Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 12: MPLX LP (MPLX) : This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% the last 60 days. This Zacks Rank #1 company has a dividend yield of 8%, compared with the industry average of 4.3%. Southside Bancshares, Inc. (SBSI) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increas ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks w ...

Have you been paying attention to shares of Canadian Imperial Bank (CM) ? Shares have been on the move with the stock up 18% over the past month. The stock hit a new 52-week high of $59.85 in the previous session. Canadian Imperial Bank has gained 24.1% since the start of the year compared to the 15.3% move for the Zacks Finance sector and the 12.6% return for the Zacks Banks - Foreign industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't miss ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Shares of Canadian Imperial Bank of Commerce (CM) gained 5.5% following the release of its third-quarter fiscal 2024 (ended July 30) results. Adjusted earnings per share of C$1.93 increased 27% from the prior-year quarter. Results benefited from an improvement in revenues and lower provisions. Also, loans and deposit balances increased in the quarter. However, higher expenses were an undermining factor. After considering non-recurring items, net income was C$1.8 billion ($1.31 billion), reflecting a 25% yea ...

jetcityimage/iStock Editorial via Getty Images Data by YCharts Canadian Imperial Bank of Commerce (NYSE:CM) ("CIBC") has had a solid enough 2024 so far. Stalling net interest income and rising expenses - both operating and credit-linked - have been sources of concern here, but the bank has largely taken these in stride, helped by robust fee income generation. Its stock has also been among the better performing 'Big Six' Canadian banks this year, returning around 18% (with dividends) at the time of writing. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Canadian Imperial Bank of Commerce (NYSE:CM) Q3 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Geoff Weiss - Senior Vice President, Investor Relations Victor Dodig - President and Chief Executive Officer Robert Sedran - Senior Executive Vice-President and Chief Financial Officer Frank Guse - Chief Risk Officer Hratch Panossian - Senior Executive Vice-President and Head of Personal and Business Banking, Canada Jon Hountalas - Senior Executive Vice President & Group Head, Canadi ...

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.16%. A quarter ago, it was expected that this bank and financial services company would post earnings of $1.22 per share when it actually produced earnings of $1.29, delivering a surprise of 5.74%. Over th ...

Report to Shareholders for the Third Quarter, 2024 www.cibc.com August 29, 2024 Report of the President and Chief Executive Officer Overview of results CIBC today announced its financial results for the third quarter ended July 31, 2024. Third quarter highlights Results for the third quarter of 2024 were affected by the following items of note aggregating to a negative impact of $0.11 per share: • $88 million charge to income tax related to the enactment of a Federal tax measure that denies the dividends re ...