Canadian Imperial Bank of Commerce (NYSE:CM) Now Covered by Analysts at Jefferies Financial Group

Canadian Imperial Bank of Commerce (CIBC) is a major Canadian multinational financial services company headquartered in Toronto, Canada. The bank operates in various segments including retail banking, commercial banking, wealth management, and investment banking. CIBC has a strong presence in North America, with operations in the United States through its subsidiary, CIBC Bank USA.

On Thursday, Jefferies Financial Group assumed coverage on shares of Canadian Imperial Bank of Commerce NYSECM (TSECM) and issued a "buy" rating on the bank's stock. This means that Jefferies Financial Group believes that the stock is undervalued and has the potential for appreciation in the future.

Jefferies Financial Group is a global investment banking and securities firm based in New York City, United States. The firm provides a range of financial services to individuals, corporations, and governments, including mergers and acquisitions advisory, equity and debt underwriting, and trading.

In addition to Jefferies Financial Group, several other equities research analysts have recently commented on the stock of Canadian Imperial Bank of Commerce. These analysts may provide their own opinions and recommendations based on their analysis of the bank's financial performance, industry trends, and other factors. It is important for investors to consider multiple perspectives when making investment decisions.