CM Stock Summary and Trading Ideas (Canadian Imperial Bank Of Commerce | NYSE:CM)

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

Canadian Imperial Bank Of Commerce trades on the NYSE stock market under the symbol CM.

As of April 24, 2024, CM stock price declined to $47.54 with 792,460 million shares trading.

CM has a beta of 1.17, meaning it tends to be more sensitive to market movements. CM has a correlation of 0.43 to the broad based SPY ETF.

CM has a market cap of $43.63 billion. This is considered a Large Cap stock.

Last quarter Canadian Imperial Bank Of Commerce reported $5 billion in Revenue and $1.33 earnings per share. This beat revenue expectation by $81 million and exceeded earnings estimates by $.10.

In the last 3 years, CM stock traded as high as $66.24 and as low as $34.35.

The top ETF exchange traded funds that CM belongs to (by Net Assets): FVD, DFIV, DFIC, DFAI, DFAX.

CM has underperformed the market in the last year with a price return of +17.6% while the SPY ETF gained +24.2%. However, in the short term, CM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +4.6% return in SPY. But in the last 2 weeks, CM shares have been beat by the market, returning -5.3% compared to an SPY return of -2.7%.

CM support price is $47.47 and resistance is $48.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CM stock will trade within this expected range on the day.