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

CANADIAN IMPERIAL BANK OF COMMERCE (CM)
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Delayed Quote. Delayed  - 07/20 11:39:59 pm
116.05 CAD   +0.11%
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TSX up most in two months as energy stocks rally

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

TORONTO (Reuters) - 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.

TORONTO (Reuters) - 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

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN IMPERIAL BANK OF COMMERCE 0.11% 116.05 Delayed Quote.-5.44%
ENBRIDGE INC -2.85% 45.41 Delayed Quote.-8.42%
LUNDIN MINING CORPORATION -0.97% 7.13 Delayed Quote.-13.88%
S&P/TSX COMPOSITE INDEX -0.65% 16435.46 Delayed Quote.2.06%
TORONTO-DOMINION BANK -0.41% 76.01 Delayed Quote.3.25%
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Financials (CAD)
Sales 2018 17 917 M
EBIT 2018 7 456 M
Net income 2018 5 104 M
Debt 2018 -
Yield 2018 4,58%
P/E ratio 2018 10,08
P/E ratio 2019 9,53
Capi. / Sales 2018 2,85x
Capi. / Sales 2019 2,74x
Capitalization 51 094 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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 131  CAD
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Victor Dodig President, Chief Executive Officer & Director
John Paul Manley Chairman
Kevin Patterson Group Head-Technology & Operations
Kevin A. Glass Chief Financial Officer & Senior Executive VP
Brent Stanley Belzberg Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN IMPERIAL BANK OF COMMERCE-5.44%38 836
JP MORGAN CHASE & COMPANY4.06%374 151
BANK OF AMERICA2.07%300 835
WELLS FARGO-7.02%274 489
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-16.45%267 534
CHINA CONSTRUCTION BANK CORPORATION-17.19%229 597