TSE:CM

Canadian Imperial Bank of Commerce Stock Forecast, Price & News

C$143.42

-1.65 (-1.14 %)

(As of 08/3/2021 12:00 AM ET)

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Today's Range

C$143.01

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C$145.88

50-Day Range

C$137.12

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C$147.14

52-Week Range

C$92.35

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C$148.11

Volume1.29 million shs

Average Volume1.78 million shs

Market CapitalizationC$64.41 billion

P/E Ratio12.09

Dividend Yield4.03%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Canadian Imperial Bank of Commerce

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, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Canadian Imperial Bank of Commerce (TSE:CM) Reaches New 1-Year High at $145.88
August 3, 2021 | americanbankingnews.com

CIBC Asset Management Inc. announces unitholder approval of a fixed rate administration fee
August 3, 2021 | finance.yahoo.com

Amazon Starts Trading in Canada Via CIBC Depositary Receipts
July 27, 2021 | finance.yahoo.com

CIBC's digital identity verification makes it faster and easier to open new accounts online
July 27, 2021 | finance.yahoo.com

CIBC launches industry-first Canadian Depositary Receipts ("CDRs") on the NEO Exchange
July 26, 2021 | finance.yahoo.com

Canadian Imperial Bank of Commerce (TSE:CM) Given Consensus Recommendation of "Buy" by Analysts
July 25, 2021 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Passes Above 50 Day Moving Average of $141.93
July 24, 2021 | americanbankingnews.com

CIBC Asset Management launches ETF Series of CIBC Sustainable Investment Solutions
July 19, 2021 | finance.yahoo.com

Microsoft (MSFT) Azure Cloud Leveraged by Canada-Based CIBC
July 12, 2021 | finance.yahoo.com

Canadian Labor Market Bounces Back Strongly After Lockdowns
July 9, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Money Center Banks
Sub-IndustryN/A
SectorFinance
Current SymbolTSE:CM
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.cibc.com
Phone+1-416-9802211
Employees44,066
Year FoundedN/A

Sales & Book Value

Annual SalesC$18.21 billion
Price / Sales3.54
Cash FlowC$479.83 per share
Price / Cash Flow0.30
Book ValueC$86.70 per share
Price / Book1.65

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares449,093,000
Market CapC$64.41 billion
Next Earnings Date8/26/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.40 out of 5 stars

2.5 Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$152.62, Canadian Imperial Bank of Commerce has a forecasted upside of 6.4% from its current price of C$143.42.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.7 Community Rank

Outperform Votes
Canadian Imperial Bank of Commerce has received 389 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Imperial Bank of Commerce has received 314 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Imperial Bank of Commerce has received 55.33% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Imperial Bank of Commerce and other stocks. Vote “Outperform” if you believe CM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CM will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 4.03%, 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 49.22%. This payout ratio is at a healthy, sustainable level, below 75%.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Imperial Bank of Commerce insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$17,349,227.00 in company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 12.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 12.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.90.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 0.70. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Canadian Imperial Bank of Commerce has a P/B Ratio of 1.65. 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

Canadian Imperial Bank of Commerce (TSE:CM) Frequently Asked Questions

Is Canadian Imperial Bank of Commerce a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Imperial Bank of Commerce stock.
View analyst ratings for Canadian Imperial Bank of Commerce or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Imperial Bank of Commerce?

Wall Street analysts have given Canadian Imperial Bank of Commerce a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Imperial Bank of Commerce wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Imperial Bank of Commerce's next earnings date?

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for Canadian Imperial Bank of Commerce.

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

Canadian Imperial Bank of Commerce (TSE:CM) released its quarterly earnings results on Thursday, May, 27th. The company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.77. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.72 billion.
View Canadian Imperial Bank of Commerce's earnings history.

How has Canadian Imperial Bank of Commerce's stock price been impacted by COVID-19?

Canadian Imperial Bank of Commerce's stock was trading at C$85.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CM stock has increased by 67.4% and is now trading at C$143.42.
View which stocks have been most impacted by COVID-19.

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 27th. Investors of record on Monday, June 28th will be given a dividend of 1.46 per share on Wednesday, July 28th. This represents a $5.84 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, June 25th.
View Canadian Imperial Bank of Commerce's dividend history.

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce pays an annual dividend of C$5.84 per share and currently has a dividend yield of 4.03%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Canadian Imperial Bank of Commerce is 49.22%. This payout ratio is at a healthy, sustainable level, below 75%.
View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

11 equities research analysts have issued 1 year target prices for Canadian Imperial Bank of Commerce's shares. Their forecasts range from C$135.48 to C$160.00. On average, they expect Canadian Imperial Bank of Commerce's share price to reach C$152.62 in the next year. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for Canadian Imperial Bank of Commerce or view top-rated stocks among Wall Street analysts.

Who are Canadian Imperial Bank of Commerce's key executives?

Canadian Imperial Bank of Commerce's management team includes the following people:

Mr. Victor G. Dodig, Pres, CEO & Director (Age 55, Pay $2.6M)
Mr. Hratch Panossian, Sr. EVP & CFO and Enterprise Strategy
Mr. Harry K. Culham, Sr. EVP and Group Head of Capital Markets & Direct Financial Services
Ms. Laura L. Dottori-Attanasio, Sr. EVP & Group Head of Personal and Bus. Banking - Canada (Age 53, Pay $1.53M)
Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
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, Sr. EVP and Group Head of People, Culture & Brand (Age 58)
Mr. John P. Ferren, Sr. VP of Deposit Products & Analytics

Who are some of Canadian Imperial Bank of Commerce's key competitors?

Some companies that are related to Canadian Imperial Bank of Commerce include The Toronto-Dominion Bank (TD), The Bank of Nova Scotia (BNS), HSBC (HSBA), Bank of Montreal (BMO), National Bank of Canada (NA), Barclays (BARC), Canadian Western Bank (CWB), Secure Trust Bank (STB), Arbuthnot Banking Group (ARBB), Manx Financial Group (MFX), Atlas Mara (ATMA), Australia and New Zealand Banking Group (ANZ), Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia (CRG.MI) (CRG), Bank of Queensland (BOQ) and Bendigo and Adelaide Bank (BEN).
View all of CM's competitors.

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 The Toronto-Dominion Bank (TD), Intact Financial (IFC), The 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 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$143.42.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce has a market capitalization of C$64.41 billion and generates C$18.21 billion in revenue each year.

How many employees does Canadian Imperial Bank of Commerce have?

Canadian Imperial Bank of Commerce employs 44,066 workers across the globe.

What is Canadian Imperial Bank of Commerce's official website?

The official website for Canadian Imperial Bank of Commerce is www.cibc.com.

Where are Canadian Imperial Bank of Commerce's headquarters?

Canadian Imperial Bank of Commerce is headquartered at 199 Bay Street, Commerce Court, TORONTO, ON M5L 1A2, Canada.

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 company can be reached via phone at +1-416-9802211.

This page was last updated on 8/3/2021 by MarketBeat.com Staff

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