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

Company Overview

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; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$88.54 to C$90.12
• 50-Day Range: C$78.46 to C$89.89
• 52-Week Range: C$51.60 to C$90.57
• Volume: 3.41 million shs
• Average Volume: 3.71 million shs
• Market Capitalization: C$84.57 billion
• P/E Ratio: 12.95
• Dividend Yield: 4.02%
• Price Target: C$79.69
• Consensus Rating: Moderate Buy

Canadian Imperial Bank of Commerce Stock Analysis - MarketRank™

Canadian Imperial Bank of Commerce scored higher than 50% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Canadian Imperial Bank of Commerce has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Canadian Imperial Bank of Commerce has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Imperial Bank of Commerce is 12.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Imperial Bank of Commerce is 12.95, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 417.91.

Price to Earnings Growth Ratio

Canadian Imperial Bank of Commerce has a PEG Ratio of 3.03. 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 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CM.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Canadian Imperial Bank of Commerce is a leading dividend payer. It pays a dividend yield of 4.25%, 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 52.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CM.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.47

News Sentiment

Canadian Imperial Bank of Commerce has a news sentiment score of 0.47. 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 lower news sentiment than the 0.68 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Canadian Imperial Bank of Commerce this week, compared to 3 articles on an average week.

Search Interest

23 people have searched for CM on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Canadian Imperial Bank of Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Canadian Imperial Bank of Commerce insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$16,823,249.00 in company stock.

Percentage Held by Insiders

Only 0.02% of the stock of Canadian Imperial Bank of Commerce is held by insiders.

Percentage Held by Institutions

55.98% 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.

CM Stock Analysis - Frequently Asked Questions

How have CM shares performed this year?

Canadian Imperial Bank of Commerce's stock was trading at C$63.80 at the start of the year. Since then, CM shares have increased by 40.3% and is now trading at C$89.50.
View the best growth stocks for 2024 here.

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

Canadian Imperial Bank of Commerce (TSE:CM) released its quarterly earnings data on Thursday, August, 29th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.75 by $0.18. The firm earned $6.60 billion during the quarter, compared to the consensus estimate of $6.31 billion. Canadian Imperial Bank of Commerce had a net margin of 29.56% and a trailing twelve-month return on equity of 12.37%.

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

Shares of CM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Canadian Imperial Bank of Commerce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian Imperial Bank of Commerce investors own include Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Enbridge (ENB), Bank of Montreal (BMO), BCE (BCE) and Intact Financial (IFC).

Company Calendar

• Last Earnings: 8/29/2024
• Ex-Dividend for 10/28 Dividend: 9/27/2024
• Dividend Payable: 10/28/2024
• Today: 11/17/2024
• Next Earnings (Confirmed): 12/05/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Diversified
• Sub-Industry: N/A
• Current Symbol: TSE:CM
• CUSIP: N/A
• CIK: N/A
• Web: www.cibc.com
• Phone: +1-416-9802211
• Fax: N/A
• Employees: 48,552
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$79.69
• High Stock Price Target: C$98.00
• Low Stock Price Target: C$56.00
• Potential Upside/Downside: -11.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$6.91
• Trailing P/E Ratio: 12.95
• Forward P/E Ratio: 13.96
• P/E Growth: 3.03
• Net Income: C$6.46 billion
• Net Margins: 29.56%
• Pretax Margin: N/A
• Return on Equity: 12.37%
• Return on Assets: 0.69%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$22.70 billion
• Price / Sales: 3.73
• Cash Flow: C$407.00 per share
• Price / Cash Flow: 0.22
• Book Value: C$58.37 per share
• Price / Book: 1.53

Miscellaneous

• Outstanding Shares: 944,970,000
• Free Float: N/A
• Market Cap: C$84.57 billion
• Optionable: Not Optionable
• Beta: 1.12