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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CM shares. View CM analyst ratings or view top-rated stocks .

What is Canadian Imperial Bank of Commerce's stock price target for 2024?

7 brokerages have issued 1 year price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from $57.00 to $67.00. On average, they predict the company's share price to reach $63.00 in the next twelve months. This suggests a possible upside of 39.7% 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 $48.14 at the start of the year. Since then, CM shares have decreased by 6.3% and is now trading at $45.10. View the best growth stocks for 2024 here .

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,280,000 shares, a decline of 63.9% from the December 31st total of 25,690,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 5.8 days. Approximately 1.0% of the company's stock are short sold. View Canadian Imperial Bank of Commerce's Short Interest .

When is Canadian Imperial Bank of Commerce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024. View our CM earnings forecast .

How can I listen to Canadian Imperial Bank of Commerce's earnings call?

Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, February 29th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "8797228#".

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

Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings data on Thursday, November, 30th. The bank reported $1.16 EPS for the quarter, beating the consensus estimate of $1.13 by $0.03. The bank earned $5.84 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 13.55% and a net margin of 8.99%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share.

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 Friday, December 1st. Shareholders of record on Thursday, December 28th will be given a dividend of $0.6623 per share on Monday, January 29th. This represents a $2.65 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Wednesday, December 27th. This is an increase from the stock's previous quarterly dividend of $0.66. Read our dividend analysis for CM .

Is Canadian Imperial Bank of Commerce a good dividend stock?

Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.58 per share and currently has a dividend yield of 5.71%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 46.99% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CM .

When did Canadian Imperial Bank of Commerce's stock split?

Canadian Imperial Bank of Commerce's stock split on the morning of Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly created shares were issued to shareholders after the market closes on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?

1,528 employees have rated Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig on Glassdoor.com . Victor Dodig has an approval rating of 86% among the company's employees.

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 AT&T (T) , Bank of Nova Scotia (BNS) , Toronto-Dominion Bank (TD) , Pfizer (PFE) , Royal Bank of Canada (RY) , Verizon Communications (VZ) , Cisco Systems (CSCO) , Enbridge (ENB) , AbbVie (ABBV) and Simon Property Group (SPG) .

Who are Canadian Imperial Bank of Commerce's major shareholders?

Canadian Imperial Bank of Commerce's stock is owned by many different retail and institutional investors. Top institutional investors include National Bank of Canada FI (1.38%), Norges Bank (0.90%), Mackenzie Financial Corp (0.48%), Dimensional Fund Advisors LP (0.28%), Intact Investment Management Inc. (0.27%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%).

How do I buy shares of Canadian Imperial Bank of Commerce?

Shares of CM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Canadian Imperial Bank of Commerce have any subsidiaries?

The following companies are subsidiares of Canadian Imperial Bank of Commerce: CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bancorp USA Inc., CIBC Bank USA, CIBC Capital Markets (Europe) S.A., CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Cayman Holdings Limited, CIBC Cayman Reinsurance Limited, CIBC Delaware Trust Company, CIBC Fund Administration Services (Asia) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC National Trust Company, CIBC Private Wealth Advisors Inc., CIBC Private Wealth Group LLC, CIBC Securities Inc., CIBC Trust Corporation, CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Curacao) N.V., FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Bank and Trust Company (Cayman) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) Limited, FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V., FirstCaribbean International Securities Limited, FirstCaribbean International Trust Company (Bahamas) Limited, FirstCaribbean International Wealth Management Bank (Barbados) Limited, Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, Sentry Insurance Brokers Ltd., and Wellington Financial. Read More

NYSE:CM

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

$45.10

+0.44 (+0.99%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $44.57
▼
$45.13
50-Day Range: $42.06
▼
$48.81
52-Week Range: $34.35
▼
$48.92

Volume: 1.67 million shs
Average Volume: 1.57 million shs
Market Capitalization: $42.02 billion

P/E Ratio: 11.81
Dividend Yield: 5.72%
Price Target: $63.00

Get Canadian Imperial Bank of Commerce alerts:

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 39.7% Upside
$63.00 Price Target
Short Interest: Healthy
1.00% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: 0.91
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.77%
From $5.24 to $5.49 Per Share

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.

