Canadian Imperial Bank of Commerce (USA) (NYSE:CM) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded Canadian Imperial Bank of Commerce (USA) (NYSE:CM) to Hold in a statement released on 11/29/2016.
On Thursday December 17, 2015, Credit Suisse released a statement on Canadian Imperial Bank of Commerce (USA) (NYSE:CM) dropped the target price from $112.00 to $110.00 that suggested an upside of 0.62%.
Having a price of $78.94, Canadian Imperial Bank of Commerce (USA) (NYSE:CM) traded 0.46% higher on the day. With the last close up 2.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. CM has recorded a 50-day average of $75.89 and a two hundred day average of $77.08. Trade Volume was up over the average, with 781,342 shares of CM changing hands over the typical 469,961
Recent Performance Chart
Canadian Imperial Bank of Commerce (USA) has PE ratio of 10.35 with a one year low of $56.29 and a one year high of $82.60 and has a market capitalization of $0.
A total of 3 analysts have released a report on Canadian Imperial Bank of Commerce (USA). zero analysts rating the company a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $74.18.
General Company Details For Canadian Imperial Bank of Commerce (USA) (NYSE:CM)
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: 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, products and services 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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