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Canadian Bank of Commerce ( (TSE:CM) ) has provided an update.
CIBC announced its plan to redeem all issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 43 for cash on July 31, 2025, at a redemption price of $25.00 per share. This move, which includes a final quarterly dividend payment, reflects CIBC’s ongoing management of its capital structure and may impact shareholders holding these specific shares.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$101.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
Spark’s Take on TSE:CM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CM is a Outperform.
The Canadian Bank of Commerce scores well due to its strong financial performance and robust earnings growth, as highlighted in the latest earnings call. Technical analysis suggests bullish momentum, though caution is advised due to potential overbought conditions. Valuation metrics support a favorable view, with a reasonable P/E ratio and attractive dividend yield. Risks include increasing credit loss provisions and potential mortgage growth challenges.
To see Spark’s full report on TSE:CM stock, click here.
More about Canadian Bank of Commerce
CIBC is a leading North American financial institution serving 14 million clients across personal banking, business, public sector, and institutional sectors. It provides a comprehensive range of services through its digital banking network and physical locations in Canada, the United States, and globally.
Average Trading Volume: 3,717,303
Technical Sentiment Signal: Buy
Current Market Cap: C$88.46B
For detailed information about CM stock, go to TipRanks’ Stock Analysis page.