4.90 out of 5 stars

Finance Sector

45th out of 834 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 27 stocks

3.3

Analyst's Opinion

Consensus Rating
Canadian Imperial Bank of Commerce has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $63.00, Canadian Imperial Bank of Commerce has a forecasted upside of 39.7% from its current price of $45.10.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.00% of the float of Canadian Imperial Bank of Commerce has been sold short.
Short Interest Ratio / Days to Cover
Canadian Imperial Bank of Commerce has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in Canadian Imperial Bank of Commerce has recently decreased by 63.88%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 5.71%, 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 67.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canadian Imperial Bank of Commerce will have a dividend payout ratio of 46.99% next year. This indicates that Canadian Imperial Bank of Commerce will be able to sustain or increase its dividend.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Canadian Imperial Bank of Commerce has received a 48.36% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Commercial deposit accounts", "Installment loans to small and medium-sized corporations", "Wire transfer services", "Debit cards", and "Credit cards" products. See details.
Environmental Sustainability
The Environmental Impact score for Canadian Imperial Bank of Commerce is -0.47.

3.8

News and Social Media Coverage

News Sentiment
Canadian Imperial Bank of Commerce has a news sentiment score of 0.91. 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 higher news sentiment than the 0.81 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Canadian Imperial Bank of Commerce this week, compared to 5 articles on an average week.
Search Interest
40 people have searched for CM on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.
MarketBeat Follows
10 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is an increase of 25% 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 Institutions
43.72% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Canadian Imperial Bank of Commerce are expected to grow by 4.77% in the coming year, from $5.24 to $5.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 11.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 11.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.67.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 1.98. 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 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Canadian Imperial Bank of Commerce was formed in 1961 with the merger of the Canadian Bank of Commerce and Imperial Bank of Canada. The merger, the largest in Canadian banking history, gave the Canadian Imperial Bank of Commerce its name but not its true origin. The founding banks originated in 1867 and 1873 respectively and were among the country’s oldest surviving banks at the time. The business is headquartered in Toronto and located at the iconic CIBC Square in downtown Toronto.

Today, the Canadian Imperial Bank of Commerce is a diversified international financial institution serving more than 13 million clients globally. It provides a full range of financial products and services for individuals, families, businesses and institutions in North America and around the world. The company’s goal is to create value by providing consistent returns and sustainable growth. The company maintains a lower-than-average credit profile to help achieve that goal and keep it in a position to take advantage of strategic opportunities.

The Canadian Imperial Bank of Commerce operates in 4 segments that include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. In late 2022 the company brought in over C$20 billion in revenue, had more than C$678 billion in deposits and had more than C$896 million in total assets. In regard to the bank’s health, it carries high AA or A+ investment grade credit ratings from all the major credit rating agencies.

The company’s products and services include personal and business deposit accounts, checking, savings, credit cards, and loans. Loans include mortgages, business credit, student loans, and agri-business. Other products include investment services, wealth management, and insurance services. Canadian Imperial Bank of Commerce’s digital platform, which was the first launched in Canada, is award-winning and ranked #1 for customer satisfaction by J.D. Power.

Canadian Imperial Bank of Commerce’s strategy is built on 3 drivers. The first is focusing on high-growth, high-traffic client demographics, the second is elevating the customer experience through digital and the third is investing in differentiators within fast-growing markets. Canadian Imperial Bank of Commerce is also a committed dividend payer that has not only paid a dividend every year since its inception but increases it on a regular basis as well. The company is also well-known for its long-term dividend growth and has a 15-year CAGR above 5.0%.

Canadian Imperial Bank of Commerce is committed to sustainability. The company’s efforts won it a spot on Canada’s Greenest Employers list for 2022 as well as recognition as Best Diversity Employer and for gender equality.

