Canadian Imperial Bank of Commerce (CM)

NYSE: CM · IEX Real-Time Price · USD
46.44
+0.56 (1.22%)
At close: Feb 20, 2024, 4:00 PM
46.45
+0.01 (0.02%)
After-hours: Feb 20, 2024, 7:33 PM EST
1.22%
Market Cap 43.24B
Revenue (ttm) 17.02B
Net Income (ttm) 3.45B
Shares Out 931.19M
EPS (ttm) 3.82
PE Ratio 12.17
Forward PE 7.01
Dividend $2.73 (5.87%)
Ex-Dividend Date Dec 27, 2023
Volume 1,670,761
Open 45.98
Previous Close 45.88
Day's Range 45.84 - 46.65
52-Week Range 34.35 - 48.92
Beta 1.09
Analysts Hold
Price Target 62.75 (+35.12%)
Earnings Date Feb 29, 2024

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 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; bu... [Read more]

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

Financial Performance

In 2023, CM's revenue was 23.32 billion, an increase of 6.82% compared to the previous year's 21.83 billion. Earnings were 4.73 billion, a decrease of -21.84%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CM stock is "Hold." The 12-month stock price forecast is $62.75, which is an increase of 35.12% from the latest price.

Price Target
$62.75
(35.12% upside)
Analyst Consensus: Hold
Stock Forecasts

News

U.S. bank crisis 'unlikely' to spill over to Canada, analyst says

Canada's top six lenders have ample liquidity and manageable credit risks which will help them to emerge largely unscathed from the crisis of confidence that has rocked the global banks over the last ...

Other symbols: BMORYTD
1 year ago - Reuters

Go Where the Money Is. Here's 3 Top Bank Dividend Stocks to Buy

Why do bank robbers rob banks? Because that's where the money is.

Other symbols: NTBNYCB
1 year ago - MarketBeat

CIBC settles Cerberus matter

TORONTO , Feb. 17, 2023 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) announced today that it has entered into an agreement with the special purpose vehicle controlled by Cerberus Capital Management L.P. (...

1 year ago - PRNewsWire

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 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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
1 year ago - Reuters

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...

1 year ago - PRNewsWire

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.

1 year 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
1 year ago - Reuters

CIBC's C$125 million settlement of financial crisis lawsuit gets court approval

Canadian Imperial Bank of Commerce has received approval from an Ontario court of a C$125 million ($98 million) settlement to resolve claims in a class-action lawsuit alleging misrepresentations made ...

2 years ago - Reuters

4 Bargain-Priced Canadian Financial Stocks

If you screen for New York Stock Exchange-traded stocks with price-earnings ratios of less than 20 which pay a dividend of greater than 3%, you find these four Canadian names in the financials sector....

Other symbols: BMOBNSMFC
2 years ago - GuruFocus

Canadian Banks: Safe Place to Park Cash

Canadian banks operate within a government-protected oligopoly. While they are tightly regulated by the federal government, they are widely considered to be among the safest in the world and a source ...

Other symbols: BMOBNSRYTD
2 years ago - GuruFocus

Recap: Canadian Imperial Bank Q4 Earnings

Canadian Imperial Bank (NYSE:CM) reported its Q4 earnings results on Thursday, December 2, 2021 at 06:00 AM. Here's what investors need to know about the announcement.

2 years ago - Benzinga

Canadian Imperial Bank Earnings Preview

Canadian Imperial Bank (NYSE:CM) is set to give its latest quarterly earnings report on Thursday, 2021-12-02. Here's what investors need to know before the announcement.

2 years ago - Benzinga

Earnings Outlook For Canadian Imperial Bank

Canadian Imperial Bank (NYSE:CM) is set to give its latest quarterly earnings report on Thursday, 2021-12-02. Here's what investors need to know before the announcement.

2 years ago - Benzinga

CIBC Bank USA Leads 6 Bank Syndicate; NADG NNN REIT Successfully Closes $202.5 Million Line of Credit

DALLAS, TX / ACCESSWIRE / October 6, 2021 / NADG NNN REIT, a private real estate investment trust, announced that it has successfully closed on a $202.5 million revolving credit facility. CIBC Bank US...

2 years ago - Accesswire

CIBC announces changes to the CIBC Atlas Clean Energy Index

DENVER, Sept. 13, 2021 /PRNewswire/ - CIBC today announced that the CIBC Atlas Clean Energy Index (the "Index") rebalance following close of business on September 17, 2021, will result in changes to t...

2 years ago - PRNewsWire

CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market

Pilot brings efficiency, liquidity and global standards to the carbon offset ecosystem LONDON, TORONTO, MELBOURNE and SAO PAULO, July 7, 2021 /PRNewswire/ - As part of an international joint effort, C...

Other symbols: ITUB
2 years ago - PRNewsWire

Canadian banks top profit estimates as lower provisions outweigh FX hit

By Nichola Saminather, Noor Zainab Hussain and Niket Nishant

Other symbols: RYTD
2 years ago - Reuters

CIBC Innovation Banking provides financing to CollegeNET, Inc.

CHICAGO, April 30, 2021 /PRNewswire/ - CIBC Innovation Banking today announced it has extended a $12.5 million credit facility to CollegeNET, Inc., a software provider  to colleges and universities. T...

3 years ago - PRNewsWire

The 20 Best Canadian Dividend Stocks for U.S. Investors

These 20 Canadian Dividend Aristocrats trade on either the NYSE or Nasdaq, and have increased their dividends annually for at least seven years.

Other symbols: AQNBAMBCEBIPBNSCNICNQ
3 years ago - Kiplinger

Recap: Canadian Imperial Bank Q3 Earnings

Shares of Canadian Imperial Bank (NYSE:CM) were flat in pre-market trading after the company reported Q3 results.

3 years ago - Benzinga

CipherHealth Accelerates Growth with Financing from CIBC Innovation Banking

NEW YORK--(BUSINESS WIRE)--CIBC Innovation Banking is pleased to announce growth capital financing for CipherHealth, an industry leader in healthcare technology solutions for patient engagement and co...

3 years ago - Business Wire

Canadian Imperial Bank: Q2 Earnings Insights

Shares of Canadian Imperial Bank (NYSE:CM) were flat in pre-market trading after the company reported Q2 results.

4 years ago - Benzinga

Canadian Imperial: This High-Yield Bank Offers 27% Share Price Appreciation

Unlike its U.S.-based counterparts, most of the large Canadian financial institutions were not forced to cut their dividends during the financial crisis.

4 years ago - GuruFocus