Canadian Imperial Bank of Commerce (TSX:CM.PRQ) - Stock Price, News & Analysis

CM.PRQ Stock Overview

CM.PRQ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 44.3% below our estimate of its fair value

Earnings are forecast to grow 3.47% per year

Earnings grew by 31.6% over the past year

Pays a reliable dividend of 5.56%

Risk Analysis

Shareholders have been diluted in the past year

Canadian Imperial Bank of Commerce Competitors

Bank of Nova Scotia

TSX:BNS

CA$77.2b

Bank of Montreal

TSX:BMO

CA$92.4b

National Bank of Canada

TSX:NA

CA$38.1b

Toronto-Dominion Bank

TSX:TD

CA$142.4b

Price History & Performance

Summary of all time highs, changes and price drops for Canadian Imperial Bank of Commerce
Historical stock prices
Current Share Price	CA$23.50
52 Week High	CA$23.56
52 Week Low	CA$16.56
Beta	1.1
1 Month Change	1.64%
3 Month Change	20.08%
1 Year Change	30.34%
3 Year Change	-2.00%
5 Year Change	16.92%
Change since IPO	-5.05%

Recent updates

Shareholder Returns

	CM.PRQ	CA Banks	CA Market
7D	0.8%	0.6%	0.7%
1Y	30.3%	1.4%	4.9%

Return vs Industry: CM.PRQ exceeded the Canadian Banks industry which returned 2.7% over the past year.

Return vs Market: CM.PRQ exceeded the Canadian Market which returned 5.5% over the past year.

Price Volatility

Is CM.PRQ's price volatile compared to industry and market?
CM.PRQ volatility
CM.PRQ Average Weekly Movement	2.3%
Banks Industry Average Movement	2.2%
Market Average Movement	9.0%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: CM.PRQ has not had significant price volatility in the past 3 months.

Volatility Over Time: CM.PRQ's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1867	48,047	Victor Dodig	www.cibc.com

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.

Canadian Imperial Bank of Commerce Fundamentals Summary

How do Canadian Imperial Bank of Commerce's earnings and revenue compare to its market cap?
CM.PRQ fundamental statistics
Market cap	CA$61.11b
Earnings (TTM)	CA$6.03b
Revenue (TTM)	CA$21.32b

10.1x

P/E Ratio

1.2x

P/B Ratio

Is CM.PRQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CM.PRQ income statement (TTM)
Revenue	CA$21.32b
Cost of Revenue	CA$0
Gross Profit	CA$21.32b
Other Expenses	CA$15.29b
Earnings	CA$6.03b

Last Reported Earnings

Jan 31, 2024

Next Earnings Date

May 30, 2024

Earnings per share (EPS)	6.42
Gross Margin	100.00%
Net Profit Margin	28.27%
Debt/Equity Ratio	411.2%

How did CM.PRQ perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

53%

Payout Ratio

CM.PRQ Stock Overview

Rewards

Risk Analysis

Canadian Imperial Bank of Commerce Competitors

TSX:BNS

CA$77.2b

TSX:BMO

CA$92.4b

TSX:NA

CA$38.1b

TSX:TD

CA$142.4b

Price History & Performance

Recent News & Updates

Canadian Imperial Bank of Commerce announced a financing transaction

Canadian Imperial Bank of Commerce announced a financing transaction

CIBC Unpaid Overtime Class Action Settles for $153 Million

CIBC Announces Chief Financial Officer Changes, Effective April 1, 2024

Canadian Imperial Bank of Commerce Declares Dividend for the Quarter Ending April 30, 2024, Payable on April 29, 2024

CIBC Trust Corporation and Canadian Imperial Bank of Commerce Announces CIBC Mutual Funds Class Action Regarding Trailing Commissions Paid to Discount Brokers

