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Canadian Imperial Bank of Commerce (CM)

NYSE - NYSE Delayed Price. Currency in USD
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99.77+0.69 (+0.70%)
At close: 4:00PM EDT

99.77 0.00 (0.00%)
After hours: 5:14PM EDT

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Engulfing Line (Bearish)

Previous Close99.08
Open99.30
Bid99.81 x 900
Ask99.87 x 1000
Day's Range99.30 - 99.90
52 Week Range54.91 - 102.20
Volume433,451
Avg. Volume555,629
Market Cap44.716B
Beta (5Y Monthly)1.00
PE Ratio (TTM)13.66
EPS (TTM)7.30
Earnings DateMay 26, 2021 - May 31, 2021
Forward Dividend & Yield4.64 (4.68%)
Ex-Dividend DateMar 26, 2021
1y Target Est98.97
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • CIBC to Issue NVCC Subordinated Debentures
    CNW Group

    CIBC to Issue NVCC Subordinated Debentures

    CIBC (TSX: CM) (NYSE: CM) today announced a domestic public offering of $1.0 billion of 1.96% Debentures due April 21, 2031 (Non-Viability Contingent Capital (NVCC)) (subordinated indebtedness). The Debentures will be issued in Canada and sold through a dealer syndicate led by CIBC Capital Markets.

  • Canada’s Recovery Accelerates With Another Blowout Jobs Gain
    Bloomberg

    Canada’s Recovery Accelerates With Another Blowout Jobs Gain

    (Bloomberg) -- Canada’s jobs market blew past expectations for a second straight month, one more sign the nation’s economy is on the cusp of fully recovering from the pandemic.The economy added 303,100 jobs in March, Statistics Canada reported Friday in Ottawa. That’s triple what economists were anticipating, and follows a gain of 259,200 in February. The two-month jump was led by a rebound in a retail sector hit hardest by closures over the winter. The country has now recovered all but 296,000 of the nearly 3 million jobs lost during the first wave of the pandemic.For months, the data have shown an economy gaining strength, surprising even the most optimistic analysts. That resilience is fueling expectations for a strong rebound in 2021 after the economy suffered its sharpest downturn in the post-World War II era. It also potentially undermines the case for continued stimulus from Prime Minister Justin Trudeau’s government and the Bank of Canada.“I think the main message is clearly the economy can recover quickly and jobs can recovery quickly when things do open up again,” Doug Porter, chief economist at Bank of Montreal, said by phone.The unemployment rate fell to 7.5%, the lowest since the pandemic hit, from 8.2% in February. Economists had forecast a gain of 100,000 jobs in March, and an unemployment rate of 8%.The yield on benchmark 10-year Canada government debt was up to 1.513% as of 10:22 p.m. in Toronto, from 1.46% yesterday. The Canadian dollar pared some of its earlier losses, and was trading little changed at C$1.2557 per U.S. dollar.The back-to-back monthly job gains follow stronger-than-expected output data this year that show Canada averted the stall most economists had been anticipating over the winter.The upbeat numbers are also easing worries about widespread scarring in the labor market, and will only reinforce calls for less stimulus just as Trudeau prepares the release of his first full budget in two years on April 19. Finance Minister Chrystia Freeland has already promised an additional dose of spending, worth as much as C$100 billion ($79.7 billion) over three years.The Bank of Canada is expected to start tightening its ultra-easy monetary policy as early as its next policy decision on April 21. The central bank has pledged not to raise record low interest rates before damage to the economy is fully repaired, particularly in the labor market. But the bounce-bank is catching officials there by surprise as well.It took Canada 29 months to recover hours worked lost during the global financial crisis of 2008-2009. But they’re now just 1.2% from their February 2020 peak, effectively halving the recovery time.“While some industries such as travel could continue to face challenges for longer, we see potential for a sustained reopening in the summer to lead aggregate employment levels to normalize before the end of the year,” Veronica Clark, an economist at Citigroup Global Markets Inc., wrote in a report to investors.Most of the pick-up in hiring was in sectors that suffered lockdowns in December and January, and were allowed to reopen in February and March. Retail trade drove most of the gains, with employment rising by 95,000 as provinces eased restrictions.There are still plenty of worries. A fresh wave of lockdowns in April will reverse some of the gains in the retail sector. There are still concerns around an uneven recovery with most of the job losses since last year concentrated in a few industries like accommodation and food. Young women, meanwhile, remain disproportionately impacted by the crisis.“Policy makers still need to tread carefully,” Royce Mendes, an economist at Canadian Imperial Bank of Commerce, said by email. “If this many jobs were added as a result of reopening, then there are more at risk from the recent closures than previously known.”(Updates with details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • CIBC Announces Election of Mary Lou Maher to CIBC's Board of Directors
    CNW Group

    CIBC Announces Election of Mary Lou Maher to CIBC's Board of Directors

    Katharine B. Stevenson, Chair of the Board CIBC (TSX: CM) (NYSE: CM), is pleased to announce that today Mary Lou Maher was elected by shareholders as a new member of CIBC's Board of Directors. Ms. Maher brings over 35 years of experience in finance, risk management, risk governance and human resources management.