Neutral News Coverage Extremely Likely to Impact Canadian Imperial Bank of Commerce (CM) Share Price

News articles about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending neutral this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 0.39 on their scale. InfoTrie also assigned news articles about the bank an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Canadian Imperial Bank of Commerce’s analysis:

CM has been the subject of a number of recent analyst reports. ValuEngine lowered Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. TheStreet raised Canadian Imperial Bank of Commerce from a “c” rating to a “b-” rating in a research report on Thursday, August 23rd. Barclays reissued a “buy” rating on shares of Canadian Imperial Bank of Commerce in a research report on Friday, November 16th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $121.33.

Shares of NYSE:CM opened at $83.88 on Friday. Canadian Imperial Bank of Commerce has a 52-week low of $83.09 and a 52-week high of $100.01. The company has a market capitalization of $37.45 billion, a PE ratio of 8.98, a PEG ratio of 1.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its earnings results on Thursday, November 29th. The bank reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.73. Canadian Imperial Bank of Commerce had a return on equity of 17.56% and a net margin of 20.85%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the prior year, the company earned $2.81 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Canadian Imperial Bank of Commerce will post 9.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Friday, December 28th will be given a $1.034 dividend. This represents a $4.14 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Thursday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 44.65%.

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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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