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

C$57.94
+0.45 (+0.78%)
(As of 10:09 AM ET)
Compare
Today's Range
C$57.64
▼
C$58.09
50-Day Range
C$48.15
▼
C$57.49
52-Week Range
C$47.44
▼
C$63.60
Volume
341,745 shs
Average Volume
3.19 million shs
Market Capitalization
C$53.96 billion
P/E Ratio
11.23
Dividend Yield
6.21%
Price Target
C$61.33
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
6.7% Upside
C$61.33 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 30 Articles This Week
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.

1.81 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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

December 5, 2023 | americanbankingnews.com
National Bank Financial Comments on Canadian Imperial Bank of Commerce's Q1 2024 Earnings (TSE:CM)
December 4, 2023 | americanbankingnews.com
Cormark Comments on Canadian Imperial Bank of Commerce's Q4 2024 Earnings (TSE:CM)
December 6, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 4, 2023 | americanbankingnews.com
Research Analysts Issue Forecasts for Canadian Imperial Bank of Commerce's Q2 2024 Earnings (TSE:CM)
December 3, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) Price Target Cut to C$63.00
December 3, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$56.00 at TD Securities
December 3, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) PT Lowered to C$55.00
December 3, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$67.00 at BMO Capital Markets
December 6, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 2, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) Forecasted to Earn Q1 2024 Earnings of $1.74 Per Share
December 1, 2023 | finance.yahoo.com
Canadian Imperial (CM) Stock Up 5.2% as Q4 Earnings Rise Y/Y
November 30, 2023 | msn.com
TSX Rises; Upbeat Big Bank Earnings; Canadian Q3 GDP Contracts
November 29, 2023 | finance.yahoo.com
Oil Advances With OPEC+ Meeting and Fed Rate Pivot in Focus
November 29, 2023 | finance.yahoo.com
CIBC Asset Management announces estimated 2023 annual reinvested capital gains distributions for CIBC ETFs and ETF Series
November 28, 2023 | finance.yahoo.com
CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation
November 27, 2023 | finance.yahoo.com
Most Canadians are going it alone when it comes to financial planning: CIBC and FP Canada™ Poll
November 26, 2023 | americanbankingnews.com
Canadian Imperial Bank of Commerce (TSE:CM) PT Lowered to C$56.00 at Keefe, Bruyette & Woods
November 24, 2023 | finance.yahoo.com
Canada Retail Sales Jump 0.8% in Sharp Spending Rebound
November 8, 2023 | msn.com
CIBC Is Hiring Across Canada & You Don't Need A Degree To Apply
November 6, 2023 | finance.yahoo.com
Oil Edges Up After Saudi Arabia, Russia Reaffirm Supply Cuts
November 2, 2023 | finance.yahoo.com
Media Advisory - CIBC to Announce Fourth Quarter 2023 Results on November 30, 2023
October 31, 2023 | ca.finance.yahoo.com
Regulator imposes trading halt on Canada hedge fund after founder's death
October 25, 2023 | finance.yahoo.com
Yen Slumps Back to Fresh Low for Year as Intervention Risk Rises
October 24, 2023 | finance.yahoo.com
CIBC Asset Management announces CIBC ETF cash distributions for October 2023
October 20, 2023 | finance.yahoo.com
Canada Retail Sales Are Flat, Cementing October Rate Pause
October 2, 2023 | msn.com
Canadian Imperial Bank of Commerce: Strong Business Despite Weaker Profits
September 29, 2023 | finance.yahoo.com
CIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.
See More Headlines
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Company Calendar

Ex-Dividend for 10/27 Dividend
9/27/2023
Dividend Payable
10/27/2023
Last Earnings
11/30/2023
Today
12/06/2023
Ex-Dividend for 1/29 Dividend
12/27/2023
Dividend Payable
1/29/2024
Next Earnings (Estimated)
2/23/2024
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
48,074
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$61.33
High Stock Price Target
C$69.38
Low Stock Price Target
C$55.00
Potential Upside/Downside
+6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$5.16
Trailing P/E Ratio
11.14
Forward P/E Ratio
8.58
P/E Growth
31.58
Net Income
C$4.73 billion
Net Margins
23.44%
Pretax Margin
N/A
Return on Equity
9.72%
Return on Assets
0.52%

Debt

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

Sales & Book Value

Annual Sales
C$21.31 billion
Price / Sales
2.51
Cash Flow
C$261.44 per share
Price / Cash Flow
0.22
Book Value
C$51.96 per share
Price / Book
1.11

Miscellaneous

Outstanding Shares
931,240,000
Free Float
N/A
Market Cap
C$53.54 billion
Optionable
Not Optionable
Beta
1.04
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Key Executives

  • Mr. Victor G. Dodig (Age 57)
    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 60)
    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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 Monday, November 27, 2023 at 10:31 AM.

Pros

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

  • Strong insider buying: Insiders of Canadian Imperial Bank of Commerce have significantly increased their holdings, indicating confidence in the company's future prospects.
  • Diversified financial institution: Canadian Imperial Bank of Commerce offers a wide range of financial products and services to various clients, including personal, business, public sector, and institutional clients. This diversification can provide stability and potential growth opportunities.
  • International presence: Canadian Imperial Bank of Commerce operates not only in Canada but also in the United States and internationally. This global presence allows the company to tap into different markets and potentially benefit from economic growth in multiple regions.
  • Comprehensive banking services: The company offers a comprehensive range of banking services, including checking and savings accounts, mortgages, loans, lines of credit, investment and insurance services, credit cards, and more. This wide array of services can attract a diverse customer base and generate revenue from multiple sources.
  • Capital Markets division: Canadian Imperial Bank of Commerce has a Capital Markets division, which provides various investment banking and financial advisory services. This division can contribute to the company's overall profitability and offer additional opportunities for investors.

Cons

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

  • Market volatility: The financial industry, including banks, can be subject to market volatility. Fluctuations in interest rates, economic conditions, and regulatory changes can impact the performance of Canadian Imperial Bank of Commerce and its stock price.
  • Competition: The banking sector is highly competitive, with numerous players vying for market share. Canadian Imperial Bank of Commerce faces competition from other financial institutions, both traditional banks and emerging fintech companies. This competition can put pressure on profitability and market position.
  • Regulatory environment: The banking industry is heavily regulated, and changes in regulations can impact the operations and profitability of Canadian Imperial Bank of Commerce. Investors should stay informed about regulatory developments and their potential impact on the company.
  • Interest rate risk: Canadian Imperial Bank of Commerce's profitability can be influenced by changes in interest rates. Fluctuations in interest rates can affect the company's net interest margin and the demand for its lending and deposit products.
  • Global economic conditions: As Canadian Imperial Bank of Commerce operates internationally, it is exposed to global economic conditions. Economic downturns or geopolitical events in the countries where the company operates can impact its financial performance.














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 10 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 target for 2024?

13 Wall Street analysts have issued twelve-month target prices for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from C$55.00 to C$69.38. On average, they predict the company's stock price to reach C$61.33 in the next year. This suggests a possible upside of 6.7% 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 shares have increased by 5.0% and is now trading at C$57.49.
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 Friday, February 23rd 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 quarterly earnings data on Thursday, November, 30th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 9.72% and a net margin of 23.44%.

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 declared a quarterly dividend on Thursday, November 30th. Investors of record on Thursday, December 28th will be given a dividend of 0.90 per share on Monday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Wednesday, December 27th. This is a positive change 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 6.37%. 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 12/6/2023 by MarketBeat.com Staff

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