11:21:19 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce
Symbol CM
Shares Issued 397,674,259
Close 2014-05-01 C$ 97.40
Market Cap C$ 38,733,472,827
Recent Sedar Documents

Globe says Canaccord recommends buying Scotiabank, CIBC

2014-05-02 08:05 ET - In the News

See In the News (C-BNS) Bank of Nova Scotia

The Globe and Mail reports in its Friday edition that in new coverage Canaccord analyst Gabriel Dechaine recommends buying Bank of Nova Scotia ($66.62) and Canadian Imperial Bank of Commerce ($97.40). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Dechaine says Scotiabank and CIBC still offer attractive investment opportunities despite slowing growth prospects compared with previous years. He says, "We believe the potential for multiple expansion exists, particularly if our call for EPS growth acceleration in 2015 materializes and if investors further diminish expectations of a negative credit event." Mr. Dechaine set a target of $71 on Scotiabank and a target of $105 on CIBC. RBC analyst Darko Mihelic rated Scotiabank "outperform" in new coverage in The Globe on Jan. 6. Scotiabank was then trading at $65.46. In the same item, Mr. Mihelic rated CIBC "sector perform." Its shares were then worth $89.46. San Francisco hedge fund manager Vijai Mohan was bearish on Scotiabank and CIBC in The Globe on Jan. 29. Scotiabank and CIBC shares could then be had for $61.88 and $87.23. Credit Suisse analyst Nick Stogdill rated CIBC "neutral" in The Globe on March 18. It was then worth $95.36.

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