Press coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern 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 news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 22 out of 100, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- CIBC Sees PrivateBank as Platform for U.S. Expansion, CEO Says (bloomberg.com)
- Financial Contrast: Comerica (CMA) versus Canadian Imperial Bank of Commerce (CM) (americanbankingnews.com)
- Four of biggest Canada banks are main Trans Mountain lenders -filings (feeds.reuters.com)
- Canadian Stocks Are Rising In Early Trade – Canadian Commentary (rttnews.com)
- Canadian Imperial Bank of Commerce (CM) Expected to Announce Quarterly Sales of $2.94 Billion (americanbankingnews.com)
Canadian Imperial Bank of Commerce (CM) traded down 0.38% during midday trading on Friday, hitting $80.64. 13,245,357 shares of the stock traded hands. Canadian Imperial Bank of Commerce has a 12 month low of $72.62 and a 12 month high of $92.22. The firm has a market cap of $32.39 billion, a PE ratio of 8.95 and a beta of 1.08. The company’s 50 day moving average price is $78.96 and its 200 day moving average price is $83.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Wednesday, June 28th will be issued a $0.9406 dividend. The ex-dividend date of this dividend is Monday, June 26th. This represents a $3.76 dividend on an annualized basis and a yield of 4.67%. Canadian Imperial Bank of Commerce’s payout ratio is currently 41.84%.
A number of equities analysts recently issued reports on CM shares. Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a report on Thursday, February 23rd. Keefe, Bruyette & Woods raised shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “mkt perform” rating in a report on Friday, February 24th. Credit Suisse Group raised shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a report on Friday, March 31st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 18th. Finally, BidaskClub raised shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $101.44.
COPYRIGHT VIOLATION NOTICE: This piece was posted by BBNS and is the sole property of of BBNS. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/somewhat-positive-press-coverage-very-unlikely-to-affect-canadian-imperial-bank-of-commerce-cm-stock-price/1083440.html.
Canadian Imperial Bank of Commerce Company Profile
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.
Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with our FREE daily email newsletter.