Canadian Imperial Bank of Commerce: Encouraging Growth In Trading Revenues
CIBC(CM) Seeking Alpha·2024-06-10 00:28
jimfeng Investment Thesis: I revise my rating on Canadian Imperial Bank of Commerce (NYSE:CM) from Hold to Buy. In a previous article back in May 2023, I made the argument that the Canadian Imperial Bank of Commerce could see pressure on growth given a decline in trading revenues leading to lower net income overall. However, we see that the stock is up by just over 15% since my last article: TradingView.com The purpose of this article is to assess whether the stock has the potential for further upside ...