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TSE:CM

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

C$58.47
+0.27 (+0.46%)
(As of 12/9/2022 02:21 PM ET)
Add
Compare
Today's Range
C$57.89
C$58.53
50-Day Range
C$56.03
C$65.10
52-Week Range
C$55.35
C$83.75
Volume
1.03 million shs
Average Volume
3.44 million shs
Market Capitalization
C$52.98 billion
P/E Ratio
8.75
Dividend Yield
5.84%
Price Target
C$67.54
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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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CM Stock News Headlines

Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
/C O R R E C T I O N from Source -- CIBC/
CIBC opens new flagship banking centre at CIBC SQUARE
See More Headlines
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CM Company Calendar

Last Earnings
8/24/2017
Ex-Dividend for 10/28 Dividend
9/27/2022
Dividend Payable
10/28/2022
Today
12/09/2022
Ex-Dividend for 1/27 Dividend
12/23/2022
Dividend Payable
1/27/2023
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Money Center Banks
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
46,030
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$67.29
High Stock Price Forecast
C$81.00
Low Stock Price Forecast
C$62.00
Forecasted Upside/Downside
+15.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$20.78 billion
Cash Flow
C$265.89 per share
Book Value
C$52.50 per share

Miscellaneous

Free Float
N/A
Market Cap
C$52.98 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Victor G. Dodig (Age 56)
    Pres, CEO & Director
    Comp: $3.14M
  • 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. Laura L. Dottori-Attanasio (Age 54)
    Sr. EVP & Group Head of Personal and Bus. Banking - Canada
    Comp: $1.81M
  • Mr. Roman Dubczak
    Head of Global Investment Banking & MD
  • 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 59)
    Sr. EVP and Group Head of People, Culture & Brand
  • Mr. John P. Ferren
    Sr. VP of Deposit Products & Analytics













CM Stock - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 7 hold ratings and 2 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?

9 analysts have issued twelve-month price objectives for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from C$62.00 to C$81.00. On average, they expect the company's stock price to reach C$67.54 in the next twelve months. This suggests a possible upside of 15.5% 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 2022?

Canadian Imperial Bank of Commerce's stock was trading at C$147.45 at the beginning of the year. Since then, CM shares have decreased by 60.3% and is now trading at C$58.47.
View the best growth stocks for 2022 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 23rd 2023.
View our CM earnings forecast
.

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

Canadian Imperial Bank of Commerce (TSE:CM) released its earnings results on Thursday, August, 24th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.14. The company had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.01 billion.

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, December 1st. Stockholders of record on Wednesday, December 28th will be given a dividend of 0.85 per share on Friday, January 27th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, December 23rd. This is a boost from the stock's previous quarterly dividend of C$0.83.
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$3.27 per share and currently has a dividend yield of 5.84%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.95%. 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$58.47.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$52.98 billion and generates C$20.78 billion in revenue each year.

How many employees does Canadian Imperial Bank of Commerce have?

The company employs 46,030 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 12/9/2022 by MarketBeat.com Staff