Recent updates

Canadian Imperial Bank of Commerce announced a financing transaction

Canadian Imperial Bank of Commerce announced a financing transaction

CIBC Unpaid Overtime Class Action Settles for $153 Million

CIBC Announces Chief Financial Officer Changes, Effective April 1, 2024

Canadian Imperial Bank of Commerce Declares Dividend for the Quarter Ending April 30, 2024, Payable on April 29, 2024

CIBC Trust Corporation and Canadian Imperial Bank of Commerce Announces CIBC Mutual Funds Class Action Regarding Trailing Commissions Paid to Discount Brokers

Highcrest Capital LLC, Canadian Imperial Bank of Commerce (TSX:CM), AshMark Inc., Andy Le , John Konop and management of Groupe Gregor Inc. acquired Groupe Gregor Inc.

CIBC Introduces Additional Canadian Depositary Receipts

Canadian Imperial Bank of Commerce to Report Q4, 2024 Results on Dec 05, 2024

Cibc Declares Dividend for the Quarter Ending January 31, 2024, Payable on January 29, 2024

Canadian Imperial Bank of Commerce Appoints Mark Podlasly in Board of Directors, Effective from November 1, 2023

CIBC Declares Dividend for the Quarter Ending October 31, 2023, Payable on October 27, 2023

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2024

CIBC Announces Settlement Agreement with Cerberus Capital Management LP

Canadian Imperial Bank of Commerce to Report Q1, 2023 Results on Feb 24, 2023

Canadian Imperial Bank of Commerce Announces Senior Executive Appointments

CIBC Declares Dividend on Common Shares for the Quarter Ending October 31, 2022, Payable on October 28, 2022

CIBC Innovation Banking Announces Executive Changes

CIBC Innovation Banking Announces Management Changes

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2023

CIBC Introduces New Recurring and Future-Dated Interac E-Transfer Payments

CIBC Innovation Banking Announces John Flemming as Managing Director

CIBC Elects Ammar Aljoundi as a New Member of CIBC's Board of Directors

CIBC Declares Dividend for the Quarter Ending April 30, 2022, Payable on April 28, 2022

Ontario Court of Appeal Dismisses Canadian Imperial Bank of Commerce Appeal in Landmark Overtime Suit

New CIBC Costco Mastercard to Feature Upgrades to Reward Categories and Enhanced Cash Back on Everyday Purchases

CIBC Declares Dividends for the Quarter Ending July 31, 2021, Payable on July 28, 2021

CanDeal.ca Inc. acquired Fixed Income Data Business of Canadian Imperial Bank of Commerce (TSX:CM).

Canadian Imperial Bank of Commerce Announces the Names of the Retiring Directors

Larry Richman Retires from CIBC Bancorp USA and CIBC, Effective March 31, 2021

CIBC Now Accepting Applications for the Highly Affected Sectors Credit Availability Program

Canadian Imperial Bank of Commerce Announces New Payment Option for CIBC Global Money Transfers

CIBC Announces Chairman and Board Changes

CIBC Launches Enhanced Suite of Aeroplan Visa Credit Cards to Help Canadians Realize Their Travel Ambitions

CIBC Launches New Platform to Help Clients Build Their Financial Plans with Ease

Tej Sahi Joins CIBC Innovation Banking as Managing Director and to be based in its Innovation Banking office in New York, NY

Thomas H. Lee Partners, CIVC Partners, Providence Equity Partners, and TransWestern’s management completed the acquisition of TransWestern Publishing Company LLC for $900 million.

GNB Financial Group Limited reached an agreement to acquire 66.73% stake in FirstCaribbean International Bank Limited (TTSE:FCI) from Canadian Imperial Bank of Commerce (TSX:CM) for approximately $800 million.

Canadian Imperial Bank of Commerce announced that it expects to receive CAD 750 million in funding

Lucidity Lights, Inc. acquired Select Strategic Assets of Evolution Lighting from Canadian Imperial Bank of Commerce (TSX:CM).

Shareholder Returns

Price Volatility

About the Company

Canadian Imperial Bank of Commerce Fundamentals Summary

10.1x

1.2x

Earnings & Revenue

Dividends

5.6%

53%