Canadian Imperial Bank of Commerce (CM)

NYSE: CM · IEX Real-Time Price · USD
45.93
-0.04 (-0.09%)
Feb 2, 2023, 9:47 AM EST - Market open
-0.09%
Market Cap 41.63B
Revenue (ttm) 15.82B
Net Income (ttm) 4.38B
Shares Out 906.15M
EPS (ttm) 4.84
PE Ratio 9.50
Forward PE 8.42
Dividend $2.45 (5.33%)
Ex-Dividend Date Dec 27, 2022
Volume 56,390
Open 45.60
Previous Close 45.97
Day's Range 45.85 - 46.26
52-Week Range 39.40 - 65.89
Beta 1.03
Analysts Buy
Price Target 49.06 (+6.82%)
Earnings Date Feb 24, 2023

About 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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit... [Read more]

Sector Financials
Founded 1867
Employees 50,427
Stock Exchange NYSE
Ticker Symbol CM
Full Company Profile

Financial Performance

In 2022, CM's revenue was 21.83 billion, an increase of 9.08% compared to the previous year's 20.02 billion. Earnings were 6.05 billion, a decrease of -3.54%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for CM stock is "Buy." The 12-month stock price forecast is $49.06, which is an increase of 6.82% from the latest price.

Price Target
$49.06
(6.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

7 Dividend Stocks That Will Be Big Winners in 2023

With the shifting of market fortunes over the past year, we've seen a major rotation. Growth stocks are out.

Other symbols: AVBDELLFINTCMMMWBA
1 week ago - InvestorPlace

Canadian Imperial (CM) Asked to Pay $848 Million to Cerberus

Canadian Imperial (CM) needs to pay $848 million in damages to Cerberus in relation to a contract dispute tied to the 2008 global financial crisis.

3 weeks ago - Zacks Investment Research

CIBC to appeal decision in Cerberus matter

TORONTO , Jan. 4, 2023 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) announced that it intends to appeal the New York Court decision released after close of business on January 3, 2023 finding CIBC liable ...

1 month ago - PRNewsWire

7 Income Stocks for the Millionaire Portfolio

Millionaire investors searching for income stocks to buy have a different problem than the rest of the market players. They need to balance their portfolio's preservation of capital against generating...

Other symbols: BBYBMOBXDVNMOO
2 months ago - InvestorPlace

Canadian Imperial (CM) Stock Dips as Q4 Earnings Decline Y/Y

Canadian Imperial (CM) records a rise in revenues and expenses in the fourth quarter of fiscal 2022 (ended Oct 31).

2 months ago - Zacks Investment Research

CIBC comments on ruling in Cerberus matter

TORONTO , Dec. 2, 2022 /PRNewswire/ - CIBC (TSX:CM) (NYSE:CM) announced today that a New York court issued a liability ruling against CIBC late in the afternoon on December 1, 2022, in a lawsuit broug...

2 months ago - PRNewsWire

Analysts Estimate Canadian Imperial Bank (CM) to Report a Decline in Earnings: What to Look Out for

Canadian Imperial Bank (CM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

National Bank of Canada and Canadian Imperial Bank of Commerce (CIBC) have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing the deal, accordi...

Other symbols: HSBCBMO
3 months ago - Reuters

BNPQY vs. CM: Which Stock Should Value Investors Buy Now?

BNPQY vs. CM: Which Stock Is the Better Value Option?

4 months ago - Zacks Investment Research

CIBC Announces Senior Executive Appointments

TORONTO , Oct. 4, 2022 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced senior leadership appointments to further the bank's client-focused strategy. "We have bu...

4 months ago - PRNewsWire

The 3 Best Bank Stocks to Buy Now

The Globe and Mail published an article on Sept. 23 that discussed the terrifying — and highly profitable — journey of a bank stock.

Other symbols: RYFSIVB
4 months ago - InvestorPlace

BCS vs. CM: Which Stock Should Value Investors Buy Now?

BCS vs. CM: Which Stock Is the Better Value Option?

Other symbols: BCS
5 months ago - Zacks Investment Research

BCS or CM: Which Is the Better Value Stock Right Now?

BCS vs. CM: Which Stock Is the Better Value Option?

Other symbols: BCS
5 months ago - Zacks Investment Research

Canadian Imperial (CM) Q3 Earnings Fall on Higher Provisions

Higher provisions and a rise in non-interest expenses hurt Canadian Imperial's (CM) fiscal Q3 earnings.

5 months ago - Zacks Investment Research

Canadian Imperial Bank (CM) Beats Q3 Earnings and Revenue Estimates

Canadian Imperial Bank (CM) delivered earnings and revenue surprises of 3.57% and 2.30%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Canadian lender CIBC posts fall in third-quarter earnings

Canadian Imperial Bank of Commerce on Thursday reported a fall in third-quarter earnings, as the lender set aside higher provisions to prepare for defaults arising from a slowdown in the economy.

5 months ago - Reuters

Canadian banks face Q3 earnings declines on provisions, markets woes

Canadian banks are expected to post declines in profits on average in the third quarter as a murky economic outlook drives up provisions for credit losses (PCL) while market turmoil pressures capital ...

Other symbols: BMOBNSRYTD
5 months ago - Reuters

BNPQY or CM: Which Is the Better Value Stock Right Now?

BNPQY vs. CM: Which Stock Is the Better Value Option?

6 months ago - Zacks Investment Research

Why Canadian Imperial Bank (CM) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian Imperial Bank (CM) have what it takes?

6 months ago - Zacks Investment Research

KBCSY or CM: Which Is the Better Value Stock Right Now?

KBCSY vs. CM: Which Stock Is the Better Value Option?

7 months ago - Zacks Investment Research

CIB or CM: Which Is the Better Value Stock Right Now?

CIB vs. CM: Which Stock Is the Better Value Option?

Other symbols: CIB
8 months ago - Zacks Investment Research

Canadian Imperial (CM) Down as Q2 Earnings Fall on Higher Costs

An increase in expenses and higher provisions hurt Canadian Imperial's (CM) fiscal Q2 earnings, despite a rise in loan demand aiding revenues.

8 months ago - Zacks Investment Research

Canadian Imperial Bank (CM) Beats Q2 Earnings and Revenue Estimates

Canadian Imperial Bank (CM) delivered earnings and revenue surprises of 0.72% and 3.87%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

BSMX vs. CM: Which Stock Should Value Investors Buy Now?

BSMX vs. CM: Which Stock Is the Better Value Option?

Other symbols: BSMX
9 months ago - Zacks Investment Research

Earnings Preview: Canadian Imperial Bank (CM) Q2 Earnings Expected to Decline

Canadian Imperial Bank (CM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research