Canadian Imperial Bank of Commerce Stock Price, News & Analysis (TSE:CM) C$57.94 +0.45 (+0.78%) (As of 10:09 AM ET) Add Compare Share Share Today's RangeC$57.64▼C$58.0950-Day RangeC$48.15▼C$57.4952-Week RangeC$47.44▼C$63.60Volume341,745 shsAverage Volume3.19 million shsMarket CapitalizationC$53.96 billionP/E Ratio11.23Dividend Yield6.21%Price TargetC$61.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Canadian Imperial Bank of Commerce MarketRank™ Stock AnalysisAnalyst RatingHold2.23 Rating ScoreUpside/Downside6.7% UpsideC$61.33 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.09Based on 30 Articles This WeekInsider 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.1.81 out of 5 stars 2.1 Analyst's Opinion Consensus RatingCanadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 3 buy ratings, 10 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$61.33, Canadian Imperial Bank of Commerce has a forecasted upside of 6.7% from its current price of C$57.49.Amount of Analyst CoverageCanadian Imperial Bank of Commerce has been the subject of 6 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 6.37%, 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 69.77%. 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 2.3 News and Social Media Coverage News SentimentCanadian Imperial Bank of Commerce has a news sentiment score of 0.09. 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 is a lower news sentiment than the 0.38 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Canadian Imperial Bank of Commerce this week, compared to 3 articles on an average week.Search Interest26 people have searched for CM on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% 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 11.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.10.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Imperial Bank of Commerce is 11.14, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 334.15.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 1.11. 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 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.Read More CM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CM Stock News HeadlinesDecember 5, 2023 | americanbankingnews.comNational Bank Financial Comments on Canadian Imperial Bank of Commerce's Q1 2024 Earnings (TSE:CM)December 4, 2023 | americanbankingnews.comCormark 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 OpportunityAutonomix 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.comDecember 4, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Canadian Imperial Bank of Commerce's Q2 2024 Earnings (TSE:CM)December 3, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Price Target Cut to C$63.00December 3, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$56.00 at TD SecuritiesDecember 3, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) PT Lowered to C$55.00December 3, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$67.00 at BMO Capital MarketsDecember 6, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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. 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Please read the offering circular at invest.autonomix.comDecember 2, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) Forecasted to Earn Q1 2024 Earnings of $1.74 Per ShareDecember 1, 2023 | finance.yahoo.comCanadian Imperial (CM) Stock Up 5.2% as Q4 Earnings Rise Y/YNovember 30, 2023 | msn.comTSX Rises; Upbeat Big Bank Earnings; Canadian Q3 GDP ContractsNovember 29, 2023 | finance.yahoo.comOil Advances With OPEC+ Meeting and Fed Rate Pivot in FocusNovember 29, 2023 | finance.yahoo.comCIBC Asset Management announces estimated 2023 annual reinvested capital gains distributions for CIBC ETFs and ETF SeriesNovember 28, 2023 | finance.yahoo.comCIBC Innovation Banking Provides Senior Credit Facilities to Parsec AutomationNovember 27, 2023 | finance.yahoo.comMost Canadians are going it alone when it comes to financial planning: CIBC and FP Canada™ PollNovember 26, 2023 | americanbankingnews.comCanadian Imperial Bank of Commerce (TSE:CM) PT Lowered to C$56.00 at Keefe, Bruyette & WoodsNovember 24, 2023 | finance.yahoo.comCanada Retail Sales Jump 0.8% in Sharp Spending ReboundNovember 8, 2023 | msn.comCIBC Is Hiring Across Canada & You Don't Need A Degree To ApplyNovember 6, 2023 | finance.yahoo.comOil Edges Up After Saudi Arabia, Russia Reaffirm Supply CutsNovember 2, 2023 | finance.yahoo.comMedia Advisory - CIBC to Announce Fourth Quarter 2023 Results on November 30, 2023October 31, 2023 | ca.finance.yahoo.comRegulator imposes trading halt on Canada hedge fund after founder's deathOctober 25, 2023 | finance.yahoo.comYen Slumps Back to Fresh Low for Year as Intervention Risk RisesOctober 24, 2023 | finance.yahoo.comCIBC Asset Management announces CIBC ETF cash distributions for October 2023October 20, 2023 | finance.yahoo.comCanada Retail Sales Are Flat, Cementing October Rate PauseOctober 2, 2023 | msn.comCanadian Imperial Bank of Commerce: Strong Business Despite Weaker ProfitsSeptember 29, 2023 | finance.yahoo.comCIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.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 Company Calendar Ex-Dividend for 10/27 Dividend9/27/2023Dividend Payable10/27/2023Last Earnings11/30/2023Today12/06/2023Ex-Dividend for 1/29 Dividend12/27/2023Dividend Payable1/29/2024Next Earnings (Estimated)2/23/2024Get 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/AEmployees48,074Year FoundedN/APrice Target and Rating Average Stock Price TargetC$61.33 High Stock Price TargetC$69.38 Low Stock Price TargetC$55.00 Potential Upside/Downside+6.7%Consensus RatingHold Rating Score (0-4)2.23 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)C$5.16 Trailing P/E Ratio11.14 Forward P/E Ratio8.58 P/E Growth31.58Net IncomeC$4.73 billion Net Margins23.44% Pretax MarginN/A Return on Equity9.72% Return on Assets0.52% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesC$21.31 billion Price / Sales2.51 Cash FlowC$261.44 per share Price / Cash Flow0.22 Book ValueC$51.96 per share Price / Book1.11Miscellaneous Outstanding Shares931,240,000Free FloatN/AMarket CapC$53.54 billion OptionableNot Optionable Beta1.04 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Victor G. Dodig (Age 57)President, CEO & Director Comp: $2.87MMr. Hratch PanossianSenior EVP, CFO and Head of Enterprise StrategyMr. Michael G. CapatidesVice-Chair of CIBC Bank USAMr. Harry K. CulhamSenior EVP and Group Head of Capital Markets & Direct Financial ServicesMs. Christina C. KramerSenior EVP and Group Head of Technology, Infrastructure & InnovationMs. Kikelomo LawalExecutive VP & Chief Legal OfficerMs. Sandra R. Sharman (Age 60)Senior EVP and Group Head of People, Culture & Brand Mr. John P. FerrenSenior Vice President of Deposit Products & AnalyticsMr. Michael J. BoluchExecutive Vice President of Technology & Enterprise InnovationMr. Stephen J. ForbesChief Commercial Officer & Executive VPMore ExecutivesKey CompetitorsBank of Nova ScotiaTSE:BNSNational Bank of CanadaTSE:NABank 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 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 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. 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