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

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 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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?

9 Wall Street analysts have issued 12-month target prices for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from $57.00 to $67.00. On average, they anticipate the company's share price to reach $63.00 in the next year. This suggests a possible upside of 34.0% 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 2024?

Canadian Imperial Bank of Commerce's stock was trading at $48.14 at the beginning of 2024. Since then, CM shares have decreased by 2.3% and is now trading at $47.03. View the best growth stocks for 2024 here .

Are investors shorting Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce saw a increase in short interest in March. As of March 31st, there was short interest totaling 30,020,000 shares, an increase of 88.8% from the March 15th total of 15,900,000 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 15.9 days. Approximately 3.2% of the shares of the stock are sold short. 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, May 23rd 2024. View our CM earnings forecast .

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

Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday, February, 29th. The bank reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. The bank earned $4.60 billion during the quarter, compared to analyst estimates of $4.47 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 13.07% and a net margin of 10.79%.

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 Friday, March 1st. Investors of record on Thursday, March 28th will be paid a dividend of $0.6634 per share on Monday, April 29th. This represents a $2.65 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Wednesday, March 27th. This is a boost 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 $1.28 per share and currently has a dividend yield of 2.68%. The dividend payout ratio is 26.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 24.24% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CM .

What ETFs hold Canadian Imperial Bank of Commerce's stock?

ETFs with the largest weight of Canadian Imperial Bank of Commerce (NYSE:CM) stock in their portfolio include Invesco International Dividend Achievers ETF (PID) , JPMorgan BetaBuilders Canada ETF (BBCA) , Franklin International Low Volatility High Dividend Index ETF (LVHI) and SPDR S&P Global Dividend ETF (WDIV) . Avantis International Large Cap Value ETF (AVIV) .

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

Canadian Imperial Bank of Commerce shares split on the morning of Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were payable 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 a variety of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.24%), Addenda Capital Inc. (0.03%), Nexus Investment Management ULC (0.01%), Fulton Bank N.A. (0.00%), Signal Advisors Wealth LLC (0.00%) and Park Avenue Securities LLC (0.00%).

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

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Free CM Stock Alerts

$47.00

-0.71 (-1.49%)

(As of 04/16/2024 ET)

Compare

Today's Range: $46.72
▼
$47.33
50-Day Range: $44.29
▼
$50.72
52-Week Range: $34.35
▼
$51.14

Volume: 1.76 million shs
Average Volume: 1.84 million shs
Market Capitalization: $44.06 billion

P/E Ratio: 9.71
Dividend Yield: 2.72%
Price Target: $63.00

Get Canadian Imperial Bank of Commerce alerts:

Canadian Imperial Bank of Commerce MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 34.0% Upside
$63.00 Price Target
Short Interest: Bearish
3.20% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: 0.91
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.76%
From $5.04 to $5.28 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.

4.36 out of 5 stars

Finance Sector

219th out of 849 stocks

Commercial Banks, Not Elsewhere Classified Industry

10th out of 28 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 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Canadian Imperial Bank of Commerce has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
3.20% 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 15.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Canadian Imperial Bank of Commerce has recently increased by 88.81%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Canadian Imperial Bank of Commerce pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.
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 26.45%. 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 24.24% 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.

3.3

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 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Canadian Imperial Bank of Commerce this week, compared to 5 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
8 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is an increase of 167% 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
49.88% 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 4.76% in the coming year, from $5.04 to $5.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Imperial Bank of Commerce is 9.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Imperial Bank of Commerce is 9.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.66.
Price to Earnings Growth Ratio
Canadian Imperial Bank of Commerce has a PEG Ratio of 2.25. 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 1.17. 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 (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

April 16, 2024 | finance.yahoo.com

CIBC named one of Canada's Greenest Employers for third consecutive year

April 13, 2024 | msn.com

Homeownership feels out of reach for 76% of Canadians who don’t own property: CIBC

April 16, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 11, 2024 | finance.yahoo.com

Homeownership feels out of reach for 76 per cent of Canadians who don't own property: CIBC Poll

April 11, 2024 | msn.com

Invest $200 Each Month to Create $331.56 in Passive Income in 2024

April 10, 2024 | fool.com

3 High-Yield Bank Stocks to Buy at a Discount

April 7, 2024 | seekingalpha.com

Canadian Imperial Bank: Buy This Quality Dividend At The Right Price

April 4, 2024 | theglobeandmail.com

Ottawa housing proposals won’t solve issue, CIBC CEO says

April 16, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 4, 2024 | bloomberg.com

CIBC CEO Dodig Says Multiple Rate Cuts This Year Are Unlikely

April 4, 2024 | ca.finance.yahoo.com

CIBC CEO says Canada should pursue policies that tame inflation in upcoming budget

March 28, 2024 | msn.com

Tax Time: How to Keep More of Your Money

March 28, 2024 | finance.yahoo.com

Media Advisory - CIBC to hold Annual Meeting of Shareholders on April 4

March 26, 2024 | investorplace.com

3 Stocks to Buy for Both Dividends and Value in March

March 13, 2024 | bloomberg.com

CIBC Sees Government of Canada Bond Issuance Rising 22%

March 12, 2024 | finance.yahoo.com

CIBC releases 2023 ESG disclosures updating its progress toward a more sustainable future

March 6, 2024 | finance.yahoo.com

CIBC Innovation Banking Provides Growth Capital Financing to Swoogo

March 2, 2024 | finance.yahoo.com

Canadian Imperial Bank of Commerce First Quarter 2024 Earnings: Beats Expectations

March 1, 2024 | finance.yahoo.com

CIBC's 2024 Annual Meeting of Shareholders - Meeting Materials Now Available

February 28, 2024 | finance.yahoo.com

CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC

February 27, 2024 | stocknews.com

Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CM): Are They Worth Adding to Your Watchlist Ahead of Earnings?

