News stories about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending neutral this week, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news impact score of 0.39 on their scale. InfoTrie also gave media headlines about the bank an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Canadian Imperial Bank of Commerce’s analysis:
- Form 424B2 CANADIAN IMPERIAL BANK – StreetInsider.com (streetinsider.com)
- Form 6-K CANADIAN IMPERIAL BANK For: Nov 29 – StreetInsider.com (streetinsider.com)
- CIBC earnings rise on retail banking and wealth management – Financial Post (business.financialpost.com)
- Canadian Imperial Bank declares CAD 1.36 dividend – Seeking Alpha (seekingalpha.com)
- CIBC’s U.S. Foray Cuts Domestic Reliance Even as Earnings Miss – Bloomberg (bloomberg.com)
Shares of NYSE CM opened at $84.65 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of $83.90 and a twelve month high of $100.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $38.75 billion, a PE ratio of 9.52, a PEG ratio of 1.65 and a beta of 1.18.
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings results on Thursday, November 29th. The bank reported $3.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.75. Canadian Imperial Bank of Commerce had a return on equity of 17.77% and a net margin of 21.27%. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the previous year, the business earned $2.81 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Canadian Imperial Bank of Commerce will post 9.28 EPS for the current year.
A number of equities research analysts have recently weighed in on CM shares. TheStreet upgraded Canadian Imperial Bank of Commerce from a “c” rating to a “b-” rating in a report on Thursday, August 23rd. Canaccord Genuity reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, November 22nd. Barclays reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, November 16th. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, October 16th. Finally, ValuEngine upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $122.00.
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About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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