Canadian Imperial Bank of Commerce CM

"You can bank on CM..."

[Dibah420]

You Can Bank on Canadian Imperial Bank of Commerce

Jim Van Meerten - Barchart - Tue Sep 10, 7:00AM CDT Follow this Author

SSummary

• Canadian Imperial Bank of Commerce (CM)  shows strong technical indicators with 100% buy signals, 18.75% gain in the last month, and RSI of 80.07%..
• Fundamental factors include a market cap of $55.94 billion, P/E of 11.41, and a dividend yield of 4.43%, with revenue and earnings growth expected..
• Analysts' opinions are mixed with 3 strong buys, 5 buys, 5 holds, and 3 underperforms; price targets range from $51 to $102.
• Barchart highlights CM's exceptional price appreciation but advises caution due to volatility, recommending diversification and regular stop-loss reevaluation.

The Chart of the Day belongs to the diversified Canadian financial institution Canadian Imperial Bank of Commerce (CM).  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/9 the stock gained 18.67%.

CM Price vs Daily Moving Averages

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.