TSE:CMCanadian Imperial Bank of Commerce Stock Price, Forecast & News

C$82.30

-0.30 (-0.36 %)

(As of 05/25/2020 09:39 AM ET)

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Today's Range

C$81.35

Now: C$82.30▼

C$82.89

50-Day Range

C$76.62

MA: C$81.03▼

C$86.17

52-Week Range

C$67.52

Now: C$82.30▼

C$115.96

Volume1.18 million shs

Average Volume2.51 million shs

Market CapitalizationC$36.63 billion

P/E Ratio7.34

Dividend Yield7.13%

BetaN/A

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 Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. It 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 prepaid and credit cards, as well as overdraft protection services. The company also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; commercial and corporate banking services; trade finance, correspondent banking, and online foreign exchange services; and wholesale and asset management services. In addition, it offers investment banking advisory and execution 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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$100.58, Canadian Imperial Bank of Commerce has a potential upside of 22.2% from its current price of C$82.30.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Canadian Imperial Bank of Commerce has received 366 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Imperial Bank of Commerce has received 587 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Imperial Bank of Commerce has received 61.59% “underperform” 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 7.13%, 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 50.63 %. This payout ratio is at a healthy, sustainable level, below 75%.

3.0 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$2,393,742.00 in company stock and sold C$0.00 in company stock.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Canadian Imperial Bank of Commerce are expected to decrease by -100.00% in the coming year, from C$11.28 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 7.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 7.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.60.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 2.54. 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 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.19 out of 5 stars

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

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio7.34

Forward P/E Ratio7.30

P/E Growth2.54

Sales & Book Value

Annual SalesC$17.69 billion

Price / Sales2.07

Cash FlowC$492.22 per share

Price / Cash Flow0.17

Book ValueC$81.38 per share

Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees43,815

Outstanding Shares445,074,000

Market CapC$36.63 billion

Next Earnings Date5/28/2020 (Confirmed)

OptionableOptionable

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

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

Canadian Imperial Bank of Commerce's stock was trading at C$85.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CM stock has decreased by 3.9% and is now trading at C$82.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Canadian Imperial Bank of Commerce?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Canadian Imperial Bank of Commerce.

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, May 28th 2020. 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) posted its earnings results on Wednesday, February, 26th. The company reported $3.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.97 by $0.27. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.74 billion. View Canadian Imperial Bank of Commerce's earnings history.

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 Wednesday, February 26th. Investors of record on Friday, March 27th will be given a dividend of 1.46 per share on Tuesday, April 28th. This represents a $5.84 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Thursday, March 26th. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of C$1.44. View Canadian Imperial Bank of Commerce's dividend history.

What price target have analysts set for CM?

5 analysts have issued 12-month price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from C$84.00 to C$120.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach C$100.58 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Has Canadian Imperial Bank of Commerce been receiving favorable news coverage?

Press coverage about CM stock has trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutCanadian Imperial Bank of Commerce.

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

Some companies that are related to Canadian Imperial Bank of Commerce include Toronto-Dominion Bank (TD), HSBC (HSBA), Bank of Nova Scotia (BNS), National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ), Bank of Montreal (BMO), National Bank of Canada (NA), Barclays (BARC), Bendigo and Adelaide Bank (BEN), Bank of Queensland (BOQ), Canadian Western Bank (CWB), Secure Trust Bank (STB), Arbuthnot Banking Group (ARBB), Manx Financial Group (MFX) and Atlas Mara (ATMA). View all 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 Intact Financial (IFC), Constellation Software (CSU), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Bank of Montreal (BMO), Alimentation Couche-Tard (ATD.B), Enbridge (ENB), BCE (BCE) and AutoCanada (ACQ).

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 53)
Mr. Kevin A. Glass, Sr. EVP & CFO (Age 61)
Mr. Michael G. Capatides, Sr. EVP & Group Head of US Region, Pres and CEO of CIBC Bank USA
Mr. Harry K. Culham, Sr. EVP & Group Head of Capital Markets
Mr. John P. Ferren, Sr. VP, Corp. CFO & Investor Relations

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 online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Canadian Imperial Bank of Commerce's stock price today?

One share of CM stock can currently be purchased for approximately C$82.30.

How big of a company is Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has a market capitalization of C$36.63 billion and generates C$17.69 billion in revenue each year. Canadian Imperial Bank of Commerce employs 43,815 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.

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 5/25/2020 by MarketBeat.com Staff