Recent important positive changes in fundamentals have benefitted Canadian Imperial Bank of Commer (NYSE: CM): the consensus estimate for October, 2025 increased significantly, the consensus estimate for October, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Canadian Imperial Bank of Commer (NYSE: CM) investment behavior have recently occurred: the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Canadian Imperial Bank of Commer has a very high Power Rating of 86 and a very high Appreciation Score of 95, with the Highest Value Trend Rating the result.
Recent Price Action
On 9/20/24, Canadian Imperial Bank of Commer (NYSE: CM) stock rose slightly by 0.03%, closing at $61.68. Moreover, trading volume in this advance was exceptionally high at 322% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.2% during the last week.
Be the first to comment