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Canadian Imperial Bank of Commerce (CM)

NYSE - NYSE Delayed price. Currency in USD
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93.60-0.70 (-0.74%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous close94.30
Open95.00
Bid0.00 x 900
Ask0.00 x 800
Day's range92.91 - 95.59
52-week range46.45 - 95.59
Volume579,944
Avg. volume328,996
Market cap41.515B
Beta (5Y monthly)0.99
PE ratio (TTM)10.69
EPS (TTM)8.76
Earnings dateN/A
Forward dividend & yield4.56 (4.83%)
Ex-dividend date28 Dec 2020
1y target est98.97
  • CIBC (CM) Q1 2021 Earnings Call Transcript
    Motley Fool

    CIBC (CM) Q1 2021 Earnings Call Transcript

    Following Victor, Hratch Panossian, our Chief Financial Officer, will review our operating results. When we get to the Q&A to ensure we allow enough time for everyone to participate, I ask that you please limit your questions and requeue.

  • Bloomberg

    CIBC Tops Estimates as Domestic Banking Helped by Lower Reserves

    (Bloomberg) -- Canadian Imperial Bank of Commerce posted fiscal first-quarter profit that topped analysts’ estimates as its domestic retail-banking unit continued to rebound.Canada’s fifth-largest lender by assets said profit in its Canadian personal and business banking unit rose 13% to C$652 million ($522 million) in the three months through January. The gain was driven by lower provisions for loan losses.Key InsightsCIBC’s earnings got a lift from a decline in set-asides for potentially souring loans. The bank reported C$147 million in provisions for credit losses last quarter, compared with C$291 million in the fourth quarter.Because of its heavy domestic focus, CIBC’s residential-mortgage business has been a particular focus for investors. The bank’s mortgage portfolio increased 2.5% from the fourth quarter, reaching C$226.6 billion. That compares with a 2.2% quarter-over-quarter gain in the previous three months.CIBC’s capital-markets division has benefited from strong trading activity and demand for underwriting services. Profit in the unit rose 30% to C$493 million in the first quarter as a result of higher revenue from fixed-income, equities and currencies trading.Market ReactionCIBC shares have gained 8.4% this year, compared with a 9.4% advance for the S&P/TSX Commercial Banks Index.Get MoreNet income rose 34% to C$1.63 billion, or C$3.55 a share. Excluding some items, profit was C$3.58 a share. Analysts estimated C$2.81, on average.Click here for more on CIBC’s first-quarter results.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 becomes the First Canadian Bank to join RMI's Center for Climate-Aligned Finance
    PR Newswire

    CIBC becomes the First Canadian Bank to join RMI's Center for Climate-Aligned Finance

    CIBC (TSX: CM) NYSE: CM) today announced it has joined RMI's Center for Climate-Aligned Finance (the Center) as a Strategic Partner and the first Canadian bank to announce its partnership in the Center's efforts to develop the agreements and tools necessary to align financial decision-making with the long-term decarbonization of the real economy.