Stock of the Day

Canadian Imperial Bank of Commerce (CM)

$68.91

+$0.20 (+0.3%)

Market Cap: $64.81B

About Canadian Imperial Bank of Commerce

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. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Canadian Imperial Bank of Commerce Bull Case

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

• The current stock price is around $67.97, which may present a buying opportunity for investors looking for value.
• The company has a consensus rating of "Moderate Buy" from analysts, indicating positive sentiment and potential for growth.
• Recent earnings reports showed a revenue increase of 13.9% year-over-year, suggesting strong financial performance and growth potential.
• Canadian Imperial Bank of Commerce has a relatively low debt-to-equity ratio, indicating a strong balance sheet and lower financial risk.
• The recent increase in the quarterly dividend to $0.7024 per share reflects the company's commitment to returning value to shareholders.

Canadian Imperial Bank of Commerce Bear Case

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

• The stock has experienced fluctuations, with a twelve-month high of $69.80 and a low of $46.99, indicating potential volatility.
• Analysts have mixed ratings, with some downgrading the stock from "outperform" to "sector perform," suggesting caution among some investors.
• The company's earnings per share have decreased compared to the previous year, which may raise concerns about future profitability.
• The current dividend payout ratio is around 48%, which, while sustainable, may limit future dividend increases if earnings do not grow.
• Market conditions and economic factors could impact the financial sector, potentially affecting Canadian Imperial Bank of Commerce's performance.

Recent News

• Canadian Bank of Commerce (CM) Gets a Buy from Bank of America Securities (theglobeandmail.com)