CM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CM Stock News Headlines

February 10, 2024 | americanbankingnews.com

Canadian Imperial Bank of Commerce to Post Q1 2024 Earnings of $1.24 Per Share, Desjardins Forecasts (NYSE:CM)

February 7, 2024 | americanbankingnews.com

Brokerages Set Canadian Imperial Bank of Commerce (NYSE:CM) Price Target at $63.00

February 12, 2024 | Edge On The Street (Ad)

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February 6, 2024 | bloomberg.com

Canada’s Housing Target Falls 1.5 Million Units Short, CIBC Says

February 5, 2024 | finance.yahoo.com

Media Advisory - CIBC to Announce First Quarter 2024 Results on February 29, 2024

February 3, 2024 | msn.com

Canadian office space operator takes C$500 mln writedown, shares slump

February 3, 2024 | ca.finance.yahoo.com

Better Buy: Scotiabank Stock or CIBC?

January 26, 2024 | finance.yahoo.com

Retail investors account for 54% of Canadian Imperial Bank of Commerce's (TSE:CM) ownership, while institutions account for 46%

February 12, 2024 | The Freeport Society (Ad)

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January 24, 2024 | finance.yahoo.com

New Strong Buy Stocks for January 24th

January 23, 2024 | finance.yahoo.com

CIBC named one of Canada's Top Employers for Young People

January 22, 2024 | barrons.com

Canadian Imperial Bank of Commerce

January 22, 2024 | finance.yahoo.com

CIBC announces affordable housing deal for Boulevard Apartments in Chicago

January 15, 2024 | finance.yahoo.com

Bank of Canada Surveys Show Inflation Expectations Are Coming Down

January 15, 2024 | seekingalpha.com

Canadian Imperial Bank of Commerce: Grab The 6% Dividend Yield And Double-Digit Earnings Growth

January 11, 2024 | finance.yahoo.com

CIBC Said to Explore Selling $316 Million of US Office Debt

January 5, 2024 | msn.com

Barclays hires CIBC head to lead Canadian investment bank

January 5, 2024 | finance.yahoo.com

Canada Job Gains Miss Forecast But Wage Growth Accelerates

December 30, 2023 | finance.yahoo.com

Investors in Canadian Imperial Bank of Commerce (TSE:CM) have seen respectable returns of 62% over the past five years

December 21, 2023 | msn.com

Retirees: Canadian Bank Preferred Shares Offer Copious Yield

December 21, 2023 | finance.yahoo.com

39th CIBC Miracle Day: $6 million donated to children's charities worldwide

December 20, 2023 | finance.yahoo.com

CIBC Asset Management announces CIBC ETF cash distributions for December 2023

December 20, 2023 | finance.yahoo.com

CIBC Asset Management announces final 2023 annual reinvested capital gains distributions for CIBC ETFs and ETF Series

December 14, 2023 | finance.yahoo.com

CIBC named to the Dow Jones Sustainability North America Index for the 19th consecutive year

December 13, 2023 | finance.yahoo.com

Oil Rises as Large US Stockpile Drawdown Gives Bears Pause

December 11, 2023 | finance.yahoo.com

CIBC recognized as Corporate Partner of the Year by the Latino Entrepreneurial Network

December 4, 2023 | finance.yahoo.com

CIBC Asset Management Inc. announces that the CIBC Global Growth Balanced Fund is now available for purchase

See More Headlines

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Company Calendar

Last Earnings: 11/30/2023
Ex-Dividend for 1/29 Dividend: 12/27/2023
Dividend Payable: 1/29/2024
Today: 2/11/2024
Next Earnings (Confirmed): 2/29/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:CM
CUSIP: N/A
CIK: 1045520
Web: www.cibc.com
Phone: (416) 980-2211
Fax: 416-980-7012
Employees: 48,074
Year Founded: 1867

