Press coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.6609709245636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

Several research analysts recently issued reports on the company. BidaskClub raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Canaccord Genuity assumed coverage on Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. Zacks Investment Research raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, TD Securities raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Canadian Imperial Bank of Commerce has an average rating of “Hold” and a consensus price target of $101.80.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) traded down 0.30% during trading on Wednesday, reaching $87.48. The company’s stock had a trading volume of 551,390 shares. The firm has a market capitalization of $38.14 billion, a P/E ratio of 9.95 and a beta of 1.08. Canadian Imperial Bank of Commerce has a 52 week low of $72.62 and a 52 week high of $92.22. The company has a 50 day moving average price of $85.56 and a 200 day moving average price of $83.58.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be given a dividend of $1.0329 per share. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, September 27th. This represents a $4.13 annualized dividend and a yield of 4.72%. Canadian Imperial Bank of Commerce’s payout ratio is presently 45.25%.

WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Canadian Imperial Bank of Commerce (CM) Stock Price” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/20/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-canadian-imperial-bank-of-commerce-cm-stock-price.html.

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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