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3 High-Yield Stocks In Rebound Mode: How High Can They Go?
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How major US stock indexes fared Thursday, 4/11/2024
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Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
Blackstone’s $10 Billion Bet on Property Prices Going Up
TSE:CM

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

C$66.53
-0.63 (-0.94%)
(As of 04/11/2024 ET)
Today's Range
C$66.20
C$66.99
50-Day Range
C$60.08
C$68.67
52-Week Range
C$47.44
C$69.42
Volume
3.11 million shs
Average Volume
3.67 million shs
Market Capitalization
C$62.36 billion
P/E Ratio
10.17
Dividend Yield
5.41%
Price Target
C$65.81

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
1.1% Downside
C$65.81 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
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.

1.30 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

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Canadian Imperial Bank of Commerce (CM)
Bank of Canada holds interest rate steady again
CIBC Announces First Quarter 2024 Results
See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
12/27/2023
Dividend Payable
1/29/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/29 Dividend
3/27/2024
Today
4/11/2024
Dividend Payable
4/29/2024
Next Earnings (Estimated)
5/23/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
48,047
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$65.81
High Stock Price Target
C$74.00
Low Stock Price Target
C$56.00
Potential Upside/Downside
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
C$6.02 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$21.32 billion
Cash Flow
C$302.55 per share
Book Value
C$54.91 per share

Miscellaneous

Free Float
N/A
Market Cap
C$62.36 billion
Optionable
Not Optionable
Beta
1.10
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Key Executives

  • Mr. Victor G. Dodig (Age 58)
    President, CEO & Director
    Comp: $2.94M
  • Mr. Harry K. Culham
    Senior EVP and Group Head of Capital Markets & Direct Financial Services
  • Mr. Jon Hountalas
    Senior EVP & Group Head of Canadian Banking
  • Mr. Hratch Panossian
    Senior EVP & Head of Personal and Business Banking
  • Mr. Shawn Beber
    Senior EVP & Group Head of US Region
  • Mr. Robert Sedran C.F.A. (Age 52)
    Senior EVP & CFO
  • 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. Michael G. Capatides
    Vice-Chair of CIBC Bank USA

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

Pros

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

  • Canadian Imperial Bank of Commerce has shown strong financial performance in recent quarters, with consistent revenue growth and profitability.
  • The bank has a diversified business model, operating in various segments including commercial banking, wealth management, and capital markets, which can help mitigate risks.
  • Recent market analysis indicates that Canadian Imperial Bank of Commerce's stock price is undervalued compared to its peers, presenting a potential buying opportunity for investors.
  • The company's focus on digital banking and innovation has positioned it well to adapt to changing consumer preferences and technological advancements in the financial industry.
  • Canadian Imperial Bank of Commerce has a solid track record of paying dividends to shareholders, providing a source of passive income for investors.

Cons

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

  • The banking sector is subject to regulatory changes and economic fluctuations, which could impact Canadian Imperial Bank of Commerce's operations and financial performance.
  • Intense competition in the financial services industry may put pressure on the bank's market share and margins, affecting its profitability.
  • Global economic uncertainties, such as trade tensions and geopolitical risks, could create volatility in the financial markets, potentially impacting the bank's stock price.
  • Rising interest rates could lead to increased borrowing costs for Canadian Imperial Bank of Commerce, affecting its lending business and overall profitability.
  • Investors should closely monitor the bank's exposure to different asset classes and regions to assess potential risks related to market fluctuations and economic downturns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

CM Stock Analysis - Frequently Asked Questions

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

13 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from C$56.00 to C$74.00. On average, they expect the company's stock price to reach C$65.81 in the next year. This suggests that the stock has a possible downside of 1.1%.
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 at the beginning of the year. Since then, CM stock has increased by 4.3% and is now trading at C$66.53.
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, May 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) announced its earnings results on Thursday, February, 29th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.69 by $0.12. The company earned $6.22 billion during the quarter, compared to the consensus estimate of $6.07 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 12.14% and a net margin of 29.50%.

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, February 29th. Stockholders of record on Thursday, March 28th will be given a dividend of 0.90 per share on Monday, April 29th. This represents a $3.60 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Wednesday, March 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$3.60 per share and currently has a dividend yield of 5.37%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.05%. 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 4/12/2024 by MarketBeat.com Staff

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