Canadian Imperial Bank of Commerce
CM

$61.24

1.56%

Market Cap: $57.9B

About: Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

Employees: 48,074

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3.31% more ownership

Funds ownership: 45.8% [Q1] → 49.12% (+3.31%) [Q2]

1% more capital invested

Capital invested by funds: $21.9B [Q1] → $22.1B (+$281M) [Q2]

3% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 142

6% less call options, than puts

Call options by funds: $446M | Put options by funds: $474M

2% less funds holding

Funds holding: 390 [Q1] → 383 (-7) [Q2]

11% less funds holding in top 10

Funds holding in top 10: 18 [Q1] → 16 (-2) [Q2]

15% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 48

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$81

32%

upside

Avg. target

$81

32%

upside

High target

$81

32%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

BMO Capital

Sohrab Movahedi

75% 1-year accuracy

6 / 8 met price target

32%upside

$81

Outperform

Maintained

30 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about CM published over the past 30 days

Zacks Investment Research

SVNLY or CM: Which Is the Better Value Stock Right Now?

Investors with an interest in Banks - Foreign stocks have likely encountered both Svenska Handelsbanken Ab Publ (SVNLY) and Canadian Imperial Bank (CM). But which of these two companies is the best option for those looking for undervalued stocks?

SVNLY or CM: Which Is the Better Value Stock Right Now?

Zacks Investment Research

3 Reasons Why Canadian Imperial Bank (CM) Is a Great Growth Stock

Canadian Imperial Bank (CM) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Canadian Imperial Bank (CM) Is a Great Growth Stock

Zacks Investment Research

Canadian Imperial Bank of Commerce (CM) Hits Fresh High: Is There Still Room to Run?

Canadian Imperial Bank (CM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Canadian Imperial Bank of Commerce (CM) Hits Fresh High: Is There Still Room to Run?

Zacks Investment Research

Canadian Imperial Bank (CM) Is Up 7.39% in One Week: What You Should Know

Does Canadian Imperial Bank (CM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Canadian Imperial Bank (CM) Is Up 7.39% in One Week: What You Should Know

Zacks Investment Research

Canadian Imperial Stock Up 5.5% as Lower Provisions Aid Q3 Earnings

A fall in provisions, a rise in loan balance and higher revenues support CM's fiscal Q3 earnings, while an increase in expenses acts as a headwind.

Canadian Imperial Stock Up 5.5% as Lower Provisions Aid Q3 Earnings

Canadian Imperial Bank of Commerce: Earnings Buoyed By Robust Revenue And Lower Provisions

Concerns around expenses and asset quality notwithstanding, CIBC has been one of the better-performing 'Big Six' Canadian banks this year. Fiscal Q3 results were solid. While earnings were boosted by lower levels of provisioning, there was a strong contribution from pre-provision income too. CIBC offers investors a 4.7% dividend yield. Between its current payout ratio, growth prospects, and ROE, it should be able to deliver enough supplemental growth to make that work.

Canadian Imperial Bank of Commerce: Earnings Buoyed By Robust Revenue And Lower Provisions

Proactive Investors

CIBC outperforms Q3 earnings forecasts on higher revenue, lower credit loss provisions

Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) shares added more than 5% after the bank's fiscal third quarter earnings topped estimates on higher revenues and lower provisions for credit losses. Revenue was $6.6 billion, ahead of the $6.27 billion expected as earnings per share of $1.93 topped estimates of $1.74.

CIBC outperforms Q3 earnings forecasts on higher revenue, lower credit loss provisions

Canadian Imperial Bank of Commerce (CM) Q3 2024 Earnings Call Transcript

Canadian Imperial Bank of Commerce (NYSE:CM ) Q3 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Geoff Weiss - Senior Vice President, Investor Relations Victor Dodig - President and Chief Executive Officer Robert Sedran - Senior Executive Vice-President and Chief Financial Officer Frank Guse - Chief Risk Officer Hratch Panossian - Senior Executive Vice-President and Head of Personal and Business Banking, Canada Jon Hountalas - Senior Executive Vice President & Group Head, Canadian Banking Shawn Beber - Senior Executive Vice-President & Group Head, U.S. Region; President & CEO, CIBC Bank USA Conference Call Participants Ebrahim Poonawala - Bank of America Matthew Lee - Canaccord Genuity Gabriel Dechaine - National Bank Financial Meny Grauman - Scotiabank Doug Young - Desjardin Capital Markets Mario Mendonca - TD Securities John Aiken - Jefferies Nigel D'Souza - Veritas Investment Research Darko Mihelic - RBC Capital Markets Sorab Movahedi - BMO Capital Markets Lemar Persaud - Cormark Securities Operator Good morning and welcome to the CIBC Quarterly Financial Results Call. Please be advised that this call is being recorded.

Canadian Imperial Bank of Commerce (CM) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Canadian Imperial Bank (CM) Q3 Earnings and Revenues Surpass Estimates

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.14 per share a year ago.

Canadian Imperial Bank (CM) Q3 Earnings and Revenues Surpass Estimates

Zacks Investment Research

SVNLY or CM: Which Is the Better Value Stock Right Now?

Investors looking for stocks in the Banks - Foreign sector might want to consider either Svenska Handelsbanken Ab Publ (SVNLY) or Canadian Imperial Bank (CM). But which of these two stocks offers value investors a better bang for their buck right now?

SVNLY or CM: Which Is the Better Value Stock Right Now?

See News Rankings