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

Canadian Imperial Bank of Commerce's stock was trading at C$85.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CM stock has increased by 6.3% and is now trading at C$91.12. View which stocks have been most impacted by Coronavirus.

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

Canadian Imperial Bank of Commerce is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Canadian Imperial Bank of Commerce.

Canadian Imperial Bank of Commerce (TSE:CM) issued its earnings results on Thursday, August, 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.63 by $0.14. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.01 billion. View Canadian Imperial Bank of Commerce's earnings history.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 29th will be paid a dividend of 1.46 per share on Tuesday, July 28th. This represents a $5.84 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 26th. View Canadian Imperial Bank of Commerce's dividend history.

4 brokerages have issued twelve-month price objectives for Canadian Imperial Bank of Commerce's shares. Their forecasts range from C$84.00 to C$115.00. On average, they expect Canadian Imperial Bank of Commerce's stock price to reach C$97.82 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View analysts' price targets for Canadian Imperial Bank of Commerce.

Headlines about CM stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Canadian Imperial Bank of Commerce.

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), Bank of Montreal (BMO), Australia and New Zealand Banking Group (ANZ), 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.

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).

Canadian Imperial Bank of Commerce trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CM."

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.

One share of CM stock can currently be purchased for approximately C$91.12.

Canadian Imperial Bank of Commerce has a market capitalization of C$40.56 billion and generates C$16.57 billion in revenue each year. Canadian Imperial Bank of Commerce employs 43,815 workers across the globe.

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

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.