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) Add Compare Share Share Today's RangeC$54.43▼C$55.0850-Day RangeC$53.19▼C$58.0852-Week RangeC$53.01▼C$65.24Volume3.09 million shsAverage Volume3.33 million shsMarket CapitalizationC$50.31 billionP/E Ratio11.13Dividend Yield6.39%Price TargetC$63.06 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Canadian Imperial Bank of Commerce MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside15.8% UpsideC$63.06 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. 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.2.14 out of 5 stars 3.1 Analyst's Opinion Consensus RatingCanadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$63.06, Canadian Imperial Bank of Commerce has a forecasted upside of 15.8% from its current price of C$54.45.Amount of Analyst CoverageCanadian Imperial Bank of Commerce has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 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 6.26%, 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 71.17%. 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 1.9 News and Social Media Coverage News SentimentCanadian Imperial Bank of Commerce has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Financial Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Canadian Imperial Bank of Commerce this week, compared to 2 articles on an average week.Search InterestOnly 23 people have searched for CM on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.MarketBeat Follows14 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is an increase of 27% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Imperial Bank of Commerce insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.07% of the stock of Canadian Imperial Bank of Commerce is held by insiders.Percentage Held by Institutions49.52% 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 11.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Imperial Bank of Commerce is 11.13, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 242.33.Price to Earnings Growth RatioCanadian Imperial Bank of Commerce has a PEG Ratio of 31.58. 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 1.04. 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 CM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CM Stock News HeadlinesSeptember 15, 2023 | wsj.comCanadian Imperial Bank of Commerce Non-Cum. Redeem. Pfd. A Series 43September 12, 2023 | investing.comCanadian Imperial Bank of Commerce Pref P (CM_pp)September 21, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 12, 2023 | finance.yahoo.comCIBC Innovation Banking Provides Performio $13 Million in Debt Financing to Drive Continued Growth and InnovationSeptember 4, 2023 | finance.yahoo.comBullish Canadian Imperial Bank of Commerce Insiders Loaded Up On CA$5.2m Of StockSeptember 1, 2023 | markets.businessinsider.comAnalyst Expectations for Canadian Imperial Bank's FutureSeptember 1, 2023 | finance.yahoo.comCanadian Imperial (CM) Stock Down 3.1% as Q3 Earnings DeclineSeptember 1, 2023 | finance.yahoo.comCompany News for Sep 1, 2023September 21, 2023 | Chaikin Analytics (Ad)Get Your Cash Out of U.S. Banks ImmediatelyMan who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.September 1, 2023 | finance.yahoo.comOil Surges Through $85 Barrier as OPEC+ Supply Cuts Grip MarketAugust 31, 2023 | msn.comCanadian Imperial Bank of Commerce PFD SR-41 CL-A declares CAD 0.2443 dividendAugust 31, 2023 | msn.comCanadian Imperial Bank of Commerce 5YR RST A PFD 39 declares CAD 0.232 dividendAugust 31, 2023 | finance.yahoo.comCIBC Declares Dividends for the Quarter Ending October 31, 2023August 31, 2023 | finance.yahoo.comUPDATE 1-CIBC posts lower third-quarter profit as bad loan provisions riseAugust 30, 2023 | finance.yahoo.comOil Edges Up as Traders Take US Crude Stockpile Drop in StrideAugust 30, 2023 | finance.yahoo.comMedia Advisory - CIBC Chief Executive to speak at the 2023 Scotiabank Financials SummitAugust 24, 2023 | finance.yahoo.comCIBC Asset Management announces CIBC ETF cash distributions for August 2023August 21, 2023 | finance.yahoo.comOil Falls in Thin Summer Trading on Signs of Rebounding SupplyAugust 11, 2023 | theglobeandmail.comClosing Bell: Canadian Imperial Bank of Commerce flat on Friday (CM)August 9, 2023 | msn.comCanadian Imperial Bank of Commerce: Better, But Still BadAugust 9, 2023 | markets.businessinsider.comRBC Capital Keeps Their Hold Rating on Canadian Bank of Commerce (CM)August 7, 2023 | finance.yahoo.comCanadian 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.comOil Falls as Black Sea Risk Dismissed Until Supply Halts ArriveJuly 24, 2023 | theglobeandmail.comCanadian Imperial Bank: Top 25 Undervalued S&P/TSX Composite Index Stocks (CM)July 12, 2023 | finance.yahoo.comOil Breaks Out of Trading Range to Briefly Top $80 on Cooler CPIJune 22, 2023 | ca.finance.yahoo.comBetter Buy: Bank of Montreal Stock or Canadian Imperial Bank of Commerce?June 21, 2023 | finance.yahoo.comIs Canadian Imperial (CM) a Suitable Stock for Value Investors?See More Headlines 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 Company Calendar Last Earnings8/24/2017Ex-Dividend for 7/28 Dividend6/27/2023Dividend Payable7/28/2023Today9/21/2023Ex-Dividend for 10/27 Dividend9/27/2023Dividend Payable10/27/2023Next Earnings (Estimated)12/07/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Banks—Diversified Sub-IndustryN/A SectorFinancial Services Current SymbolTSE:CM CUSIPN/A CIKN/A Webwww.cibc.com Phone+1-416-9802211FaxN/AEmployees48,673Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$63.06 High Stock Price ForecastC$69.38 Low Stock Price ForecastC$56.00 Forecasted Upside/Downside+15.6%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)C$4.89 Trailing P/E Ratio11.15 Forward P/E Ratio7.91 P/E Growth31.58Net IncomeC$4.46 billion Net Margins22.51% Pretax MarginN/A Return on Equity9.45% Return on Assets0.51% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesC$20.87 billion Price / Sales2.41 Cash FlowC$248.02 per share Price / Cash Flow0.22 Book ValueC$52.54 per share Price / Book1.04Miscellaneous Outstanding Shares924,030,000Free FloatN/AMarket CapC$50.40 billion OptionableOptionable Beta1.03 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Victor G. Dodig (Age 57)Pres, CEO & Director Comp: $2.87MMr. 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. 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 & AnalyticsMr. Michael J. BoluchExec. VP of Technology & Enterprise InnovationMr. Stephen J. ForbesChief Commercial Officer & Exec. VPMore ExecutivesKey CompetitorsNational Bank of CanadaTSE:NABank of Nova ScotiaTSE:BNSBank of MontrealTSE:BMOToronto-Dominion BankTSE:TDRoyal Bank of CanadaTSE:RYView 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? 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 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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