CM - Canadian Imperial Bank of Commerce

NYSE - NYSE Delayed Price. Currency in USD
80.10
-0.11 (-0.14%)
At close: 4:02PM EST
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Previous Close80.21
Open79.57
Bid0.00 x 900
Ask0.00 x 1000
Day's Range79.55 - 80.58
52 Week Range78.80 - 100.01
Volume529,814
Avg. Volume447,296
Market Cap35.501B
Beta (3Y Monthly)1.20
PE Ratio (TTM)9.15
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield4.09 (5.06%)
Ex-Dividend Date2018-12-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Moody's4 days ago

    SOUND Trust -- Moody's Canadian ABCP activity ended December 7, 2018

    Moody's has reviewed the following ABCP programs in conjunction with the proposed additions and amendments. At this time the additions and amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.

  • Canadian Imperial (CM) Q4 Earnings Increase, Stock Down 3.4%
    Zacks15 days ago

    Canadian Imperial (CM) Q4 Earnings Increase, Stock Down 3.4%

    Canadian Imperial's (CM) fourth-quarter fiscal 2018 results reflect an improvement in revenues and a strong balance sheet. However, dismal fiscal 2019 earnings outlook hurts investors' sentiments.

  • Reuters16 days ago

    Economic, trade uncertainty clouds outlook for Canadian banks

    Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, two of Canada's biggest lenders, said on Wednesday that global economic uncertainty and trade tensions could hurt their performances next year. Executives at the banks, which also have large businesses in the United States, were speaking after CIBC reported fourth-quarter earnings that missed market forecasts for the first time in four years while TD marginally beat analysts forecasts. Shares in CIBC were down 3.7 percent in mid-afternoon trading with TD shares down 0.7 percent.

  • Canadian Imperial Bank (CM) Q4 Earnings Top Estimates
    Zacks16 days ago

    Canadian Imperial Bank (CM) Q4 Earnings Top Estimates

    Canadian Imperial Bank (CM) delivered earnings and revenue surprises of 1.32% and -1.32%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters16 days ago

    Canada's CIBC posts 8 percent rise in quarterly earnings

    Canadian Imperial Bank of Commerce on Thursday reported an 8 percent increase in fourth-quarter earnings, helped by growth at its retail banking and wealth management divisions. Canada's fifth biggest ...

  • Bloomberg17 days ago

    CIBC's U.S. Foray Cuts Domestic Reliance Even as Earnings Miss

    The U.S. unit contributed C$131 million ($98.6 million) to earnings, up from C$107 million a year ago, when it acquired Chicago-based PrivateBank in its largest takeover ever. Key InsightsChief Executive Officer Victor Dodig had big plans after closing the $5 billion takeover of PrivateBank last year, setting a goal of getting 17 percent of earnings from U.S. businesses, including capital markets, by 2020.Canada’s fifth-largest lender by assets gets a greater share of earnings from domestic banking than any of its larger peers, which has led to investor criticism that it’s too focused on its home country.

  • Canadian Imperial Bank (CM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
    Zacks23 days ago

    Canadian Imperial Bank (CM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

    Canadian Imperial Bank (CM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Can Canadian Imperial Bank (CM) Keep the Earnings Surprise Streak Alive?
    Zacks23 days ago

    Can Canadian Imperial Bank (CM) Keep the Earnings Surprise Streak Alive?

