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    CM   CA1360691010

CANADIAN IMPERIAL BANK OF COMMERCE

(CM)
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Delayed Toronto Stock Exchange  -  04:18 2022-06-28 pm EDT
62.91 CAD   -0.11%
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CIBC to host Investor Day on June 16, 2022

05/13/2022 | 09:01am EDT

TORONTO, May 13, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) will host an Investor Day on Thursday June 16, 2022, beginning at 8:30 a.m. ET and concluding by 1:00 p.m. ET. The live event will feature presentations from senior leaders at CIBC and will provide an in-depth overview of the bank's financial objectives and client-focused growth strategy, including providing an update on the priorities for each of its strategic business units.

"The execution of our client-focused strategy has enabled us to build a modern, relationship-oriented bank," said Victor G. Dodig, President and CEO, CIBC. "We have established strong momentum across our bank and look forward to sharing our plans on how we will continue to grow."

To support public health efforts, CIBC's Investor Day will be a hybrid event held at the bank's new global headquarters, CIBC Square. Investors can register to participate virtually by visiting our website, where additional details including the agenda for the day and speakers will be made available.  

About CIBC

CIBC is a leading North American financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found

SOURCE CIBC

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on CANADIAN IMPERIAL BANK OF COMMERCE
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Financials
Sales 2022 22 105 M 17 149 M 17 149 M
Net income 2022 6 517 M 5 056 M 5 056 M
Net Debt 2022 - - -
P/E ratio 2022 8,50x
Yield 2022 5,22%
Capitalization 56 879 M 44 126 M 44 126 M
Capi. / Sales 2022 2,57x
Capi. / Sales 2023 2,42x
Nbr of Employees 47 814
Free-Float 100,0%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 62,98 CAD
Average target price 78,94 CAD
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Victor Dodig President, Chief Executive Officer & Director
Hratch Panossian Executive Vice President & Global Controller
Katharine Berghuis Stevenson Chairman
Christina Kramer Senior EVP-Technology, Infrastructure & Innovation
Nicholas D. Le Pan Independent Director