Canadian Imperial Bank of Commerce: Encouraging Growth In Trading Revenues

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 Performance CIBC Q2 2024 Financial Highlights CIBC Q2 2024 Financial Highlights Calculations made by author u ...