What Will Happen to Canadian Imperial Bank of Commerce Next? The Stock Just Declined A Lot

 What Will Happen to Canadian Imperial Bank of Commerce Next? The Stock Just Declined A Lot

The stock of Canadian Imperial Bank of Commerce (TSE:CM) is a huge mover today! About 864,127 shares traded hands. Canadian Imperial Bank of Commerce (TSE:CM) has risen 4.20% since March 28, 2016 and is uptrending. It has outperformed by 1.19% the S&P500.
The move comes after 6 months negative chart setup for the $38.97B company. It was reported on Nov, 1 by Barchart.com. We have $94.10 PT which if reached, will make TSE:CM worth $1.95 billion less.

Canadian Imperial Bank of Commerce (TSE:CM) Ratings Coverage

Out of 10 analysts covering Canadian Imperial Bank Of Commerce (TSE:CM), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. $123 is the highest target while $74 is the lowest. The $103.64 average target is 4.63% above today’s ($99.05) stock price. Canadian Imperial Bank Of Commerce has been the topic of 23 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, December 4 by TD Securities. The rating was maintained by Dundee Securities on Wednesday, September 21 with “Buy”. The company was maintained on Friday, October 21 by Scotia Capital. The firm earned “Neutral” rating on Friday, August 28 by Credit Suisse. On Thursday, October 15 the stock rating was maintained by Beaufort Securities with “Buy”.

More notable recent Canadian Imperial Bank of Commerce (TSE:CM) news were published by: Wsj.com which released: “Canadian Imperial Bank of Commerce to Repay Clients for Overcharging” on October 28, 2016, also Businesswire.com with their article: “Fitch Affirms Canadian Imperial Bank of Commerce at ‘AA-/F1+’; Outlook Stable” published on October 28, 2016, Seekingalpha.com published: “CIBC: The Cheapest Canadian Bank” on October 24, 2016. More interesting news about Canadian Imperial Bank of Commerce (TSE:CM) were released by: Fool.ca and their article: “Forget the Naysayers: Canadian Imperial Bank of Commerce Is the Bank to Bet on” published on October 19, 2016 as well as Seekingalpha.com‘s news article titled: “My Least Favorite Canadian Bank” with publication date: October 18, 2016.

Canadian Imperial Bank of Commerce is a global financial institution. The company has a market cap of $38.97 billion. The Firm provides a range of financial services and products to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. It has a 9.6 P/E ratio. The Firm operates through three divisions: Retail and Business Banking, Wealth Management and Capital Markets.

CM.TO Company Profile

Canadian Imperial Bank of Commerce (CIBC), incorporated on May 17, 1995, is a global financial institution. The Firm provides a range of financial services and products to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Firm operates through three divisions: Retail and Business Banking, Wealth Management and Capital Markets. The Company’s Retail and Business Banking segment provides personal and business clients across Canada with financial advice, services and products in its banking centers or through remote channels, such as mobile advisors, telephone, online or mobile banking. The Company’s Wealth Management segment provides advice and investment solutions. The Company’s Capital Markets segment provides integrated credit and global markets products, investment banking advisory services and research to corporate, government and institutional clients around the world.

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