Canadian Imperial Bank of Commerce (CM)
| Market Cap | 44.16B |
| Revenue (ttm) | 17.63B |
| Net Income (ttm) | 4.50B |
| Shares Out | 937.27M |
| EPS (ttm) | 4.76 |
| PE Ratio | 9.91 |
| Forward PE | 7.00 |
| Dividend | $2.65 (5.62%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 443,880 |
| Open | 47.32 |
| Previous Close | 47.54 |
| Day's Range | 46.84 - 47.32 |
| 52-Week Range | 34.35 - 51.14 |
| Beta | 1.10 |
| Analysts | Hold |
| Price Target | 62.75 (+33.19%) |
| Earnings Date | May 23, 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]
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 StatementsAnalyst 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 33.19% from the latest price.
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 ...
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. (...
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 ...
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...
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...
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...
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.
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 ...
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 ...
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....
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 ...
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.
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.
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.
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...
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...
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...
Canadian banks top profit estimates as lower provisions outweigh FX hit
By Nichola Saminather, Noor Zainab Hussain and Niket Nishant
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...
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.
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...
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.
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.
CIBC planning layoffs to cut costs
Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed.