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Last $71.94 USD
Change Today +0.73 / 1.03%
Volume 329.8K
CM On Other Exchanges
Symbol
Exchange
Toronto
As of 4:15 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

can imperial bk of commerce (CM) Snapshot

Open
$71.64
Previous Close
$71.21
Day High
$72.58
Day Low
$71.23
52 Week High
09/4/14 - $97.97
52 Week Low
08/24/15 - $62.42
Market Cap
28.6B
Average Volume 10 Days
631.2K
EPS TTM
$9.13
Shares Outstanding
397.3M
EX-Date
09/24/15
P/E TM
10.4x
Dividend
$4.46
Dividend Yield
4.89%
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.

44,385 Employees
Last Reported Date: 08/27/15
Founded in 1867

can imperial bk of commerce (CM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$781.3K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: C$712.5K
Chief Administrative Officer, Senior Executiv...
Total Annual Compensation: C$820.3K
Senior Executive Vice-President amd Group Hea...
Total Annual Compensation: C$750.0K
Senior Executive Vice-President, Group Co-Hea...
Total Annual Compensation: C$412.5K
Compensation as of Fiscal Year 2014.

can imperial bk of commerce (CM) Key Developments

CIBC Announces Organizational Changes

CIBC's President and CEO, Victor Dodig, announced changes to the bank's organizational structure that aligns to CIBC's focus on being a strong, innovative, relationship-oriented bank. Innovating for the future - Increasing the focus and investment in innovation to find new ways to add value and make banking easier and more flexible for the company's clients is a top priority for CIBC. While the company have many firsts and is seen as an innovation leader today, the industry is changing rapidly and is facing competition from both traditional and emerging players. David Williamson, Senior Executive Vice-President and Group Head, Retail and Business Banking, will lead this effort, taking on expanded responsibility for bank-wide innovation. Focusing on clients - Over the last year, CIBC has put significant focus on executing on a client-focused strategy and is committed to building on this momentum. Stephen Forbes, has been named Executive Vice-President and Chief Commercial Officer, and will take on expanded responsibility for the bank's goal of becoming the leader in client relationships by enhancing their experience and satisfaction at every interaction. In addition, Mr. Dodig also announced the following changes: Geoff Belsher, Group Co-Head of CIBC's Wholesale Banking business will be retiring from CIBC, effective September 30, 2015. Harry Culham, has been named Senior Executive Vice-President and Group Head, Wholesale Banking. Under his leadership, Wholesale Banking will continue to execute on its client-focused strategy. Laura Dottori-Attanasio, Senior Executive Vice-President and Chief Risk Officer, will take on expanded responsibility for Compliance and Anti-Money Laundering. Kevin Patterson, Senior Executive Vice-President, Technology and Operations, will take on expanded responsibility for Corporate Security. Jon Hountalas, Executive Vice-President, is taking on a new role overseeing CIBC's Business and Corporate Banking businesses, reporting directly to Victor Dodig, as well as having a dotted line reporting relationship to David Williamson and Harry Culham to ensure that Retail and Business Banking and Wholesale Banking financial results are achieved. He will join CIBC's Executive Committee. Christina Kramer, Executive Vice-President, Retail Distribution and Channel Strategy, has taken on added responsibility for the operations of President's Choice Financial. She will continue to report to David Williamson and will join CIBC's Executive Committee. Sandy Sharman, has been named Executive Vice-President and Chief Human Resources Officer, with responsibility for talent and people strategies. She continues to report to Mike Capatides and will join CIBC's Executive Committee. Steve Geist, Senior Executive Vice-President and Group Head, Wealth Management, and Kevin Glass,Senior Executive Vice-President and Chief Financial Officer, continue with their current responsibilities, reporting to Victor Dodig.

CIBC Declares Dividends on Common Shares and Class A Preferred Shares, for the Quarter Ending October 31, 2015 Payable on October 28, 2015

CIBC announced that its board of directors declared a dividend of $1.12 per share on common shares for the quarter ending October 31, 2015, an increase of three cents from the previous quarter. This dividend is payable on October 28, 2015 to shareholders of record at the close of business on September 28, 2015. The board of directors also declared class A preferred shares dividend of $0.243750 on Series 39, $0.234375 on Series 41 and $0.225000 on Series 43 for the quarter ending October 31, 2015 payable on October 28, 2015 to shareholders of record at the close of business on September 28, 2015.

Canadian Imperial Bank of Commerce Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015

Canadian Imperial Bank of Commerce reported consolidated earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, reported net income attributable to diluted common shareholders was CAD 962 million against CAD 899 million a year ago. Adjusted net income attributable to diluted common shareholders was CAD 974 million against CAD 886 million a year ago. Reported diluted EPS was CAD 2.42 against CAD 2.26 a year ago. Adjusted diluted EPS was CAD 2.45 against CAD 2.23 a year ago. Reported return on common shareholders’ equity was 20.4% against 21.0% a year ago. Adjusted return on common shareholders’ equity was 20.6% against 20.7% a year ago. Reported net income was CAD 978 million against CAD 921 million a year ago. Adjusted net income was CAD 990 million against CAD 908 million a year ago. For the nine months, reported net income attributable to diluted common shareholders was CAD 2,764 million against CAD 2,340 million a year ago. Adjusted net income attributable to diluted common shareholders was CAD 2,822 million against CAD 2,672 million a year ago. Reported diluted EPS was CAD 6.95 against CAD 5.87 a year ago. Adjusted diluted EPS was CAD 7.09 against CAD 6.70 a year ago. Reported return on common shareholders’ equity was 20.0% against 18.5% a year ago. Adjusted return on common shareholders’ equity was 20.5% against 21.1% a year ago. Reported net income was CAD 2,812 million against CAD 2,404 million a year ago. Adjusted net income was CAD 2,870 million against CAD 2,746 million a year ago.

 

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Industry Analysis

CM

Industry Average

Valuation CM Industry Range
Price/Earnings 10.4x
Price/Sales 2.9x
Price/Book 1.9x
Price/Cash Flow 10.3x
TEV/Sales NM Not Meaningful
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