Mover inside Traders Radar: Canadian Imperial Bank of Commerce's (CM)
Mover inside Traders Radar: Canadian Imperial Bank of Commerce's (CM)
09 May, 2017, 23:59
The former comprises CIBC's personal, business banking and wealth businesses. The Company's Wealth Management segment provides advice and investment solutions. CIBC is headquartered in Toronto, Canada.
Other analysts also recently issued reports about the stock. Finally, Credit Suisse Group AG raised Canadian Imperial Bank of Commerce from an "underperform" rating to a "neutral" rating in a research note on Friday, March 31st. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company.
Canadian Imperial Bank of Commerce's P/E ratio now stands at 9.28, while the P/S ratio is at 3.61 and the potential growth rate of earnings per share this year is at 20.60%.
Canadian Imperial Bank of Commerce (NYSE:CM), from Financial sector has been on the upside of the performance spectrum. The firm's 50-day moving average is $113.35 and its 200 day moving average is $111.15. Taking a look into the performance of ARNC stock, investor will come to know that the weekly performance for this stock is valued at 0.11%, resulting in a performance for the month at 5.68%. Canadian Imperial Bank of Commerce has a 1-year low of $72.62 and a 1-year high of $92.22.
Canadian Imperial Bank of Commerce had its "mkt perform" rating reiterated by analysts at Keefe, Bruyette & Woods.
Canadian Imperial Bank of Commerce's sales for the past 5 years rolls at 0.10%, exhibiting an EPS growth from quarter-to-quarter at 43.40%.
08/26/2016 - Canadian Imperial Bank of Commerce had its "buy" rating reiterated by analysts at Desjardins. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.92 billion.
EPS growth for this year is 20.60% and EPS growth for next year is expected to reach at 2.22%.
Canadian Imperial Bank of Commerce on 12/01/2016 reported its EPS as $2.12 with the analysts projecting the EPS of the stock as $1.9.
The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Tuesday, March 28th will be paid a $0.9698 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $3.88 dividend on an annualized basis and a yield of 4.88%.
For the Current Quarter, the growth estimate for Canadian Imperial Bank of Commerce is 6.3%, while for the Next Quarter the stock growth estimate is -0.5%. Canadian Imperial Bank of Commerce's payout ratio is now 45.28%.
Canadian Imperial Bank of Commerce (NYSE:CM) last posted its quarterly earnings data on Thursday, February 23rd. If you are accessing this story on another publication, it was stolen and republished in violation of United States and worldwide trademark & copyright laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/05/09/canadian-imperial-bank-of-commerce-cm-rating-lowered-to-sell-at-zacks-investment-research.html. Beutel Goodman & Co Ltd. boosted its position in Canadian Imperial Bank of Commerce by 4.5% in the first quarter. 1832 Asset Management L.P. boosted its position in Canadian Imperial Bank of Commerce by 3.6% in the third quarter. The stock had a trading volume of 2,024,893 shares. Norges Bank acquired a new position in Canadian Imperial Bank of Commerce during the fourth quarter valued at approximately $308,826,000. The California-based Pacific Heights Asset Management Llc has invested 0.64% in the stock. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.87. Wetherby Asset Management Inc.'s holdings in Canadian Imperial Bank of Commerce were worth $522,000 as of its most recent filing with the SEC. Nexus Investment Management Inc. now owns 32,943 shares of the bank's stock valued at $2,836,000 after buying an additional 98 shares during the period. The Firm provides a range of financial services and products to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world.
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