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TSE:CM

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

C$54.45
-0.70 (-1.27%)
(As of 09/21/2023 ET)
Compare
Today's Range
C$54.43
▼
C$55.08
50-Day Range
C$53.19
▼
C$58.08
52-Week Range
C$53.01
▼
C$65.24
Volume
3.09 million shs
Average Volume
3.33 million shs
Market Capitalization
C$50.31 billion
P/E Ratio
11.13
Dividend Yield
6.39%
Price Target
C$63.06
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
15.8% Upside
C$63.06 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

See Top Rated MarketRank™ Stocks Here

CM stock logo

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

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; 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.

CM Price History

CM Stock News Headlines

September 15, 2023 | wsj.com
Canadian Imperial Bank of Commerce Non-Cum. Redeem. Pfd. A Series 43
September 12, 2023 | investing.com
Canadian Imperial Bank of Commerce Pref P (CM_pp)
September 21, 2023 | Chaikin Analytics (Ad)
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September 12, 2023 | finance.yahoo.com
CIBC Innovation Banking Provides Performio $13 Million in Debt Financing to Drive Continued Growth and Innovation
September 4, 2023 | finance.yahoo.com
Bullish Canadian Imperial Bank of Commerce Insiders Loaded Up On CA$5.2m Of Stock
September 1, 2023 | markets.businessinsider.com
Analyst Expectations for Canadian Imperial Bank's Future
September 1, 2023 | finance.yahoo.com
Canadian Imperial (CM) Stock Down 3.1% as Q3 Earnings Decline
September 1, 2023 | finance.yahoo.com
Company News for Sep 1, 2023
September 21, 2023 | Chaikin Analytics (Ad)
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September 1, 2023 | finance.yahoo.com
Oil Surges Through $85 Barrier as OPEC+ Supply Cuts Grip Market
August 31, 2023 | msn.com
Canadian Imperial Bank of Commerce PFD SR-41 CL-A declares CAD 0.2443 dividend
August 31, 2023 | msn.com
Canadian Imperial Bank of Commerce 5YR RST A PFD 39 declares CAD 0.232 dividend
August 31, 2023 | finance.yahoo.com
CIBC Declares Dividends for the Quarter Ending October 31, 2023
August 31, 2023 | finance.yahoo.com
UPDATE 1-CIBC posts lower third-quarter profit as bad loan provisions rise
August 30, 2023 | finance.yahoo.com
Oil Edges Up as Traders Take US Crude Stockpile Drop in Stride
August 30, 2023 | finance.yahoo.com
Media Advisory - CIBC Chief Executive to speak at the 2023 Scotiabank Financials Summit
August 24, 2023 | finance.yahoo.com
CIBC Asset Management announces CIBC ETF cash distributions for August 2023
August 21, 2023 | finance.yahoo.com
Oil Falls in Thin Summer Trading on Signs of Rebounding Supply
August 11, 2023 | theglobeandmail.com
Closing Bell: Canadian Imperial Bank of Commerce flat on Friday (CM)
August 9, 2023 | msn.com
Canadian Imperial Bank of Commerce: Better, But Still Bad
August 9, 2023 | markets.businessinsider.com
RBC Capital Keeps Their Hold Rating on Canadian Bank of Commerce (CM)
August 7, 2023 | finance.yahoo.com
Canadian Imperial Bank of Commerce (TSE:CM) most popular amongst retail investors who own 51% of the shares, institutions hold 49%
August 7, 2023 | finance.yahoo.com
Oil Falls as Black Sea Risk Dismissed Until Supply Halts Arrive
July 24, 2023 | theglobeandmail.com
Canadian Imperial Bank: Top 25 Undervalued S&P/TSX Composite Index Stocks (CM)
July 12, 2023 | finance.yahoo.com
Oil Breaks Out of Trading Range to Briefly Top $80 on Cooler CPI
June 22, 2023 | ca.finance.yahoo.com
Better Buy: Bank of Montreal Stock or Canadian Imperial Bank of Commerce?
June 21, 2023 | finance.yahoo.com
Is Canadian Imperial (CM) a Suitable Stock for Value Investors?
See More Headlines
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CM Company Calendar

