TSX:CMBanks
Is Canadian Imperial Bank of Commerce (TSX:CM) Price Justified After Strong Multi‑Year Share Gains
If you have been wondering whether Canadian Imperial Bank of Commerce at about C$125.84 is offering fair value or a margin of safety, this article walks through what the numbers are saying about the stock.
The share price performance has been mixed in the short term, with a 0.9% decline over the last 7 days and a 0.3% decline over the last 30 days. The return over the last year sits at 42.9%, and the 3 year and 5 year returns are 136.4% and 184.3% respectively.
These returns set the backdrop...