Price Target and Rating

Average Stock Price Target: $63.00
High Stock Price Target: $67.00
Low Stock Price Target: $57.00
Potential Upside/Downside: +39.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.82
Trailing P/E Ratio: 11.81
Forward P/E Ratio: 8.61
P/E Growth: 1.98
Net Income: $3.70 billion
Net Margins: 8.99%
Pretax Margin: 12.54%
Return on Equity: 13.55%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.06
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $41.16 billion
Price / Sales: 1.02
Cash Flow: $6.02 per share
Price / Cash Flow: 7.49
Book Value: $40.28 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 931,810,000
Free Float: N/A
Market Cap: $42.02 billion
Optionable: Optionable
Beta: 1.05

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Key Executives

Mr. Victor G. Dodig (Age 58)
President, CEO & Director
Comp: $2.14M
Mr. Hratch Panossian
Senior EVP, CFO and Head of Enterprise Strategy
Mr. Michael G. Capatides
Vice-Chair of CIBC Bank USA
Mr. Harry K. Culham
Senior EVP and Group Head of Capital Markets & Direct Financial Services
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. John P. Ferren
Senior Vice President of Deposit Products & Analytics
Mr. Michael J. Boluch
Executive Vice President of Technology & Enterprise Innovation
Mr. Stephen J. Forbes
Chief Commercial Officer & Executive VP

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Imperial Bank of Commerce was last updated on Thursday, February 1, 2024 at 1:29 PM.

Pros

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

Strong financial institution: Canadian Imperial Bank of Commerce is a diversified financial institution with a long history, providing various financial products and services to personal, business, public sector, and institutional clients.
Stable dividend: The company recently increased its quarterly dividend, indicating a commitment to returning value to shareholders. The current dividend yield is 5.76%.
Positive earnings growth: Canadian Imperial Bank of Commerce has consistently reported positive earnings growth, with analysts predicting a EPS of 5.24 for the current fiscal year.
Market presence: The company operates in Canada, the United States, and internationally, providing access to a diverse range of markets and opportunities.
Strong capital position: Canadian Imperial Bank of Commerce has a market cap of $42.85 billion and a debt-to-equity ratio of 0.13, indicating a strong capital position.

Cons

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

Market volatility: The stock price of Canadian Imperial Bank of Commerce has experienced fluctuations in the past, which may pose risks to investors.
Competition: The financial industry is highly competitive, and Canadian Imperial Bank of Commerce faces competition from other financial institutions in Canada, the United States, and internationally.
Regulatory environment: The financial industry is subject to regulatory changes and compliance requirements, which may impact the operations and profitability of Canadian Imperial Bank of Commerce.
Interest rate risk: Changes in interest rates can affect the profitability of financial institutions, including Canadian Imperial Bank of Commerce.
Economic conditions: The performance of Canadian Imperial Bank of Commerce is influenced by economic conditions in the markets it operates in, and any downturn in the economy may impact its financial performance.

CM Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CM shares.
View CM analyst ratings or view top-rated stocks.
What is Canadian Imperial Bank of Commerce's stock price target for 2024?: 7 brokerages have issued 1 year price objectives for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from $57.00 to $67.00. On average, they predict the company's share price to reach $63.00 in the next twelve months. This suggests a possible upside of 39.7% 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 $48.14 at the start of the year. Since then, CM shares have decreased by 6.3% and is now trading at $45.10.
View the best growth stocks for 2024 here.
Are investors shorting Canadian Imperial Bank of Commerce?: Canadian Imperial Bank of Commerce saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,280,000 shares, a decline of 63.9% from the December 31st total of 25,690,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 5.8 days. Approximately 1.0% of the company's stock are short sold.
View Canadian Imperial Bank of Commerce's Short Interest.
When is Canadian Imperial Bank of Commerce's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our CM earnings forecast.
How can I listen to Canadian Imperial Bank of Commerce's earnings call?: Canadian Imperial Bank of Commerce will be holding an earnings conference call on Thursday, February 29th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "8797228#".
How were Canadian Imperial Bank of Commerce's earnings last quarter?: Canadian Imperial Bank of Commerce (NYSE:CM) announced its quarterly earnings data on Thursday, November, 30th. The bank reported $1.16 EPS for the quarter, beating the consensus estimate of $1.13 by $0.03. The bank earned $5.84 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 13.55% and a net margin of 8.99%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share.
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 Friday, December 1st. Shareholders of record on Thursday, December 28th will be given a dividend of $0.6623 per share on Monday, January 29th. This represents a $2.65 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Wednesday, December 27th. This is an increase from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for CM.

