Is Buying Canadian Imperial Bank of Commerce Here a Winning Strategy?

 Is Buying Canadian Imperial Bank of Commerce Here a Winning Strategy?

The stock of Canadian Imperial Bank of Commerce (TSE:CM) is a huge mover today! About 147,025 shares traded hands. Canadian Imperial Bank of Commerce (TSE:CM) has risen 7.46% since April 7, 2016 and is uptrending. It has outperformed by 1.32% the S&P500.
The move comes after 6 months positive chart setup for the $40.90B company. It was reported on Nov, 11 by Barchart.com. We have $156.41 PT which if reached, will make TSE:CM worth $21.68B more.

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 1.38% above today’s ($102.23) stock price. Canadian Imperial Bank Of Commerce has been the topic of 23 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock of Canadian Imperial Bank of Commerce (TSE:CM) has “Sector Perform” rating given on Friday, October 21 by Scotia Capital. Beaufort Securities maintained the stock with “Buy” rating in Thursday, October 15 report. The stock of Canadian Imperial Bank of Commerce (TSE:CM) earned “Buy” rating by Dundee Securities on Wednesday, September 21. On Friday, August 28 the stock rating was upgraded by Credit Suisse to “Neutral”. TD Securities downgraded the stock to “Hold” rating in Friday, December 4 report.

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 Nasdaq.com with their article: “Canadian Imperial Bank of Commerce Named Top 25 Dividend Stock With 4.85 …” published on November 09, 2016, Fool.ca published: “Why Canadian Imperial Bank of Commerce Isn’t Your 1-Stop Bank” on November 07, 2016. More interesting news about Canadian Imperial Bank of Commerce (TSE:CM) were released by: Reuters.com and their article: “Fitch Affirms Canadian Imperial Bank of Commerce at ‘AA-/F1+’; Outlook Sta…” published on October 28, 2016 as well as Fool.ca‘s news article titled: “Forget the Naysayers: Canadian Imperial Bank of Commerce Is the Bank to Bet on” with publication date: October 19, 2016.

Canadian Imperial Bank of Commerce is a global financial institution. The company has a market cap of $40.90 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 9.91 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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