February 23, 2024 | finance.yahoo.com

CIBC Innovation Banking Provides Growth Capital to InsightRX

February 23, 2024 | finance.yahoo.com

Canadian Imperial Bank of Commerce Insiders Placed Bullish Bets Worth CA$5.68m

February 22, 2024 | finance.yahoo.com

Oil Rises Near Upper End of Range on Signs of Tighter Market

February 22, 2024 | reuters.com

Canadian banks' limited office loans offer investors some comfort

February 22, 2024 | finance.yahoo.com

CIBC Asset Management announces CIBC ETF cash distributions for February 2024

February 6, 2024 | bloomberg.com

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

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
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: +33.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.84
Trailing P/E Ratio: 9.72
Forward P/E Ratio: 9.33
P/E Growth: 2.25
Net Income: $3.70 billion
Net Margins: 10.79%
Pretax Margin: 13.68%
Return on Equity: 13.07%
Return on Assets: 0.66%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 1.05
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $41.16 billion
Price / Sales: 1.07
Cash Flow: $5.90 per share
Price / Cash Flow: 7.97
Book Value: $40.28 per share
Price / Book: 1.17

Miscellaneous

Outstanding Shares: 937,520,000
Free Float: N/A
Market Cap: $44.10 billion
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. Victor G. Dodig (Age 58)
President, CEO & Director
Comp: $2.16M
Mr. Hratch Panossian
Senior EVP, CFO and Head of Enterprise Strategy
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. Shawn Beber
Senior EVP & Group Head of US Region
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 60)
Senior EVP and Group Head of People, Culture & Brand
Mr. Michael G. Capatides
Vice-Chair of CIBC Bank USA
Mr. John P. Ferren
Senior Vice President of Deposit Products & Analytics

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

Pros

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

Canadian Imperial Bank of Commerce has a strong presence in Canada, the United States, and internationally, providing diversification across different markets.
The company offers a wide range of financial products and services, including banking, wealth management, and capital markets, catering to various client needs.
With a history dating back to 1867, Canadian Imperial Bank of Commerce has a long-standing reputation and experience in the financial industry.
Recent positive developments in the company's financial performance have shown growth potential, attracting investor interest.
The current stock price of Canadian Imperial Bank of Commerce is competitive, offering potential value for investors looking for entry opportunities.

Cons

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

Market volatility and economic uncertainties could impact the financial performance of Canadian Imperial Bank of Commerce, affecting investor returns.
Regulatory changes in the financial sector may pose challenges for Canadian Imperial Bank of Commerce's operations and profitability.
Intense competition in the banking industry could pressure margins and limit growth opportunities for Canadian Imperial Bank of Commerce.
Global economic conditions and geopolitical risks may introduce instability that could affect the company's international operations and revenue streams.
Investors should carefully monitor interest rate movements as they can influence the profitability of Canadian Imperial Bank of Commerce's lending and investment activities.

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?: 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 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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?: 9 Wall Street analysts have issued 12-month target prices for Canadian Imperial Bank of Commerce's stock. Their CM share price targets range from $57.00 to $67.00. On average, they anticipate the company's share price to reach $63.00 in the next year. This suggests a possible upside of 34.0% 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 2024?: Canadian Imperial Bank of Commerce's stock was trading at $48.14 at the beginning of 2024. Since then, CM shares have decreased by 2.3% and is now trading at $47.03.
View the best growth stocks for 2024 here.
Are investors shorting Canadian Imperial Bank of Commerce?: Canadian Imperial Bank of Commerce saw a increase in short interest in March. As of March 31st, there was short interest totaling 30,020,000 shares, an increase of 88.8% from the March 15th total of 15,900,000 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 15.9 days. Approximately 3.2% of the shares of the stock are sold short.
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, May 23rd 2024.
View our CM earnings forecast.
How were Canadian Imperial Bank of Commerce's earnings last quarter?: Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday, February, 29th. The bank reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. The bank earned $4.60 billion during the quarter, compared to analyst estimates of $4.47 billion. Canadian Imperial Bank of Commerce had a trailing twelve-month return on equity of 13.07% and a net margin of 10.79%.
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 Friday, March 1st. Investors of record on Thursday, March 28th will be paid a dividend of $0.6634 per share on Monday, April 29th. This represents a $2.65 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Wednesday, March 27th. This is a boost 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 $1.28 per share and currently has a dividend yield of 2.68%. The dividend payout ratio is 26.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CM will have a dividend payout ratio of 24.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CM.

What ETFs hold Canadian Imperial Bank of Commerce's stock?: ETFs with the largest weight of Canadian Imperial Bank of Commerce (NYSE:CM) stock in their portfolio include Invesco International Dividend Achievers ETF (PID), JPMorgan BetaBuilders Canada ETF (BBCA), Franklin International Low Volatility High Dividend Index ETF (LVHI) and SPDR S&P Global Dividend ETF (WDIV).Avantis International Large Cap Value ETF (AVIV).
When did Canadian Imperial Bank of Commerce's stock split?: Canadian Imperial Bank of Commerce shares split on the morning of Monday, May 16th 2022. The 2-1 split was announced on Friday, February 25th 2022. The newly minted shares were payable 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 a variety of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.24%), Addenda Capital Inc. (0.03%), Nexus Investment Management ULC (0.01%), Fulton Bank N.A. (0.00%), Signal Advisors Wealth LLC (0.00%) and Park Avenue Securities LLC (0.00%).
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

This page (NYSE: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

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

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 (NYSE: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

Social Links

Key Executives

Key Competitors

Institutional Ownership

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

Pros

Cons

CM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™