeat's FREE daily newsletter. Email Address CM Stock News HeadlinesJune 9, 2023 | finance.yahoo.comCanada Suffers Minor Job Losses, Snapping Eight-Month StreakJune 8, 2023 | msn.comDESJARDINS SECURITIES Maintains Canadian Imperial Bank of Commerce (TSX:CM) Hold RecommendationJune 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 8, 2023 | msn.comVERITAS INVESTMENT RESEARCH Downgrades Canadian Imperial Bank of Commerce (TSX:CM)June 8, 2023 | americanbankingnews.comFundamental Research Analysts Give Canadian Imperial Bank of Commerce (TSE:CM) a C$69.38 Price TargetJune 5, 2023 | finance.yahoo.comCanadians' dream of homeownership persists, despite affordability concerns: CIBC PollJune 3, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Receives C$65.14 Average Target Price from BrokeragesMay 31, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce Forecasted to Post Q3 2023 Earnings of $1.74 Per Share (TSE:CM)June 10, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 30, 2023 | americanbankingnews.comNational Bank Financial Analysts Decrease Earnings Estimates for Canadian Imperial Bank of Commerce (TSE:CM)May 29, 2023 | americanbankingnews.comBarclays Boosts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$58.00May 29, 2023 | americanbankingnews.comCormark Raises Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$64.00May 29, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Given New C$64.00 Price Target at National BanksharesMay 29, 2023 | americanbankingnews.comTD Securities Raises Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$59.00May 27, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$72.00 at Royal Bank of CanadaMay 27, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Canadian Imperial Bank of Commerce Reduced by Analyst (TSE:CM)May 26, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Declares Quarterly Dividend of $0.87May 25, 2023 | msn.comCanadian Imperial Bank of Commerce Outperforms Major Indices on ThursdayMay 25, 2023 | msn.comCanadian Imperial Bank of Commerce Up +1.64% on May 25th Mid-MorningMay 24, 2023 | msn.comCanadian Imperial Bank of Commerce Stock Down 1.08% on WednesdayMay 24, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (CM) Set to Announce Quarterly Earnings on ThursdayMay 24, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce Forecasted to Earn Q2 2023 Earnings of $1.59 Per Share (TSE:CM)May 21, 2023 | americanbankingnews.comNational Bank Financial Brokers Reduce Earnings Estimates for Canadian Imperial Bank of Commerce (TSE:CM)May 20, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Given New C$60.00 Price Target at CSFBMay 20, 2023 | americanbankingnews.comNational Bankshares Lowers Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$62.00May 17, 2023 | investing.comCanadian Imperial Bank of Commerce Pref Q (CM_pq)May 16, 2023 | finance.yahoo.comInflation in Canada Quickens to 4.4% With Housing Costs RisingSee More Headlines CM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CM Company Calendar Last Earnings8/24/2017Ex-Dividend for 4/28 Dividend3/27/2023Dividend Payable4/28/2023Today6/10/2023Ex-Dividend for 7/28 Dividend6/27/2023Dividend Payable7/28/2023Next Earnings (Estimated)8/24/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Money Center Banks Sub-IndustryN/A SectorFinance Current SymbolTSE:CM CUSIPN/A CIKN/A Webwww.cibc.com Phone+1-416-9802211FaxN/AEmployees46,030Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$64.80 High Stock Price ForecastC$72.00 Low Stock Price ForecastC$58.00 Forecasted Upside/Downside+13.6%Consensus RatingHold Rating Score (0-4)2.11 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$5.06 Trailing P/E Ratio11.27 Forward P/E Ratio8.17 P/E Growth27.22Net IncomeC$4.72 billion Net Margins23.32% Pretax MarginN/A Return on Equity10.00% Return on Assets0.54% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesC$21.18 billion Price / Sales2.47 Cash FlowC$259.44 per share Price / Cash Flow0.22 Book ValueC$53.03 per share Price / Book1.08Miscellaneous Outstanding Shares917,740,000Free FloatN/AMarket CapC$52.36 billion OptionableOptionable Beta1.04 Key ExecutivesMr. Victor G. Dodig (Age 57)Pres, CEO & Director Comp: $3.14MMr. Hratch PanossianSr. EVP, CFO and Head of Enterprise StrategyMr. Michael G. CapatidesVice-Chair of CIBC Bank USAMr. Harry K. CulhamSr. EVP and Group Head of Capital Markets & Direct Financial ServicesMs. Laura L. Dottori-Attanasio (Age 55)Sr. EVP & Group Head of Personal and Bus. Banking - Canada Comp: $1.81MMr. Roman DubczakHead of Global Investment Banking & MDMs. Christina C. KramerSr. EVP and Group Head of Technology, Infrastructure & InnovationMs. Kikelomo LawalExec. VP & Chief Legal OfficerMs. Sandra R. Sharman (Age 60)Sr. EVP and Group Head of People, Culture & Brand Mr. John P. FerrenSr. VP of Deposit Products & AnalyticsMore ExecutivesKey CompetitorsNational Bank of CanadaTSE:NABank of Nova ScotiaTSE:BNSBank of MontrealTSE:BMOToronto-Dominion BankTSE:TDManulife FinancialTSE:MFCView All CompetitorsInsidersVictor George DodigBought 34,850 shares on 3/16/2023Total: C$2.01 M ($57.65/share)Victor George DodigBought 51,590 shares on 3/10/2023Total: C$3.00 M ($58.08/share)View All Insider Transactions CM Stock - Frequently Asked Questions Should I buy or sell Canadian Imperial Bank of Commerce stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CM, but not buy additional shares or sell existing shares. View CM analyst ratings or view top-rated stocks. What is Canadian Imperial Bank of Commerce's stock price forecast for 2023? 9 Wall Street research analysts have issued 1-year price targets for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from C$58.00 to C$72.00. On average, they anticipate the company's stock price to reach C$64.80 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View analysts price targets for CM or view top-rated stocks among Wall Street analysts. How have CM shares performed in 2023? Canadian Imperial Bank of Commerce's stock was trading at C$54.77 at the beginning of 2023. Since then, CM stock has increased by 4.2% and is now trading at C$57.05. View the best growth stocks for 2023 here. When is Canadian Imperial Bank of Commerce's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023. View our CM earnings forecast. How were Canadian Imperial Bank of Commerce's earnings last quarter? Canadian Imperial Bank of Commerce (TSE:CM) released its quarterly earnings data on Thursday, August, 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.14. The company had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.01 billion. Canadian Imperial Bank of Commerce had a net margin of 23.32% and a trailing twelve-month return on equity of 10.00%. 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, May 25th. Stockholders of record on Wednesday, June 28th will be paid a dividend of 0.87 per share on Friday, July 28th. This represents a $3.48 annualized dividend and a dividend yield of 6.10%. The ex-dividend date is Tuesday, June 27th. This is a positive change from the stock's previous quarterly dividend of C$0.85. Read our dividend analysis for CM. Is Canadian Imperial Bank of Commerce a good dividend stock? Canadian Imperial Bank of Commerce (TSE:CM) pays an annual dividend of C$3.48 per share and currently has a dividend yield of 6.05%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 68.77%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CM. 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 Toronto-Dominion Bank (TD), Intact Financial (IFC), Bank of Nova Scotia (BNS), Constellation Software (CSU), Royal Bank of Canada (RY), Enbridge (ENB), Bank of Montreal (BMO), BCE (BCE), Alimentation Couche-Tard (ATD.B) and AbbVie (ABBV). What is Canadian Imperial Bank of Commerce's stock symbol? Canadian Imperial Bank of Commerce trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CM." 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 is Canadian Imperial Bank of Commerce's stock price today? One share of CM stock can currently be purchased for approximately C$57.05. How much money does Canadian Imperial Bank of Commerce make? Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$52.36 billion and generates C$21.18 billion in revenue each year. The company earns C$4.72 billion in net income (profit) each year or C$5.06 on an earnings per share basis. How many employees does Canadian Imperial Bank of Commerce have? The company employs 46,030 workers across the globe. How can I contact Canadian Imperial Bank of Commerce? Canadian Imperial Bank of Commerce's mailing address is 199 Bay Street, Commerce Court, TORONTO, ON M5L 1A2, Canada. The official website for the company is www.cibc.com. The company can be reached via phone at +1-416-9802211. This page (TSE:CM) was last updated on 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canadian Imperial Bank of Commerce Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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