Canadian Imperial Bank of Commerce (CM) Earning Positive News Coverage, Accern Reports

News coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canadian Imperial Bank of Commerce earned a news impact score of 0.36 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 47.3834202629724 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of CM stock opened at $94.50 on Tuesday. The stock has a market cap of $41.71 billion, a PE ratio of 10.63, a P/E/G ratio of 1.83 and a beta of 1.15. Canadian Imperial Bank of Commerce has a 1-year low of $83.02 and a 1-year high of $100.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.05 and a current ratio of 1.05.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings results on Thursday, August 23rd. The bank reported $3.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.86. Canadian Imperial Bank of Commerce had a net margin of 21.27% and a return on equity of 17.77%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $2.77 earnings per share. analysts forecast that Canadian Imperial Bank of Commerce will post 9.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be issued a $1.0412 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $4.16 annualized dividend and a yield of 4.41%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 46.23%.

Several research analysts have recently weighed in on CM shares. TheStreet upgraded shares of Canadian Imperial Bank of Commerce from a “c” rating to a “b-” rating in a report on Thursday, August 23rd. Citigroup upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a report on Wednesday, June 6th. CIBC upgraded shares of Canadian Imperial Bank of Commerce to a “buy” rating and increased their price objective for the stock from $125.00 to $130.00 in a report on Wednesday, June 6th. Zacks Investment Research upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Wednesday, May 16th. Finally, ValuEngine upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $118.78.

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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