Canadian Imperial Bank of Commerce (CM) Getting Very Critical News Coverage, InfoTrie Reports

Media stories about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending very negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of -3.33 on their scale. InfoTrie also gave media stories about the bank an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

CM has been the topic of several research analyst reports. Barclays reaffirmed an “average” rating and set a $123.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Friday, March 1st. Canaccord Genuity reaffirmed an “average” rating and set a $125.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, February 20th. ValuEngine raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Scotiabank reiterated an “average” rating and set a $126.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, February 22nd. Finally, Zacks Investment Research lowered shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.43.

Shares of NYSE:CM traded down $0.14 during trading hours on Friday, hitting $82.96. The stock had a trading volume of 283,709 shares, compared to its average volume of 504,036. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $36.85 billion, a P/E ratio of 8.88, a PEG ratio of 4.92 and a beta of 1.14. Canadian Imperial Bank of Commerce has a 1-year low of $72.96 and a 1-year high of $96.98.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings data on Thursday, February 28th. The bank reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.11). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.51 billion. Canadian Imperial Bank of Commerce had a net margin of 19.44% and a return on equity of 16.70%. Analysts predict that Canadian Imperial Bank of Commerce will post 9.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $1.0616 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.25 dividend on an annualized basis and a yield of 5.12%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 45.50%.

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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 personal, business, public sector, 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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