News coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has been trending somewhat positive on Saturday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also assigned news stories about the bank an impact score of 10 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Alpha One’s analysis:
- $1.93 EPS Expected for Canadian Imperial Bank of Commerce … – Thorold News (whatsonthorold.com)
- Checking the Charts on Shares of Canadian Imperial Bank of Commerce (CM.TO) – SKV News (skvnews.com)
- Cormark Comments on Canadian Imperial Bank of Commerce’s Q2 2017 Earnings (CM) (americanbankingnews.com)
- Canadian Imperial Bank of Commerce (CM) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Can Canadian Imperial Bank of Commerce (TSX:CM) Continue To Outperform Its Industry? (simplywall.st)
Several brokerages recently commented on CM. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Keefe, Bruyette & Woods upgraded shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “mkt perform” rating in a research note on Friday, February 24th. Finally, Credit Suisse Group AG upgraded shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a research note on Friday, March 31st. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $101.44.
Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at 78.86 on Friday. The stock has a market cap of $31.51 billion, a PE ratio of 9.12 and a beta of 1.06. The company’s 50-day moving average is $82.03 and its 200-day moving average is $83.48. Canadian Imperial Bank of Commerce has a 52-week low of $72.62 and a 52-week high of $92.22.
Canadian Imperial Bank of Commerce (NYSE:CM) last issued its quarterly earnings data on Thursday, February 23rd. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.25. Canadian Imperial Bank of Commerce had a net margin of 22.84% and a return on equity of 19.11%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $2.55 earnings per share. Equities analysts anticipate that Canadian Imperial Bank of Commerce will post $7.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Tuesday, March 28th were given a dividend of $0.9698 per share. The ex-dividend date was Friday, March 24th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.98%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.87. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.28%.
About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.
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