Is Canadian Imperial Bank of Commerce a good dividend stock?: Canadian Imperial Bank of Commerce (NYSE:CM) pays an annual dividend of $2.58 per share and currently has a dividend yield of 5.71%. CM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 46.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.
When did Canadian Imperial Bank of Commerce's stock split?: Canadian Imperial Bank of Commerce's stock split on the morning of Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly created shares were issued to shareholders after the market closes on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
What is Victor Dodig's approval rating as Canadian Imperial Bank of Commerce's CEO?: 1,528 employees have rated Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig on Glassdoor.com. Victor Dodig has an approval rating of 86% among the company's employees.
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 AT&T (T), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), Cisco Systems (CSCO), Enbridge (ENB), AbbVie (ABBV) and Simon Property Group (SPG).
Who are Canadian Imperial Bank of Commerce's major shareholders?: Canadian Imperial Bank of Commerce's stock is owned by many different retail and institutional investors. Top institutional investors include National Bank of Canada FI (1.38%), Norges Bank (0.90%), Mackenzie Financial Corp (0.48%), Dimensional Fund Advisors LP (0.28%), Intact Investment Management Inc. (0.27%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%).
How do I buy shares of Canadian Imperial Bank of Commerce?: Shares of CM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Canadian Imperial Bank of Commerce have any subsidiaries?: The following companies are subsidiares of Canadian Imperial Bank of Commerce: CIBC Asset Management Inc., CIBC Australia Ltd, CIBC BA Limited, CIBC Bancorp USA Inc., CIBC Bank USA, CIBC Capital Markets (Europe) S.A., CIBC Cayman Bank Limited, CIBC Cayman Capital Limited, CIBC Cayman Holdings Limited, CIBC Cayman Reinsurance Limited, CIBC Delaware Trust Company, CIBC Fund Administration Services (Asia) Limited, CIBC Inc., CIBC Investments (Cayman) Limited, CIBC Investor Services Inc., CIBC Life Insurance Company Limited, CIBC Mortgages Inc., CIBC National Trust Company, CIBC Private Wealth Advisors Inc., CIBC Private Wealth Group LLC, CIBC Securities Inc., CIBC Trust Corporation, CIBC Wood Gundy Financial Services (Quebec) Inc., CIBC Wood Gundy Financial Services Inc., CIBC World Markets (Japan) Inc., CIBC World Markets Corp., CIBC World Markets Inc., Canadian Imperial Holdings Inc., Cleary Gull, FirstCaribbean International Bank (Bahamas) Limited, FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Cayman) Limited, FirstCaribbean International Bank (Curacao) N.V., FirstCaribbean International Bank (Jamaica) Limited, FirstCaribbean International Bank (Trinidad and Tobago) Limited, FirstCaribbean International Bank Limited, FirstCaribbean International Bank and Trust Company (Cayman) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) Limited, FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V., FirstCaribbean International Securities Limited, FirstCaribbean International Trust Company (Bahamas) Limited, FirstCaribbean International Wealth Management Bank (Barbados) Limited, Geneva Advisors, INTRIA Items Inc., Lowenhaupt Global Advisors, PrivateBancorp, Sentry Insurance Brokers Ltd., and Wellington Financial.
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This page (NYSE:CM) was last updated on 2/12/2024 by MarketBeat.com Staff

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