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TSE:CM

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

C$57.10
-0.23 (-0.40%)
(As of 02:45 PM ET)
Compare
Today's Range
C$56.94
▼
C$57.49
50-Day Range
C$54.01
▼
C$58.44
52-Week Range
C$53.58
▼
C$68.74
Volume
947,451 shs
Average Volume
3.37 million shs
Market Capitalization
C$52.40 billion
P/E Ratio
11.28
Dividend Yield
6.09%
Price Target
C$64.80
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Canadian Imperial Bank of Commerce MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
13.8% Upside
C$64.80 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.45mentions of Canadian Imperial Bank of Commerce in the last 14 days
Based on 7 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

See Top Rated MarketRank™ Stocks Here

CM stock logo

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 9, 2023 | finance.yahoo.com
Canada Suffers Minor Job Losses, Snapping Eight-Month Streak
June 8, 2023 | msn.com
DESJARDINS SECURITIES Maintains Canadian Imperial Bank of Commerce (TSX:CM) Hold Recommendation
June 9, 2023 | Edge On The Street (Ad)
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
June 8, 2023 | msn.com
VERITAS INVESTMENT RESEARCH Downgrades Canadian Imperial Bank of Commerce (TSX:CM)
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 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)
June 9, 2023 | Edge On The Street (Ad)
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
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
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
See More Headlines

CM Price History

CM Company Calendar

Last Earnings
8/24/2017
Ex-Dividend for 4/28 Dividend
3/27/2023
Dividend Payable
4/28/2023
Today
6/09/2023
Ex-Dividend for 7/28 Dividend
6/27/2023
Dividend Payable
7/28/2023
Next Earnings (Estimated)
8/24/2023
Get Stock Alerts

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
+13.0%
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
11.33
Forward P/E Ratio
8.21
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
2.48
Cash Flow
C$260.71 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$52.61 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 research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokers 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 expect the company's stock price to reach C$64.80 in the next twelve months. This suggests a possible upside of 13.0% 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 4.7% and is now trading at C$57.33.
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 earnings results on Thursday, August, 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.14. The business earned $4.10 billion during 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 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 declared 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 6.07%. The ex-dividend date is Tuesday, June 27th. This is a boost 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$57.33.

How much money does Canadian Imperial Bank of Commerce make?

Canadian Imperial Bank of Commerce (TSE:CM) has a market capitalization of C$52.61 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 6/9/2023 by MarketBeat.com Staff

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