Rank CIBC Preferreds

This compare tool allows you to Rank CIBC Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the CIBC preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

CIBC Brief Overview

Visit the CIBC company website to see the preferred share prospectus, news and other information.

Sector: Financial services.

Core businesses and operations:

  1. Retail banking.
  2. Wealth management.
  3. Investment banking products and services.
  4. Personal and Commercial Banking.
  5. U.S. Commercial Banking and Wealth Management, and Capital Markets.
  6. International operations In Europe and Asia.

Canadian Imperial Bank of Commerce is one of the Big Five banks in Canada.
All CIBC preferreds are subject to Automatic Conversion to Common Stock. Here is a sample for the series 51 preferreds.

Upon the occurrence of a Trigger Event (as defined herein), each outstanding Series 51 Share and, if issued, each outstanding Series 52 Share will automatically and immediately be converted, on a full and permanent basis, without the consent of the holder thereof, into a number of fully-paid common shares of the Bank (“Common Shares�) equal to (Multiplier x Share Value) ÷ Conversion Price (as each are defined herein) (rounding down, if necessary, to the nearest whole number of Common Shares) (an “NVCC Automatic Conversion�). Investors should therefore carefully consider the disclosure with respect to the Bank, the Series 51 Shares, the Series 52 Shares, the Common Shares and the consequences of a Trigger Event and an NVCC Automatic Conversion included and incorporated by reference in this prospectus supplement dated May 27, 2019 (the “Prospectus Supplement�) and the accompanying short form base shelf prospectus of the Bank dated July 11, 2018 (the “Prospectus�).

The latest information and statistics on their common stock CM, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2021JAN28 , 2021APR28 , 2021JUL28 , 2021OCT28

Next Ex-Dividend Date: 2021Mar27. Ex Dividend Date Schedule: 2021MAR27 , 2021JUN27 , 2021SEP27 , 2021DEC27

 

CIBC Credit Rating

The latest credit rating for CIBC are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
A+AAPfd-2A1AA-

CIBC Common Share Metrics

Symbol: TSE:CMCurrency: CADMarket Cap: $41,614,278,187Price: $118.66
P/E: 12.98P/B: 1.45Dividend: $1.460Yield: 4.92%
Beta: 0.8700

CIBC Overall Preferred Share Metrics

I have reviewed the full set of CIBC preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "CIBC". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.


Preferred issues: 7Lowest Current Yield: CM-Q @ 3.34%Highest Current Yield: CM-T @ 5.09%Average Current Yield: 4.45%
5 Year Reset issues: 75YR Reset Lowest Reset Yield: CM-S @ 3.45%5YR Reset Highest Reset Yield: CM-Y @ 4.25%5YR Reset Average Reset Yield: 3.82%
Lowest Rate Increase Percent: CM-Y @ -4.000%Highest Rate Increase Percent: CM-P @ 15.00%Average Rate Increase Percent: 4.57%
Market Cap at Market Value: 2,723,230,000Market Cap at Face Value: 2,825,000,000Discount Amount: 101,770,000Discount Percent: 3.60%
Percent of Total Market Cap at Market Value: 3.78%Percent of Total Market Cap at Face Value: 3.35%



 
 

Rank CIBC Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Mar-01 19:23, Model Metrics Mar-01 19:42
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
CM-Q CM.PR.Q CA1360693909 $23.50$23.83$10.185yr + 2.79%03.34% $0.7858Canadian_Imperial_Bank_of_Commerce_3.60%,_Series_43_-_NVCC
CM-P CM.PR.P CA1360694246 $21.64$21.67$10.155yr + 2.24%04.52% $0.9772Canadian_Imperial_Bank_of_Commerce_3.75%,_Series_41_-_NVCC
CM-R CM.PR.R CA1360702080 $25.24$25.30$12.265yr + 3.38%04.36% $1.1000Canadian_Imperial_Bank_of_Commerce_4.40%,_Series_45_-_NVCC
CM-S CM.PR.S CA1360708772 $23.66$23.66$11.235yr + 2.45%04.78% $1.1300Canadian_Imperial_Bank_of_Commerce_4.50%,_Series_47_-_NVCC
CM-T CM.PR.T CA1360707949 $25.53$25.69$13.865yr + 3.31%05.09% $1.3000Canadian_Imperial_Bank_of_Commerce__5.20%_Non-cumulative_Rate_Reset_Class_A_Preferred_Shares_Series_49
CM-O CM.PR.O CA1360694402 $22.20$22.20$10.055yr + 2.32%04.18% $0.9283Canadian_Imperial_Bank_of_Commerce_3.90%,_Series_39_-_NVCC
CM-Y CM.PR.Y CA13607G7993 $26.09$26.80$14.755yr + 3.62%04.93% $1.2872Canadian_Imperial_Bank_of_Commerce_5.15%,_Series_51_-_NVCC
 
 

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A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version


Last Updated: Market Data Mar-01 19:23, Model Metrics Mar-01 19:42
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)
Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield Dividend)follow link passed the end of the table to see definition
Reset Date Y/M/DRate Increase percentRate Increase to valueNew Spread IncreaseNew Spread valueShort PositionAdditional FeaturesYears To Double Initial InvestmentOutstanding FloatName
CM-Q CM.PR.Q CA1360693909 $23.50$23.83$10.185yr + 2.79%03.34% $0.785803.84% | $0.902003.41% $0.80 17@cy+3@ry2025jul31006%3.84%006%2.95%23,674Non-Cumulative NVCC ACTSWHC21.1012,000,000Canadian_Imperial_Bank_of_Commerce_3.60%,_Series_43_-_NVCC
CM-P CM.PR.P CA1360694246 $21.64$21.67$10.155yr + 2.24%04.52% $0.977203.53% | $0.764504.26% $0.92 15@cy+5@ry2025jan31015%3.54%013%2.54%108,603Non-Cumulative NVCC ACTSWHC15.6712,000,000Canadian_Imperial_Bank_of_Commerce_3.75%,_Series_41_-_NVCC
Rank CIBC Preferreds - canadianpreferredshares.ca

Additional Information

Continue to Rank CIBC Preferreds  page 2 of 3 where you can find

  1. What if “Yield Scenarios” for 5 year resets.
  2. Graph of all preferred share yields
  3. Prospectus Information