Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

13 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

13 analysts have issued 12-month price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from C$56.00 to C$74.00. On average, they predict the company's stock price to reach C$65.81 in the next twelve months. This suggests a possible upside of 0.1% 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 2024?

Canadian Imperial Bank of Commerce's stock was trading at C$63.80 at the beginning of 2024. Since then, CM shares have increased by 3.0% and is now trading at C$65.74. View the best growth stocks for 2024 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, May 23rd 2024. View our CM earnings forecast .

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

Canadian Imperial Bank of Commerce (TSE:CM) posted its quarterly earnings data on Thursday, February, 29th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.69 by $0.12. The business earned $6.22 billion during the quarter, compared to analysts' expectations of $6.07 billion. Canadian Imperial Bank of Commerce had a net margin of 29.50% and a trailing twelve-month return on equity of 12.14%.

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, February 29th. Stockholders of record on Thursday, March 28th will be given a dividend of 0.90 per share on Monday, April 29th. This represents a $3.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Wednesday, March 27th. 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$3.60 per share and currently has a dividend yield of 5.44%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.05%. 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) .

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 .

TSE:CM

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

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Free CM Stock Alerts

C$64.96

-0.78 (-1.19%)

(As of 10:16 AM ET)

Compare

Today's Range: C$64.82
▼
C$65.52
50-Day Range: C$60.08
▼
C$68.67
52-Week Range: C$47.44
▼
C$69.42

Volume: 406,509 shs
Average Volume: 3.61 million shs
Market Capitalization: C$60.89 billion

P/E Ratio: 9.93
Dividend Yield: 5.54%
Price Target: C$65.81

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Canadian Imperial Bank of Commerce alerts:

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 0.1% Upside
C$65.81 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.02
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.21 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 5 buy ratings, 8 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CM.

2.5

Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 5.44%, 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 55.05%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CM.

1.7

News and Social Media Coverage

News Sentiment
Canadian Imperial Bank of Commerce has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canadian Imperial Bank of Commerce this week, compared to 2 articles on an average week.
Search Interest
Only 24 people have searched for CM on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -77% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Imperial Bank of Commerce insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.03% of the stock of Canadian Imperial Bank of Commerce is held by insiders.
Percentage Held by Institutions
49.08% of the stock of Canadian Imperial Bank of Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 10.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 10.05, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 456.57.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 3.01. 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 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Canadian Imperial Bank of Commerce Stock (TSE:CM)

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; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

CM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CM Stock News Headlines

April 13, 2024 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Passes Above 50 Day Moving Average of $65.23

April 11, 2024 | finance.yahoo.com

CIBC Mellon names Shane Kuros Chief Business Development Officer

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

April 11, 2024 | msn.com

Entry to Canadian housing market feels out of reach for 76% of non-owners, poll suggests

April 6, 2024 | americanbankingnews.com

Canadian Imperial Bank of Commerce (TSE:CM) Given New C$74.00 Price Target at BMO Capital Markets

April 4, 2024 | theglobeandmail.com

CIBC Announces Election of Directors at 2024 Annual Meeting

April 2, 2024 | finance.yahoo.com

CIBC Innovation Banking Provides Growth Capital Financing to CertifID

April 1, 2024 | finance.yahoo.com

CIBC continues commitment to affordable housing with latest project: Thrive on King

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

March 26, 2024 | finance.yahoo.com

Canadian Imperial Bank of Commerce (CM)

March 21, 2024 | finance.yahoo.com

Bank of Canada Sees Quantitative Tightening Ending in 2025

March 21, 2024 | msn.com

Canadian Imperial Bank of Commerce NONCM PFD A 49 declares CAD 0.325 dividend

March 21, 2024 | finance.yahoo.com

CIBC Asset Management announces CIBC ETF cash distributions for March 2024

March 21, 2024 | finance.yahoo.com

CIBC to redeem Non-cumulative Rate Reset Class A Preferred Shares Series 49 (NVCC)

March 19, 2024 | finance.yahoo.com

Traders Boost Odds of June Rate Cut as Canada Inflation Cools

March 15, 2024 | msn.com

Canadian banks face ESG-related proposals at AGMs, but little new on climate

March 11, 2024 | theglobeandmail.com

Bank of Canada holds interest rate steady again

March 8, 2024 | finance.yahoo.com

Canada Job Gains Double Forecast, Wage Growth Eases to 4.9%

March 7, 2024 | marketwatch.com

Canadian Imperial Bank of Commerce Taps Robert Sedran as New CFO

March 1, 2024 | finance.yahoo.com

Canadian Imperial Bank of Commerce (NYSE:CM) Q1 2024 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

CIBC ranked #1 in Canada for gender equality by Equileap for fourth consecutive year

February 29, 2024 | seekingalpha.com

Canadian Imperial Bank of Commerce 2024 Q1 - Results - Earnings Call Presentation