    Canadian Imperial Bank (CM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds
    Bitcoin Magazinelast month

    Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

    The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was along with millions that were deposited by the exchange’s various clients, so it froze them indefinitely.This has prompted legal action on behalf of QuadrigaCX which has been trying to reclaim the money that they claimed entitlement to.With such large sums in limbo, many of this exchange’s customers have been unable to access their money at all, leaving the company’s day-to-day ability to function in jeopardy. Emails sent from representatives of QuadrigaCX to CIBC were submitted as evidence to the court, including concerns that the exchange was “under extreme pressure from many clients to address this ASAP” and that “lawsuits are being filed against us.”However, the court has evidently decided to take neither party’s side in this juncture. Judge Glenn Hainey has instead ruled that CIBC transfer custody and liability of these frozen assets to the courts themselves, so that they may more thoroughly inspect them to determine their specific ownership.Even a ruling in QuadrigaCX’s favor could still spell trouble for the exchange, however. According to the court documents, it was CIBC that originally made the application to make the court the final authority on these funds’ ownership, and the court specifically decided to grant CIBC’s request. The exchange may eventually see its funds returned, but Judge Hainey stated, “I am not in a position on this record to make any determination as to CIBC’s possible liability for [freezing the accounts].” Without some sort of damages paid to QuadrigaCX for the inconvenience of losing access to $26 million dollars, the lawsuits filed from the exchange’s depositors may prove a problem down the road. This article originally appeared on Bitcoin Magazine.

  • Moody'slast month

    SOUND Trust -- Moody's Canadian ABCP activity ended November 2, 2018

    Moody's has reviewed the following ABCP programs in conjunction with the proposed addition and amendments. At this time the addition and amendments, in and of themselves, will not result in any rating impact on the respective programs' ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.

  • 7 Canadian Stocks to Buy Now (And Only 2 Are Pot Stocks)
    InvestorPlacelast month

    7 Canadian Stocks to Buy Now (And Only 2 Are Pot Stocks)

    Before and after legalization, the buzz surrounding Canadian stocks to buy that are associated with the cannabis industry has been electric. American investors, for probably the first time in the history of Canada, are hot after the next great Canadian stock to buy. Now, as more of the Canadian cannabis companies get listed on U.S. exchanges, financial advisors on both sides of the border could soon be exhibiting symptoms of FOMO (fear of missing out).

  • Moody's2 months ago

    Canadian Imperial Bank of Commerce, Australia -- Moody's rates CIBC Australia Branch's junior senior unsecured MTN program (P)A2 and AUD200 million senior unsecured floating rate notes Aa2; outlook stable

    Moody's Investors Service ("Moody's") today assigned a (P)A2 long-term junior senior unsecured program rating and a (P)Prime-1 short-term program rating to Canadian Imperial Bank of Commerce (CIBC), Australia Branch's AUD5 billion medium-term note (MTN) program. In the same rating action, Moody's also assigned an Aa2 long-term senior unsecured rating with stable outlook to the AUD200 million senior unsecured floating rate notes, which the bank issued on September 19, 2018.

  • Moody's3 months ago

    Royal Trust Corporation of Canada -- Moody's takes actions on Canadian banks' ratings following resolution rules implementation date

    Moody's Investors Service ("Moody's") today took various rating actions related to the Implementation Date for the new Canadian bank resolution rules on September 23, 2018. Moody's affirmed the ...

  • Does Canadian Imperial Bank of Commerce (TSE:CM) Have A Place In Your Portfolio?
    Simply Wall St.3 months ago

    Does Canadian Imperial Bank of Commerce (TSE:CM) Have A Place In Your Portfolio?

    There is a lot to be liked about Canadian Imperial Bank of Commerce (TSE:CM) as an income stock. It has paid dividends over the past 10 years. The company currentlyRead More...

  • CIBC's Gender Bond Paves Way for More Socially Responsible Debt
    Bloomberg3 months ago

    CIBC's Gender Bond Paves Way for More Socially Responsible Debt

    Canadian Imperial Bank of Commerce broke ground with that nation’s first bond sale that will advance gender diversity in the corporate world. The bank on Wednesday sold C$1 billion ($769 million) of three-year deposit notes, which will support lending to companies committed to promoting women to executive positions. “The framework we have created could work for any issuer, any bank, and by no means will we keep that quiet,” Susan Rimmer, a managing director and head of global corporate banking for CIBC Capital Markets, said in an interview.

