TSE:CM

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

C$57.33

-0.07 (-0.12%)

(As of 06/8/2023 ET)

Compare

Today's Range: C$57.02
▼
C$57.60
50-Day Range: C$54.01
▼
C$58.44
52-Week Range: C$53.58
▼
C$70.03

Volume: 2.63 million shs
Average Volume: 3.39 million shs
Market Capitalization: C$52.61 billion

P/E Ratio: 11.33
Dividend Yield: 6.07%
Price Target: C$64.80

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 12.8% Upside
C$64.80 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.45
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$5.01 M Bought Last Quarter
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.

1.95 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$64.80, Canadian Imperial Bank of Commerce has a forecasted upside of 12.8% from its current price of C$57.44.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CM.

2.5

Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 6.05%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Imperial Bank of Commerce does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Imperial Bank of Commerce is 68.77%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CM.

1.9

News and Social Media Coverage

News Sentiment
Canadian Imperial Bank of Commerce has a news sentiment score of 0.45. 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 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Canadian Imperial Bank of Commerce this week, compared to 3 articles on an average week.
Search Interest
Only 15 people have searched for CM on MarketBeat in the last 30 days. This is a decrease of -72% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -65% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Imperial Bank of Commerce insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$5,005,450.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Canadian Imperial Bank of Commerce is held by insiders.
Percentage Held by Institutions
50.97% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 11.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 11.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.14.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 27.22. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Imperial Bank of Commerce has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 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.

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CM Stock News Headlines

June 8, 2023 | americanbankingnews.com

Fundamental Research Analysts Give Canadian Imperial Bank of Commerce (TSE:CM) a C$69.38 Price Target

June 5, 2023 | finance.yahoo.com

Canadians' dream of homeownership persists, despite affordability concerns: CIBC Poll

June 8, 2023 | Behind the Markets (Ad)

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June 3, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Receives C$65.14 Average Target Price from Brokerages

May 31, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce Forecasted to Post Q3 2023 Earnings of $1.74 Per Share (TSE:CM)

May 30, 2023 | americanbankingnews.com

National Bank Financial Analysts Decrease Earnings Estimates for Canadian Imperial Bank of Commerce (TSE:CM)

May 29, 2023 | americanbankingnews.com

Barclays Boosts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$58.00

May 29, 2023 | americanbankingnews.com

Cormark Raises Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$64.00

June 8, 2023 | Stansberry Research (Ad)

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May 29, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Given New C$64.00 Price Target at National Bankshares

May 29, 2023 | americanbankingnews.com

TD Securities Raises Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$59.00

May 27, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$72.00 at Royal Bank of Canada

May 27, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Canadian Imperial Bank of Commerce Reduced by Analyst (TSE:CM)

May 26, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Declares Quarterly Dividend of $0.87

May 25, 2023 | msn.com

Canadian Imperial Bank of Commerce Outperforms Major Indices on Thursday

May 25, 2023 | msn.com

Canadian Imperial Bank of Commerce Up +1.64% on May 25th Mid-Morning

May 24, 2023 | msn.com

Canadian Imperial Bank of Commerce Stock Down 1.08% on Wednesday

May 24, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (CM) Set to Announce Quarterly Earnings on Thursday

May 24, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce Forecasted to Earn Q2 2023 Earnings of $1.59 Per Share (TSE:CM)

May 21, 2023 | americanbankingnews.com

National Bank Financial Brokers Reduce Earnings Estimates for Canadian Imperial Bank of Commerce (TSE:CM)

May 20, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Given New C$60.00 Price Target at CSFB

May 20, 2023 | americanbankingnews.com

National Bankshares Lowers Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$62.00

May 17, 2023 | investing.com

Canadian Imperial Bank of Commerce Pref Q (CM_pq)

May 16, 2023 | finance.yahoo.com

Inflation in Canada Quickens to 4.4% With Housing Costs Rising

May 13, 2023 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) to Post FY2023 Earnings of $6.80 Per Share, Desjardins Forecasts

May 12, 2023 | finance.yahoo.com

CIBC donates $60,000 to support communities affected by the Alberta wildfires

May 12, 2023 | americanbankingnews.com

Desjardins Weighs in on Canadian Imperial Bank of Commerce's Q2 2023 Earnings (TSE:CM)

See More Headlines

CM Price History

30 days | 90 days | 365 days | Advanced Chart

CM Company Calendar

Last Earnings: 8/24/2017
Ex-Dividend for 4/28 Dividend: 3/27/2023
Dividend Payable: 4/28/2023
Today: 6/08/2023
Ex-Dividend for 7/28 Dividend: 6/27/2023
Dividend Payable: 7/28/2023
Next Earnings (Estimated): 8/24/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Money Center Banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: TSE:CM
CUSIP: N/A
CIK: N/A
Web: www.cibc.com
Phone: +1-416-9802211
Fax: N/A
Employees: 46,030
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$64.80
High Stock Price Forecast: C$72.00
Low Stock Price Forecast: C$58.00
Forecasted Upside/Downside: +12.8%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.06
Trailing P/E Ratio: 11.35
Forward P/E Ratio: 8.22
P/E Growth: 27.22
Net Income: C$4.72 billion
Net Margins: 23.32%
Pretax Margin: N/A
Return on Equity: 10.00%
Return on Assets: 0.54%

Debt

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

Sales & Book Value

Annual Sales: C$21.18 billion
Price / Sales: 2.49
Cash Flow: C$261.12 per share
Price / Cash Flow: 0.22
Book Value: C$53.03 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 917,740,000
Free Float: N/A
Market Cap: C$52.70 billion
Optionable: Optionable
Beta: 1.04

Key Executives

Mr. Victor G. Dodig (Age 57)
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 55)
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 60)
Sr. EVP and Group Head of People, Culture & Brand

Mr. John P. Ferren
Sr. VP of Deposit Products & Analytics

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CM Stock - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?: 9 Wall Street equities research 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 1 buy rating for the stock. The consensus among Wall Street equities 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 brokerages have issued 12-month target prices for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from C$58.00 to C$72.00. On average, they predict the company's share price to reach C$64.80 in the next twelve months. This suggests a possible upside of 12.8% 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 beginning of 2023. Since then, CM shares have increased by 4.8% and is now trading at C$57.42.
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, August 24th 2023.
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 results on Thursday, August, 24th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 trailing twelve-month return on equity of 10.00% and a net margin of 23.32%.
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, May 25th. Stockholders of record on Wednesday, June 28th will be given a dividend of 0.87 per share on Friday, July 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Tuesday, June 27th. This is an increase from the stock's previous quarterly dividend of C$0.85.
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 6.05%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 68.77%. 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).
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$57.42.
How much money does Canadian Imperial Bank of Commerce make?: Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$52.70 billion and generates C$21.18 billion in revenue each year. The company earns C$4.72 billion in net income (profit) each year or C$5.06 on an earnings per share basis.
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 6/8/2023 by MarketBeat.com Staff

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

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Imperial Bank of Commerce (TSE:CM) Stock

CM Stock News Headlines

CM Price History

CM Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CM Stock - Frequently Asked Questions

Overall MarketRank^™