Canadian Imperial Bank of Commerce (CM)
Canadian Imperial Bank of Commerce Beneish M-Score: -3.307
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CM Beneish M-Score Rankings
| Overall | 82nd percentile | 660 of 3761 |
| Sector | 40th percentile | 400 of 675 in Financial |
| Industry | 35th percentile | 13 of 20 in Money Center Banks |
CM Beneish M-Score Range, Past 5 Years
| Minimum | -3.973 | Oct 2009 |
| Maximum | -3.042 | Jul 2007 |
| Average | -3.372 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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CM News
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RT @michaelbabad Why David Rosenberg is keen on Canada's banks http://stks.co/3zTn $NA.CA $RY $RY.CA $TD $BMO $BMO.CA $CM $CM.CA $BNS
about 3 days ago by eyeonequities
about 3 days ago by eyeonequities
RT @ScottAdams_Edit Canadian banks: Don't rush to buy them http://stks.co/3xRw $BMO.CA $CM.CA $RY.CA $TD.CA $BNS.CA $BMO $CM $TD $RY $BNS
about 5 days ago by eyeonequities
about 5 days ago by eyeonequities
RT @jonsticha This $JPM news reminds me why I like Canadian banks so much. Long and strong $CM
about 17 days ago by tsxstocks
about 17 days ago by tsxstocks
CIBC Announces Initiatives in Support of 2015 Toronto Pan and Parapan American Games
May 04, 5:37PM PR Newswire
May 04, 5:37PM PR Newswire
RT @Iamfree4Lunch Canadians Dominate World’s 10 Strongest Banks http://stks.co/3eSO via @BloombergMrkts $FXC; $CM; $TD; $RY; $BNS; $BMO
about 25 days ago by tsxstocks
about 25 days ago by tsxstocks
$CM http://stks.co/3HnV Combined Market Internals RED since open. Now at extreme range, some reversal expected
about 48 days ago by suriNotes
about 48 days ago by suriNotes
$CM forms bearish "Diamond Top" chart pattern. http://stks.co/3HCC
about 49 days ago by RecogniaEvents
about 49 days ago by RecogniaEvents
$CM forms bearish "Diamond Top" chart pattern. http://stks.co/35ZH
about 63 days ago by RecogniaEvents
about 63 days ago by RecogniaEvents
RT @upsidetrader Oh Canada...over 78.50 $CM http://stks.co/33Zc // On my watchlist already, love it
about 65 days ago by kelkun
about 65 days ago by kelkun
Stocks trading ex-dividend one week from today: http://stks.co/2vvX $GES $RAS $EXE $CM $CCG $UVE
about 70 days ago by DynamicDividend
about 70 days ago by DynamicDividend
$CM http://stks.co/2vA3 One of the most undervalued Canadian Banking Sector Stocks. Dividen Yeild 4.5%. Eyes on 78.40$
about 71 days ago by Bav111
about 71 days ago by Bav111
Another day, another great earnings report from a canadian bank. Their industry is on such a different level over there. $CM
about 80 days ago by bradloncar
about 80 days ago by bradloncar
Today's top business news http://stks.co/2kEX $CM $CM.CA $CNQ $CNQ.CA $AC.B.CA #cdnecon #eurozone #greece
about 81 days ago by michaelbabad
about 81 days ago by michaelbabad
Today's top business news http://stks.co/2jQZ $CNQ $CNQ.CA $CM $CM.CA $FNDR #greece #eurozone #cdnecon
about 81 days ago by michaelbabad
about 81 days ago by michaelbabad
CIBC, with link this time. Clearly need another cup of coffee. $CM $CM.CA http://stks.co/2j1I
about 81 days ago by michaelbabad
about 81 days ago by michaelbabad
Canadian Imperial Bank of Commerce posts higher Q1. Globe and Mail's Grant Robertson reports. $CM $CM.CA
about 81 days ago by michaelbabad
about 81 days ago by michaelbabad
Canadian #banks worth a look: http://stks.co/1v4v $TD.CA $TD $RY.CA $RY $CM $CM.CA $BNS $BNS.CA $BMO $BMO.CA $NA.CA #investing #financials
about 136 days ago by SonaliVerma
about 136 days ago by SonaliVerma
Stocks trading ex-dividend one week from today: http://stks.co/1a1a / $ARCO $ACET $CASC $CCG $CM $IFF $PGN $SEIC
about 164 days ago by DynamicDividend
about 164 days ago by DynamicDividend
Canadian Imperial bank of Commerce Q4 profit jumpbs. $CM $CM.CA http://stks.co/1KvD
about 179 days ago by michaelbabad
about 179 days ago by michaelbabad
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CM | 68.00 | -0.82 | -1.19% | 27.29B |
| CLY | 58.56 | +0.03 | +0.05% | |
| CLWT | 4.10 | +0.00 | +0.00% | 8.528M |
| CLWR | 1.21 | -0.01 | -0.82% | 1.563B |
| CLW | 31.07 | -0.34 | -1.08% | 740.40M |
| CLUB | 11.73 | -0.17 | -1.43% | 271.20M |
| CLS | 7.57 | +0.01 | +0.13% | 1.496B |
| CERN | 79.01 | -0.36 | -0.45% | 13.41B |
| CEO | 180.04 | -3.11 | -1.70% | 80.42B |
| CENX | 7.10 | +0.04 | +0.57% | 630.76M |