  • CIBC's Goal Is to Grow Its Wealth Management Business, CEO Says
    Bloomberg3 months ago

    CIBC's Goal Is to Grow Its Wealth Management Business, CEO Says

    Victor Dodig, Canadian Imperial Bank of Commerce chief executive officer, discusses the bank's U.S. expansion plans and financial regulation with Bloomberg's Amanda Lang on "Bloomberg Markets." ...

  • Morningstar3 months ago

    Canadian Banks' Third Quarter Good Overall

    The big six Canadian banks-- Bank of Montreal BMO ,  Bank of Nova Scotia BNS ,  Canadian Imperial Bank of Commerce CM ,  National Bank of Canada NA ,  Royal Bank of Canada RY , and  Toronto-Dominion Bank TD --reported third-quarter results that were, on the whole, good once again. Since the second half of 2017, we have expected Scotiabank to underperform, which has happened. Bank of Montreal made a comeback during the quarter as its one-time charges rolled off, the Canadian banking unit consistently increases revenue while containing expenses, and the U.S. banking unit continues to see outsize commercial loan growth.

  • Reuters4 months ago

    Canada's CIBC under pressure to diversify as mortgage rules bite

    Canadian Imperial Bank of Commerce saw a bigger impact than rivals from tougher new mortgage lending rules, third-quarter results from the country's biggest banks showed, increasing pressure on CIBC to ramp up U.S. expansion. New mortgage sales by Canada's fifth-biggest bank fell by over 40 percent during the three months to July 31, not as bad as it had warned in May but around double the decline seen by other lenders. Of Canada's biggest banks, CIBC relies most on domestic mortgage lending at a time the overall market is slowing due to new regulations and measures designed to cool housing markets in Toronto and Vancouver.

  • Investopedia4 months ago

    This Week Is the 7th-Inning Stretch

    The Baseball Almanac calls the seventh-inning stretch, "Perhaps the most mundane, yet physically rewarding moment of every baseball game.” Over time, I’ve learned to respect this time of the stock market calendar year in a similar manner.

  • Canadian Imperial (CM) Q3 Earnings Rise on Higher Revenues
    Zacks4 months ago

    Canadian Imperial (CM) Q3 Earnings Rise on Higher Revenues

    Canadian Imperial's (CM) third-quarter fiscal 2018 results reflect improvement in revenues and a strong balance sheet.

  • Canadian Imperial Bank of Commerce (CM) Q3 2018 Earnings Conference Call Transcript
    Motley Fool4 months ago

    Canadian Imperial Bank of Commerce (CM) Q3 2018 Earnings Conference Call Transcript

    CM earnings call for the period ending July 31, 2018.

  • Reuters4 months ago

    CIBC says mortgage sales down less than expected

    Canadian Imperial Bank of Commerce said an anticipated drop in its mortgage sales had not been as bad as it had feared after reporting third-quarter results that beat market expectations. Canada's fifth-biggest lender forecast in May that new mortgage sales would fall by 50 percent in the second half of the year due to stricter lending rules introduced by the country's banking regulator. "Three months later we are now seeing some positive signs that suggest better growth in our portfolio than we had seen over the past six months," the bank's Canadian retail banking head, Christina Kramer, told analysts on a conference call.

  • Is Canadian Imperial Bank of Commerce’s (TSE:CM) ROE Of 14.63% Sustainable?
    Simply Wall St.4 months ago

    Is Canadian Imperial Bank of Commerce’s (TSE:CM) ROE Of 14.63% Sustainable?

    This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examplesRead More...

  • CIBC is positive on the US dollar in the short term
    CNBC Videos3 days ago

    CIBC is positive on the US dollar in the short term

    Patrick Bennett of CIBC says the U.S. dollar will come under pressure in the longer term because America's fiscal deficit will start to weigh on the currency. The impulse from the tax cuts and fiscal spending will also wane, he says.