Wall Street analyst has provided a review for the Financial company on August 23, but retained the same rating on the stock. Canadian Imperial Bank (TSX: CM) received a Buy on August 23 from TD Securities’ analyst Mario Mendonca, with a C$145 price target.
Mendonca has an average return of 10.8% when recommending Canadian Imperial Bank.
According to TipRanks.com, Mendonca is ranked #1095 out of 4866 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Imperial Bank with a C$136.25 average price target, representing an 11.1% upside. In a report issued on August 9, Desjardins also reiterated a Buy rating on the stock with a C$135 price target.
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Based on Canadian Imperial Bank’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of C$6.5 billion and net profit of C$1.37 billion. In comparison, last year the company earned revenue of C$5.22 billion and had a net profit of C$1.09 billion.
Canadian Imperial Bank of Commerce operates as a global financial institution, which provides a full range of financial products and services to individual, small business, commercial, corporate and institutional clients. It operates through the following segments: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
The company’s shares closed on Friday at C$122.59, close to its 52-week high of C$124.37.
