For its second fiscal quarter (ending April 30), Canadian Imperial Bank of Commer (NYSE: CM) has reported E.P.S. of $1.79 compared to $1.77 a year ago. E.P.S. were $6.56 for the latest four quarters through April 30 versus $5.21 for the same period a year ago.
Recent Price Action
On 5/30/24, Canadian Imperial Bank of Commer (NYSE: CM) stock enjoyed a very large increase of 7.5%, closing at $50.60. Moreover, this advance was accompanied by unusually high trading volume at 191% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
CM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Canadian Imperial Bank of Commer has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Canadian Imperial Bank of Commer has a good Power Rating of 84 and a very high Appreciation Score of 97, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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