Media headlines about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.1705631902739 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Canadian Imperial Bank of Commerce (CM.TO) Reaches Active Mover List – Evergreen Caller (evergreencaller.com)
- TFSA Investors: 2 Dividend-Growth Stocks on Sale – The Motley Fool Canada (fool.ca)
- Higher Interest Rates: Are They Good or Bad for Canadian Lenders? – The Motley Fool Canada (fool.ca)
- PRESS DIGEST- Canada- August 17 (L, CM) – Markets Insider (markets.businessinsider.com)
- Canadian Imperial Bank of Commerce (CM) Is Showing Near Term Bearish Signs – Stock Press Daily (stockpressdaily.com)
Canadian Imperial Bank of Commerce (CM) traded up 0.91% on Friday, reaching $84.95. The company’s stock had a trading volume of 482,224 shares. The firm’s 50 day moving average price is $84.80 and its 200-day moving average price is $84.00. The company has a market capitalization of $34.12 billion, a price-to-earnings ratio of 8.99 and a beta of 1.09. Canadian Imperial Bank of Commerce has a 1-year low of $72.62 and a 1-year high of $92.22.
Several research firms recently commented on CM. BidaskClub cut Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Tuesday, July 18th. Canaccord Genuity began coverage on Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $100.63.
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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.
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