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

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.
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9 analysts have issued 12 month price targets for Canadian Imperial Bank of Commerce's shares. Their CM share price forecasts range from C$58.00 to C$73.83. On average, they anticipate the company's share price to reach C$65.14 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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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 5.1% and is now trading at C$57.54.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our CM earnings forecast.

Canadian Imperial Bank of Commerce (TSE:CM) announced its earnings results on Thursday, August, 24th. The company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.14. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.01 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 9.89% and a net margin of 22.77%.

Canadian Imperial Bank of Commerce declared a quarterly dividend on Thursday, May 25th. Stockholders of record on Wednesday, June 28th will be paid 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 6.05%. The ex-dividend date of this dividend 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.

Canadian Imperial Bank of Commerce (TSE:CM) pays an annual dividend of C$3.40 per share and currently has a dividend yield of 6.01%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.73%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CM.

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).

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

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.
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One share of CM stock can currently be purchased for approximately C$57.54.

Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$52.46 billion and generates C$20.98 billion in revenue each year. The company earns C$4.58 billion in net income (profit) each year or C$5.02 on an earnings per share basis.

The company employs 46,030 workers across the globe.

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.