Headlines about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canadian Imperial Bank of Commerce earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.1159622884995 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- 4 Top Dividend Stocks for 2018 (fool.ca)
- Banks see initial writedowns, future earnings bump under Trump tax changes (canadianbusiness.com)
- Despite Risks, Canadian Imperial Bank of Commerce Remains a Top Value Pick for Canadian Financials in 2018 (ca.finance.yahoo.com)
- CIBC Innovation Banking launches to serve North American companies (finance.yahoo.com)
Shares of Canadian Imperial Bank of Commerce (NYSE CM) traded up $0.43 on Friday, hitting $98.62. 347,785 shares of the stock traded hands, compared to its average volume of 449,318. The firm has a market capitalization of $43,570.00, a PE ratio of 10.96, a PEG ratio of 4.93 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1-year low of $77.20 and a 1-year high of $100.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 28th will be given a dividend of $1.011 per share. The ex-dividend date is Wednesday, December 27th. This represents a $4.04 annualized dividend and a dividend yield of 4.10%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.89%.
A number of research analysts have commented on CM shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $121.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Scotiabank reaffirmed a “hold” rating and issued a $128.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, November 22nd. Citigroup cut shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Wednesday, October 25th. Finally, Credit Suisse Group raised shares of Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $125.00 in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $114.00.
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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