Notable Reporting: Will Canadian Imperial Bank of Commerce (USA) Go Down Anytime Soon?

Notable Reporting: Will Canadian Imperial Bank of Commerce (USA) Go Down Anytime Soon?

The stock of Canadian Imperial Bank of Commerce (USA) (NYSE:CM) is a huge mover today! About 2.62 million shares traded hands or 408.63% up from the average. Canadian Imperial Bank of Commerce (USA) (NYSE:CM) has declined 2.89% since April 28, 2016 and is downtrending. It has underperformed by 8.81% the S&P500.
The move comes after 6 months positive chart setup for the $32.46 billion company. It was reported on Dec, 1 by Barchart.com. We have $84.25 PT which if reached, will make NYSE:CM worth $973.80 million more.

Canadian Imperial Bank of Commerce (USA) (NYSE:CM) Ratings Coverage

Out of 10 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Canadian Imperial Bank Of Commerce has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by BMO Capital Markets on Friday, August 28. Credit Suisse upgraded the stock to “Underperform” rating in Thursday, August 27 report. The firm has “Strong Sell” rating by Zacks given on Tuesday, September 1. Zacks upgraded the shares of CM in a report on Monday, September 21 to “Hold” rating. The stock has “Sell” rating given by Zacks on Monday, September 7. The firm earned “Market Perform” rating on Friday, August 26 by BMO Capital Markets. RBC Capital Markets maintained the shares of CM in a report on Friday, August 28 with “Sector Perform” rating. RBC Capital Markets maintained Canadian Imperial Bank of Commerce (USA) (NYSE:CM) on Thursday, June 30 with “Sector Perform” rating. The stock of Canadian Imperial Bank of Commerce (USA) (NYSE:CM) has “Sector Perform” rating given on Friday, August 26 by RBC Capital Markets. The firm has “Hold” rating by Canaccord Genuity given on Thursday, August 27.

According to Zacks Investment Research, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada.”

More notable recent Canadian Imperial Bank of Commerce (USA) (NYSE:CM) news were published by: Fool.ca which released: “Why Canadian Imperial Bank of Commerce Isn’t Your 1-Stop Bank” on November 07, 2016, also Fool.ca with their article: “Nervous About Housing? Then Avoid Canadian Imperial Bank of Commerce” published on September 14, 2016, Fool.ca published: “Forget the Naysayers: Canadian Imperial Bank of Commerce Is the Bank to Bet on” on October 19, 2016. More interesting news about Canadian Imperial Bank of Commerce (USA) (NYSE:CM) were released by: Fool.ca and their article: “Why Canadian Imperial Bank of Commerce Is up 2% Today” published on August 25, 2016 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy Canadian Imperial Bank of Commerce or Bank …” with publication date: August 08, 2016.

CM 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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