Canada Pension Plan Investment Board Adds $207M in Canadian Imperial Bank of Commerce ($CM)
Key Points
- Canada Pension Plan Investment Board changed its Canadian Imperial Bank of Commerce ($CM) stake by 25.37% last quarter, boosting to 9,002,513 shares worth $1.02 billion.
- Wall Street's consensus rating on $CM is Buy and an average price target of $119.60.
- $CM last traded around $113.57.
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Canada Pension Plan Investment Board increased its position in Canadian Imperial Bank of Commerce ($CM) by 25.37% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,002,513 shares of Canadian Imperial Bank of Commerce after buying 1,821,495 shares during the quarter. Canada Pension Plan Investment Board's holdings in Canadian Imperial Bank of Commerce were worth $1.02 billion as of its most recent filing.
Canadian Imperial Bank of Commerce Stock Down 0.7%
Shares of Canadian Imperial Bank of Commerce ($CM) traded around $113.57 on Saturday, down 0.7% for the day.
Canadian Imperial Bank of Commerce Earnings
Canadian Imperial Bank of Commerce Dividend
Analysts Set New Price Targets
About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, agriculture, and business accounts; mortgages; business, car, education, home, and other loans; lines of credit and agriculture loans; and cash management, small business financing, and overdraft protection services. The company also provides investment and insurance services; healthcare banking; credit cards; private banking, wealth planning, investment management, and estate planning and trust; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.