February 29, 2024 | msn.com

Canadian Imperial Bank declares CAD 0.90 dividend

February 29, 2024 | msn.com

Canadian Imperial Bank Non-GAAP EPS of C$1.81, revenue of C$6.22B

February 29, 2024 | finance.yahoo.com

CIBC Announces First Quarter 2024 Results

February 29, 2024 | finance.yahoo.com

CIBC Declares Dividends for the Quarter Ending April 30, 2024

February 29, 2024 | ca.finance.yahoo.com

CIBC first-quarter profit beats estimates on robust Canada banking

See More Headlines

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Company Calendar

Ex-Dividend for 1/29 Dividend: 12/27/2023
Dividend Payable: 1/29/2024
Last Earnings: 2/29/2024
Ex-Dividend for 4/29 Dividend: 3/27/2024
Today: 4/16/2024
Dividend Payable: 4/29/2024
Next Earnings (Estimated): 5/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:CM
CUSIP: N/A
CIK: N/A
Web: www.cibc.com
Phone: +1-416-9802211
Fax: N/A
Employees: 48,047
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$65.81
High Stock Price Target: C$74.00
Low Stock Price Target: C$56.00
Potential Upside/Downside: +0.1%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.54
Trailing P/E Ratio: 10.05
Forward P/E Ratio: 9.64
P/E Growth: 3.01
Net Income: C$6.02 billion
Net Margins: 29.50%
Pretax Margin: N/A
Return on Equity: 12.14%
Return on Assets: 0.67%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$21.32 billion
Price / Sales: 2.89
Cash Flow: C$298.95 per share
Price / Cash Flow: 0.22
Book Value: C$54.91 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 937,270,000
Free Float: N/A
Market Cap: C$61.62 billion
Optionable: Not Optionable
Beta: 1.10

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Key Executives

Mr. Victor G. Dodig (Age 58)
President, CEO & Director
Comp: $2.94M
Mr. Harry K. Culham
Senior EVP and Group Head of Capital Markets & Direct Financial Services
Mr. Jon Hountalas
Senior EVP & Group Head of Canadian Banking
Mr. Hratch Panossian
Senior EVP & Head of Personal and Business Banking
Mr. Shawn Beber
Senior EVP & Group Head of US Region
Mr. Robert Sedran C.F.A. (Age 52)
Senior EVP & CFO
Ms. Christina C. Kramer
Senior EVP and Group Head of Technology, Infrastructure & Innovation
Ms. Kikelomo Lawal
Executive VP & Chief Legal Officer
Ms. Sandra R. Sharman (Age 61)
Senior EVP and Group Head of People, Culture & Brand
Mr. Michael G. Capatides
Vice-Chair of CIBC Bank USA

Key Competitors

View All Competitors

Insiders

Christina Charlotte Kramer
Sold 15,446 shares
Total: C$883,356.74 ($57.19/share)

View All Insider Transactions

Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

Canadian Imperial Bank of Commerce has shown strong financial performance in recent quarters, with consistent revenue growth and profitability.
The bank has a diversified business model, operating in various segments including commercial banking, wealth management, and capital markets, which can help mitigate risks.
Recent market analysis indicates that Canadian Imperial Bank of Commerce's stock price is undervalued compared to its peers, presenting a potential buying opportunity for investors.
The company's focus on digital banking and innovation has positioned it well to adapt to changing consumer preferences and technological advancements in the financial industry.
Canadian Imperial Bank of Commerce has a solid track record of paying dividends to shareholders, providing a source of passive income for investors.

Cons

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

The banking sector is subject to regulatory changes and economic fluctuations, which could impact Canadian Imperial Bank of Commerce's operations and financial performance.
Intense competition in the financial services industry may put pressure on the bank's market share and margins, affecting its profitability.
Global economic uncertainties, such as trade tensions and geopolitical risks, could create volatility in the financial markets, potentially impacting the bank's stock price.
Rising interest rates could lead to increased borrowing costs for Canadian Imperial Bank of Commerce, affecting its lending business and overall profitability.
Investors should closely monitor the bank's exposure to different asset classes and regions to assess potential risks related to market fluctuations and economic downturns.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

CM Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?: 13 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 13 analysts have issued 12-month price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from C$56.00 to C$74.00. On average, they predict the company's stock price to reach C$65.81 in the next twelve months. This suggests a possible upside of 0.1% 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 2024?: Canadian Imperial Bank of Commerce's stock was trading at C$63.80 at the beginning of 2024. Since then, CM shares have increased by 3.0% and is now trading at C$65.74.
View the best growth stocks for 2024 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, May 23rd 2024.
View our CM earnings forecast.
How were Canadian Imperial Bank of Commerce's earnings last quarter?: Canadian Imperial Bank of Commerce (TSE:CM) posted its quarterly earnings data on Thursday, February, 29th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.69 by $0.12. The business earned $6.22 billion during the quarter, compared to analysts' expectations of $6.07 billion. Canadian Imperial Bank of Commerce had a net margin of 29.50% and a trailing twelve-month return on equity of 12.14%.

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, February 29th. Stockholders of record on Thursday, March 28th will be given a dividend of 0.90 per share on Monday, April 29th. This represents a $3.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Wednesday, March 27th.
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$3.60 per share and currently has a dividend yield of 5.44%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.05%. 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).
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.

This page (TSE:CM) was last updated on 4/16/2024 by MarketBeat.com Staff

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

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Imperial Bank of Commerce Stock (TSE:CM)

CM Stock Price History

CM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

Pros

Cons

CM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™