Last Earnings
8/24/2017
Ex-Dividend for 7/28 Dividend
6/27/2023
Dividend Payable
7/28/2023
Today
9/21/2023
Ex-Dividend for 10/27 Dividend
9/27/2023
Dividend Payable
10/27/2023
Next Earnings (Estimated)
12/07/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Banks—Diversified
Sub-Industry
N/A
Sector
Financial Services
Current Symbol
TSE:CM
CUSIP
N/A
CIK
N/A
Web
www.cibc.com
Phone
+1-416-9802211
Fax
N/A
Employees
48,673
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$63.06
High Stock Price Forecast
C$69.38
Low Stock Price Forecast
C$56.00
Forecasted Upside/Downside
+15.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$4.89
Trailing P/E Ratio
11.15
Forward P/E Ratio
7.91
P/E Growth
31.58
Net Income
C$4.46 billion
Net Margins
22.51%
Pretax Margin
N/A
Return on Equity
9.45%
Return on Assets
0.51%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
C$20.87 billion
Price / Sales
2.41
Cash Flow
C$248.02 per share
Price / Cash Flow
0.22
Book Value
C$52.54 per share
Price / Book
1.04

Miscellaneous

Outstanding Shares
924,030,000
Free Float
N/A
Market Cap
C$50.40 billion
Optionable
Optionable
Beta
1.03
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Key Executives

  • Mr. Victor G. Dodig (Age 57)
    Pres, CEO & Director
    Comp: $2.87M
  • Mr. Hratch Panossian
    Sr. EVP, CFO and Head of Enterprise Strategy
  • Mr. Michael G. Capatides
    Vice-Chair of CIBC Bank USA
  • Mr. Harry K. Culham
    Sr. EVP and Group Head of Capital Markets & Direct Financial Services
  • Ms. Christina C. Kramer
    Sr. EVP and Group Head of Technology, Infrastructure & Innovation
  • Ms. Kikelomo Lawal
    Exec. VP & Chief Legal Officer
  • Ms. Sandra R. Sharman (Age 60)
    Sr. EVP and Group Head of People, Culture & Brand
  • Mr. John P. Ferren
    Sr. VP of Deposit Products & Analytics
  • Mr. Michael J. Boluch
    Exec. VP of Technology & Enterprise Innovation
  • Mr. Stephen J. Forbes
    Chief Commercial Officer & Exec. VP

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













CM Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 9 hold ratings and 3 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 forecast for 2023?

12 equities research analysts have issued 12 month price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price forecasts range from C$56.00 to C$69.38. On average, they expect the company's stock price to reach C$63.06 in the next twelve months. This suggests a possible upside of 15.6% 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 start of the year. Since then, CM stock has decreased by 0.4% and is now trading at C$54.54.
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, December 7th 2023.
View our CM earnings forecast.

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

Canadian Imperial Bank of Commerce (TSE:CM) posted its quarterly earnings data on Thursday, August, 24th. The company reported $2.77 earnings per share 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 analyst estimates of $4.01 billion. Canadian Imperial Bank of Commerce had a net margin of 22.51% and a trailing twelve-month return on equity of 9.45%.

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, September 27th. Stockholders of record on Friday, October 27th will be paid a dividend of 0.87 per share on Friday, October 27th. This represents a $3.48 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Wednesday, September 27th.
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 6.26%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 71.17%. 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$54.54.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$50.40 billion and generates C$20.87 billion in revenue each year. The company earns C$4.46 billion in net income (profit) each year or C$4.89 on an earnings per share basis.

How many employees does Canadian Imperial Bank of Commerce have?

The company employs 48,673 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 9/21/2023 by MarketBeat.com Staff

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