Canadian Imperial Bank of Commerce (NYSE: CM) shares currently have a dividend yield of 4.70%. Canadian Imperial Bank of Commerce provides various financial products and services in Canada and internationally. It operates through three segments: Retail and Business Banking, Wealth Management, and Wholesale Banking. The company has a P/E ratio of 9.60. The average volume for Canadian Imperial Bank of Commerce has been 232,700 shares per day over the past 30 days. Canadian Imperial Bank of Commerce has a market cap of $31.3 billion and is part of the banking industry. Shares are down 3.3% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Highlights from the ratings report include:
- CM's revenue growth has slightly outpaced the industry average of 2.4%. Since the same quarter one year prior, revenues slightly increased by 1.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- CANADIAN IMPERIAL BANK has improved earnings per share by 8.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, CANADIAN IMPERIAL BANK increased its bottom line by earning $7.85 versus $7.30 in the prior year.
- Net operating cash flow has significantly increased by 151.48% to $553.00 million when compared to the same quarter last year. In addition, CANADIAN IMPERIAL BANK has also vastly surpassed the industry average cash flow growth rate of 87.27%.
- The gross profit margin for CANADIAN IMPERIAL BANK is currently very high, coming in at 71.68%. Despite the high profit margin, it has decreased significantly from the same period last year.
- In its most recent trading session, CM has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- You can view the full Canadian Imperial Bank of Commerce Ratings Report.
- Our dividend calendar.
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