Key Focus for Canadian Imperial Bank of Commerce Investors

By Tamara Parker • Monday, February 03 10:13 • Permanent Link

One of the losers of today's trading session was Canadian Imperial Bank of Commerce. Shares of the Commercial banking company plunged -6.1%, and some investors may be wondering if its price of $59.17 would make a good entry point. Here's what you should know if you are considering this investment:

Canadian Imperial Bank of Commerce has moved 40.5% over the last year, and the S&P 500 logged a change of 22.2%
CM has an average analyst rating of buy and is -6.74% away from its mean target price of $63.45 per share
Its trailing earnings per share (EPS) is $5.05
Canadian Imperial Bank of Commerce has a trailing 12 month Price to Earnings (P/E) ratio of 11.7 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $5.37 and its forward P/E ratio is 11.0
The company has a Price to Book (P/B) ratio of 1.01 in contrast to the S&P 500's average ratio of 4.74
Canadian Imperial Bank of Commerce is part of the Finance sector, which has an average P/E ratio of 20.04 and an average P/B of 1.86
CM has reported YOY quarterly earnings growth of 23.8% and gross profit margins of 0.0%
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.