Last $75.14 USD
Change Today -0.83 / -1.09%
Volume 176.1K
CM On Other Exchanges
Symbol
Exchange
Frankfurt
As of 1:28 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

can imperial bk of commerce (CM) Snapshot

Open
$75.60
Previous Close
$75.97
Day High
$75.69
Day Low
$75.03
52 Week High
09/4/14 - $97.97
52 Week Low
01/30/15 - $69.16
Market Cap
29.8B
Average Volume 10 Days
418.6K
EPS TTM
$7.44
Shares Outstanding
397.2M
EX-Date
03/25/15
P/E TM
12.6x
Dividend
$4.26
Dividend Yield
4.79%
Current Stock Chart for CAN IMPERIAL BK OF COMMERCE (CM)

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can imperial bk of commerce (CM) Details

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individuals and small businesses, and commercial, corporate, and institutional clients in Canada and internationally. It operates through three business units: Retail and Business Banking, Wealth Management, and Wholesale Banking. The Retail and Business Banking business unit offers financial advice, banking, investment, and insurance products and services through approximately 1,100 branches, as well as through advisors, ABMs, mobile sales force, telephone banking, and online and mobile banking. The Wealth Management business unit provides asset management, retail brokerage, and private wealth management services to institutional, retail, and high net worth clients through advisors. The Wholesale Banking business unit offers various credit and capital market products, investment banking advisory services, and research products and services to government, institutional, corporate, and retail clients. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

43,883 Employees
Last Reported Date: 02/26/15
Founded in 1867

can imperial bk of commerce (CM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$750.0K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: C$637.5K
Group Head of Retail & Business Banking and S...
Total Annual Compensation: C$750.0K
Compensation as of Fiscal Year 2013.

can imperial bk of commerce (CM) Key Developments

Canadian Imperial Bank of Commerce Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015

Canadian Imperial Bank of Commerce announced unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the quarter, the company reported net income of CAD 923 million, compared with CAD 1,177 million for the first quarter a year ago, and CAD 811 million for the prior quarter. Adjusted net income was CAD 956 million, compared with CAD 951 million for the first quarter a year ago, and CAD 911 million for the prior quarter. Reported diluted earnings per share was CAD 2.28, compared with CAD 2.88 for the first quarter a year ago, and CAD 1.98 for the prior quarter. Adjusted diluted EPS was CAD 2.36, compared with CAD 2.31 for the first quarter a year ago, and CAD 2.24 for the prior quarter. Reported return on common shareholders’ equity was 19.9% and adjusted ROE was 20.6%. Net interest income was CAD 1,956 million compared to CAD 1,905 million a year ago. Total revenue was CAD 3,459 million compared to CAD 3,631 million a year ago. Net income attributable to equity shareholders was CAD 920 million compared to CAD 1,174 million a year ago. Return on average assets was 0.84% compared to 1.14% a year ago. Adjusted total revenue was CAD 3,552 million compared to CAD 3,388 million a year ago. Adjusted net income attributable to common shareholders was CAD 940 million compared to CAD 923 million a year ago. Adjusted income before income taxes was CAD 1,116 million compared to CAD 1,139 million a year ago. Income before income taxes was CAD 1,077 million compared to CAD 1,437 million a year ago. Cash flows provided by operating activities was CAD 2,683 million compared to cash flows used in operating activities of CAD 5,196 million a year ago. Net purchase of land, buildings and equipment was CAD 64 million compared to CAD 85 million a year ago.

CIBC Declares Dividends on Common Shares and Preferred Shares for the Quarter Ending April 30, 2015, Payable on April 28, 2015

CIBC announced that its board of directors declared a dividend of $1.06 per share on common shares for the quarter ending April 30, 2015 payable on April 28, 2015 to shareholders of record at the close of business on March 27, 2015. The board of directors also declared dividend on Class A Preferred Shares: For the quarter ending April 30, 2015 payable on April 28, 2015 to shareholders of record at the close of business on March 27, 2015: Series 29 - $0.337500; Series 39 - $0.243750; and Series 41 - $0.351560.

Canadian Imperial Bank of Commerce Seeks Acquisitions

Canadian Imperial Bank of Commerce says it continues to look for an acquisition in the United States. “While we have been actively assessing opportunities, we have not identified anything that meets our acquisition criteria,” said Victor Dodig, Canadian Imperial Bank of Commerce's President and Chief Executive Officer.

 

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Industry Analysis

CM

Industry Average

Valuation CM Industry Range
Price/Earnings 13.3x
Price/Sales 3.1x
Price/Book 2.1x
Price/Cash Flow 12.9x
TEV/Sales NM Not Meaningful
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