Canadian Imperial Bank of Commerce (NYSE:CM) Given Daily Media Impact Rating of 0.52
Press coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has been trending very positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 coverage optimism score of 0.52 on Accern’s scale. Accern also gave media stories about the bank an impact score of 48.3303205621934 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Canadian Imperial Bank of Commerce (CM) opened at 84.59 on Tuesday. The firm has a market capitalization of $33.97 billion, a PE ratio of 8.84 and a beta of 1.09. Canadian Imperial Bank of Commerce has a 12 month low of $72.62 and a 12 month high of $92.22. The firm’s 50 day moving average is $84.33 and its 200-day moving average is $84.01.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th were paid a dividend of $0.9406 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Monday, June 26th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 41.18%.
CM has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. National Bank Financial restated an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 18th. BidaskClub upgraded shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Canaccord Genuity started coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $100.63.
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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