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Canadian Imperial Bank Of Commerce (NYSE: CM) upgraded to Buy by Citigroup

Monday,  Feb 24, 2014  8:25 AM ET by Lynn Gilbert

Citigroup upgraded Canadian Imperial Bank Of Commerce (NYSE: CM) to Buy.
Previously, Citigroup rated Canadian Imperial Bank Of Commerce (NYSE: CM) to Neutral on 02/27/2013, when the stock price was valued at $81.17.

Canadian Imperial Bank of Commerce (CIBC), together with its subsidiaries, provides various financial products and services to corporate, government, and institutional clients in North America. It operates in two segments, Retail Markets and World Markets.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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