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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Imperial Bank of Commerce    CM   CA1360691010

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TSX up most in two months as energy stocks rally

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11/30/2017 | 10:37pm CET
FILE PHOTO - A man walks past an old Toronto Stock Exchange sign in Toronto

Canada's main stock index had its biggest one-day gain in more than two months on Thursday, with energy shares rallying as OPEC members extended output cuts and Canadian Imperial Bank of Commerce (>> Canadian Imperial Bank of Commerce) rising after forecast-busting earnings.

Canada's main stock index had its biggest one-day gain in more than two months on Thursday, with energy shares rallying as OPEC members extended output cuts and Canadian Imperial Bank of Commerce (>> Canadian Imperial Bank of Commerce) rising after forecast-busting earnings.

* The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> ended up 99.76 points, or 0.62 percent, at 16,067.48. Seven of its 10 main groups finished higher, with advancers outnumbering decliners by a 4.5-to-1 ratio.

* The energy group climbed 2.2 percent, with crude prices boosted by a deal among OPEC members and other oil producers to extend output cuts until the end of 2018.

* Pipeline operator Enbridge Inc (>> Enbridge Inc) jumped 6.3 percent to C$48.65 after saying it plans to sell C$3 billion of assets.

* Toronto-Dominion Bank (>> Toronto-Dominion Bank), the country's second-biggest bank, lost 2.4 percent to C$73.24 as lower investment banking revenue contributed to a fourth-quarter earnings miss, while No. 5 lender Canadian Imperial Bank of Commerce (>> Canadian Imperial Bank of Commerce) rose 2.9 percent to C$118.14 after its earnings exceeded expectations.

* Lundin Mining Corp (>> Lundin Mining Corporation) slumped 16.1 percent to C$7.52 in heavy volume after the diversified base metals miner lowered production guidance for 2018 at a flagship copper mine and several analysts cut their recommendations and target prices on the stock.

* The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.3 percent.

(Reporting by Alastair Sharp; Editing by Meredith Mazzilli and Marguerita Choy)

By Alastair Sharp

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Financials ( CAD)
Sales 2018 17 609 M
EBIT 2018 7 324 M
Net income 2018 4 947 M
Debt 2018 -
Yield 2018 4,47%
P/E ratio 2018 10,83
P/E ratio 2019 10,22
Capi. / Sales 2018 2,99x
Capi. / Sales 2019 2,86x
Capitalization 52 732 M
Chart CANADIAN IMPERIAL BANK OF
Duration : Period :
Canadian Imperial Bank of  Technical Analysis Chart | CM | CA1360691010 | 4-Traders
Technical analysis trends CANADIAN IMPERIAL BANK OF
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 128  CAD
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
Victor Dodig President, Chief Executive Officer & Director
John Paul Manley Chairman
Kevin Patterson Senior Executive VP-Technology & Operations
Kevin A. Glass Chief Financial Officer & Senior Executive VP
Brent Stanley Belzberg Independent Director
Sector and Competitors
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