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CM
Canadian Imperial Bank of Commerce /can/
NYSE· Financial Services· Banks - Diversified· CUSIP 136069101
$115.03+0.02%Price as of Oct 23, 00:45 UTC · updated once a day, after the close
At a glance
Canadian Imperial Bank of Commerce /can/ (CM) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Toronto, Canada and has 51,711 employees. The company is worth $104.44B and trades at 15.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$29.01B in fiscal 2025, up 13.7% from the year before. Net income was CA$8.43B. The share price is 7.9% below its 52-week high of $124.86. It pays a dividend yielding 2.63%, and has raised its annual dividend for 10 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $61.65M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $104.44B
- P/E
- 15.3x
- Forward P/E
- 14.2x
- P/B
- 2.2x
- Dividend yield
- 2.63%
- Payout
- 40.29%
- EPS
- $7.52
- ROE
- 15.58%
- Profit margin
- 33.74%
- Revenue growth
- +16.60%
- Beta
- 1.24
- 52-week high
- $124.86
- 52-week low
- $81.24
History
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Israel EnglanderReducedMillennium Management · Q2 2026$61.65M536.07K shares · 0.0% of portfolio
- Cliff AsnessAddedAQR Capital Management · Q2 2026$54.18M472.59K shares · 0.0% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$19.1M166.11K shares · 0.0% of portfolio- Renaissance TechnologiesNew positionRenaissance Technologies · Q2 2026$10.08M87.63K shares · 0.0% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$3.88M33.7K shares · 0.0% of portfolio
Price over time
▲ +101.8% over 5Y.
today you would have $2,278.09▲ +127.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $90.61 | $63.23 | $48.14 | $40.45 | |
| EPS | CA$8.57 | CA$7.28 | CA$5.17 | CA$6.68 | |
| Dividend yield | 4.81% | 1.53% | 4.21% | 5.41% | 6.22% |
| Profit margin | 28.23% | 29.05% | 27.87% | 21.46% | 28.58% |
| ROE | 12.25% | 13.14% | 12.11% | 9.45% | 12.40% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$93.15
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$19.81
Earnings growing 0.0% a year plus a 2.6% dividend yield. Growth capped at 25%.
Earnings
$98.93
Median P/E of 13.2 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$34.22
Dividend growing 5.9% a year against a 10.2% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $70.63 (avg. of 3)+Dividends $34.22÷ 2 =$52.42
$52.42
4 methods answered, across 2 families.
$39.32
Room for errors in the reported numbers.
$115.03
-54.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ITUBItau Unibanco Holding S.A. | $9.49 | 12.5x | 2.4x | 6.00% | 21.48% | $104.6B |
| IBNIcici Bank Ltd | $29.94 | 17.5x | 5.6x | 0.83% | 16.49% | $107.48B |
| CMECME Group Inc | $305.98 | 25.1x | 4.1x | 3.69% | 16.13% | $110.02B |
| BNYBank of New York Mellon Corp | $145.32 | 16.1x | 2.5x | 1.53% | 14.87% | $98.6B |
| BNSBank of Nova Scotia | $93.41 | 17.0x | 1.8x | 3.46% | 11.46% | $113.85B |
| MRSHMarsh & Mclennan Companies Inc | $199.27 | 23.8x | 6.5x | 1.99% | 27.24% | $95.09B |
About the company
- 51,711
- Toronto, Canada