Time to Buy Canadian Imperial Bank of Commerce (NASDAQ: CM) Stock? Here is the INSIGHT

Canadian Imperial Bank of Commerce day trading at USD 64.8 per share, then rallying to 66.43 and closing at USD 66.42 per share. A net gain of 2.5% for the day. Long term pricing analysis shows the stock trading at 24.18% lower than it’s 52week high and -37.89% higher than the 52week low. The share volume traded for the day was 850K which was 1 times the 50 Day Average Volume.

Canadian Imperial Bank of Commerce had a market cap of 29,567,414K as of 27th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 8.44.

Canadian Imperial Bank of Commerce commonly referred to as CIBC, is one of the “Big Five” banks in Canada. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC’s Institution Number is 010, and its SWIFT code is CIBCCATT.

Financial Results

Canadian Imperial Bank of Commerce Third Quarter Of Fiscal 2020.

  • $339 million ($250 million after-tax) restructuring charge primarily relating to employee severance; and
  • $27 million ($21 million after-tax) amortization of acquisition-related intangible assets.
  • Canadian Personal and Small Business Banking reported net income of $617 million for the first quarter, up to $155 million or 34% from the first quarter a year ago.
  • Canadian Commercial Banking and Wealth Management reported net income of $336 million for the first quarter, up to $23 million or 7% from the first quarter a year ago.

Canadian Imperial Bank of Commerce (27th May 2020): The Institutional Ownership as of today stood at 44.38% and the Total Value of Holdings (millions) is $ 12,574.

New Institutional Holders and other activity – As of today, the total number of shares held is 197,516,974 by 416 institutional holders.

LATEST NEWS:

27-May-2020:- Canadian Imperial Bank of Commerce (CM) Set to Announce Quarterly Earnings on Thursday

Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) will post its quarterly earnings results before the market opens on Thursday, May 28th. Analysts expect the Canadian Imperial Bank of Commerce to post earnings of C$2.56 per share for the quarter. Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) last released its earnings results on Wednesday, February 26th. The company reported C$3.24 EPS for the quarter, beating the consensus estimate of C$2.97 by C$0.27. The firm had revenue of C$4.86 billion during the quarter, compared to the consensus estimate of C$4.74 billion.

25-May-2020:- Credit Suisse Group Cuts Canadian Imperial Bank of Commerce (TSE: CM) Price Target to C$88.00

Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) had its price objective decreased by Credit Suisse Group from C$90.00 to C$88.00 in a report issued on Friday morning. CM has been the subject of several other reports. Royal Bank of Canada lowered its target price on Canadian Imperial Bank of Commerce from C$121.00 to C$120.00 and set a sector to perform rating for the company in a research note on Thursday, February 27th.

24 -April-2020:- AGF Investments Inc. Invests $650,000 in Canadian Imperial Bank of Commerce (NYSE: CM)

AGF Investments Inc. purchased a new position in the Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,161 shares of the bank’s stock, valued at approximately $650,000. Other institutional investors also recently bought and sold shares of the company.

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