Canadian Imperial Bank of Commerce (NYSE:CM) Earning Positive News Coverage, Accern Reports
Media headlines about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 26 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Fusion Trust — Moody’s ABCP activity ending June 30, 2017 (finance.yahoo.com)
- CIBC offers financial relief to clients impacted by British Columbia’s wildfires (finance.yahoo.com)
- Canadian Imperial Bank of Commerce (NYSE:CM) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Under the Microscope We Place Shares of VMware, Inc. (NYSE:VMW) and Canadian Imperial Bank of Commerce … – FLBC News (flbcnews.com)
Canadian Imperial Bank of Commerce (NYSE CM) traded up 0.77% on Friday, reaching $85.49. 809,489 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $79.18 and a 200-day moving average of $83.77. Canadian Imperial Bank of Commerce has a one year low of $72.62 and a one year high of $92.22. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 9.26 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th will be given a dividend of $0.9406 per share. The ex-dividend date is Monday, June 26th. This represents a $3.76 annualized dividend and a dividend yield of 4.43%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 41.18%.
A number of equities research analysts recently weighed in on CM shares. Zacks Investment Research lowered shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Friday, May 5th. National Bank Financial reiterated an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 18th. BidaskClub upgraded shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Credit Suisse Group upgraded shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a report on Friday, March 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and an average target price of $101.63.
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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