Canadian Imperial Bank of Commerce Has Another Very Strong Trading Session

 Canadian Imperial Bank of Commerce Has Another Very Strong Trading Session

The stock of Canadian Imperial Bank of Commerce (TSE:CM) is a huge mover today! About 149,060 shares traded hands. Canadian Imperial Bank of Commerce (TSE:CM) has risen 6.31% since April 18, 2016 and is uptrending. It has outperformed by 1.75% the S&P500.
The move comes after 6 months positive chart setup for the $41.82 billion company. It was reported on Nov, 22 by Barchart.com. We have $108.36 PT which if reached, will make TSE:CM worth $1.25 billion 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 -1.48% below today’s ($105.2) stock price. Canadian Imperial Bank Of Commerce has been the topic of 23 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Dundee Securities with “Buy” on Wednesday, September 21. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, October 21 report. Beaufort Securities maintained the shares of CM in a report on Thursday, October 15 with “Buy” rating. TD Securities downgraded it to “Hold” rating and $105 target price in Friday, December 4 report. The firm earned “Neutral” rating on Friday, August 28 by Credit Suisse.

More 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 Fool.ca published the news titled: “Why Canadian Imperial Bank of Commerce Isn’t Your 1-Stop Bank” on November 07, 2016. Reuters.com‘s news article titled: “Fitch Affirms Canadian Imperial Bank of Commerce at ‘AA-/F1+’; Outlook Sta…” with publication date: October 28, 2016 was also an interesting one.

Canadian Imperial Bank of Commerce is a global financial institution. The company has a market cap of $41.82 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 10.2 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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