Looking for a Growth Stock? 3 Reasons Why Canadian Imperial Bank (CM) is a Solid Choice

Core Viewpoint - The Canadian Imperial Bank (CM) is identified as a strong growth stock due to its favorable growth metrics and Zacks Rank, making it a potential outperformer for growth investors [2][11]. Earnings Growth - The historical EPS growth rate for Canadian Imperial Bank is 4.2%, but the projected EPS growth for this year is 10.3%, surpassing the industry average of 8.9% [4]. Asset Utilization Ratio - The asset utilization ratio for Canadian Imperial Bank is 0.06, indicating that the company generates $0.06 in sales for every dollar in assets, which is higher than the industry average of 0.05, showcasing better efficiency [6]. Sales Growth - The company's sales are expected to grow by 10.3% this year, significantly outpacing the industry average of 0% [7]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Canadian Imperial Bank, with the Zacks Consensus Estimate for the current year increasing by 1.4% over the past month [9]. Overall Assessment - Canadian Imperial Bank holds a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a solid choice for growth investors based on its earnings growth, asset utilization, and sales growth metrics [11].