Canadian Imperial Bank of Commerce (TSE:CM) Sets New 12-Month High – Here’s What Happened

Posted by Francis Steltz on Jun 23rd, 2026

Shares of Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) reached a new 52-week high on Tuesday . The company traded as high as C$162.12 and last traded at C$162.04, with a volume of 281526 shares. The stock had previously closed at C$161.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CM. Raymond James Financial decreased their price objective on Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating on the stock in a report on Friday, May 29th. BMO Capital Markets upped their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group raised their target price on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research report on Wednesday, May 20th. TD Securities lifted their price target on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, National Bank Financial boosted their price target on shares of Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$152.86.

View Our Latest Stock Report on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Stock Up 0.7%

The company has a market capitalization of C$148.38 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 3.03 and a beta of 1.42. The business has a fifty day simple moving average of C$152.75 and a two-hundred day simple moving average of C$138.22.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last issued its earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share (EPS) for the quarter. The business had revenue of C$8.01 billion during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%. As a group, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were issued a $1.07 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 40.48%.

Insider Transactions at Canadian Imperial Bank of Commerce

In related news, insider Christopher John Anderson sold 8,490 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$155.50, for a total transaction of C$1,320,195.00. Following the completion of the transaction, the insider directly owned 6,252 shares of the company’s stock, valued at C$972,186. This trade represents a 57.59% decrease in their position. Also, insider Amy Florence South sold 1,200 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$160.92, for a total transaction of C$193,104.00. Insiders have sold a total of 10,690 shares of company stock valued at $1,665,449 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

About Canadian Imperial Bank of Commerce

(Get Free Report)

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.