S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
TSE:CM

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

C$63.38
+0.30 (+0.48%)
(As of 02/23/2024 ET)
Today's Range
C$62.95
C$63.59
50-Day Range
C$60.08
C$64.17
52-Week Range
C$47.44
C$64.43
Volume
2.17 million shs
Average Volume
2.82 million shs
Market Capitalization
C$59.02 billion
P/E Ratio
12.28
Dividend Yield
5.68%
Price Target
C$63.26

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
0.2% Downside
C$63.26 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$883,357 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.

2.15 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

Lynx Air shutdown could leave travellers stranded as of Monday
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge
Marc Lichtenfeld –Author of the best-selling book Get Rich With Dividends – is giving away his Ultimate Dividend Package… Free of charge!
Canada Job Gains Beat Forecast, Wage Growth Cools to 5.3%
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN?
Financial giants have been injecting millions into the crypto market. The big players are going all in on crypto… but what are they gearing up for? There is a significant event on the horizon that will shape the future of Bitcoin—the upcoming Bitcoin halving event…We're revealing all the secrets behind the financial elite's bold moves in crypto during our LIVE, online event.
Better Bank Buy: Scotiabank Stock or CIBC?
Canadian Imperial Bank of Commerce's Dividend Analysis
TSX Ends On Firm Note Ahead Of Holidays
Connor Bedard and CIBC team up in new partnership
See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 1/29 Dividend
12/27/2023
Dividend Payable
1/29/2024
Today
2/24/2024
Next Earnings (Confirmed)
2/29/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
48,074
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$63.26
High Stock Price Target
C$71.00
Low Stock Price Target
C$56.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
C$4.73 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$21.31 billion
Cash Flow
C$288.22 per share
Book Value
C$54.08 per share

Miscellaneous

Free Float
N/A
Market Cap
C$59.02 billion
Optionable
Not Optionable
Beta
1.09
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Key Executives

  • Mr. Victor G. Dodig (Age 58)
    President, CEO & Director
    Comp: $2.87M
  • Mr. Hratch Panossian
    Senior EVP, CFO and Head of Enterprise Strategy
  • Mr. Michael G. Capatides
    Vice-Chair of CIBC Bank USA
  • Mr. Harry K. Culham
    Senior EVP and Group Head of Capital Markets & Direct Financial Services
  • 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. John P. Ferren
    Senior Vice President of Deposit Products & Analytics
  • Mr. Michael J. Boluch
    Executive Vice President of Technology & Enterprise Innovation
  • Mr. Stephen J. Forbes
    Chief Commercial Officer & Executive VP

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Imperial Bank of Commerce was last updated on Thursday, February 22, 2024 at 8:59 PM.














CM Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

13 equities research analysts have issued 1 year target prices for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from C$56.00 to C$71.00. On average, they expect the company's stock price to reach C$63.26 in the next year. This suggests that the stock has a possible downside of 0.2%.
View analysts price targets for CM
or view top-rated stocks among Wall Street analysts.

How have CM shares performed in 2024?

Canadian Imperial Bank of Commerce's stock was trading at C$63.80 on January 1st, 2024. Since then, CM stock has decreased by 0.7% and is now trading at C$63.38.
View the best growth stocks for 2024 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, February 29th 2024.
View our CM earnings forecast
.

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

Canadian Imperial Bank of Commerce (TSE:CM) issued its earnings results on Thursday, November, 30th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by $0.01. The business earned $5.84 billion during the quarter, compared to analyst estimates of $5.86 billion. Canadian Imperial Bank of Commerce had a net margin of 23.44% and a trailing twelve-month return on equity of 9.72%.

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 Wednesday, December 27th. Stockholders of record on Thursday, December 28th will be paid a dividend of 0.90 per share on Monday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Wednesday, December 27th. This is a boost from the stock's previous quarterly dividend of C$0.87.
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$3.60 per share and currently has a dividend yield of 5.76%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.77%. 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).

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.

This page (TSE:CM) was last updated on 2/25/2024 by MarketBeat.com Staff