Canadian Imperial Bank of Commerce’s (CM) first-quarter fiscal 2024 (ended Jan 31) adjusted earnings per share of C$1.81 declined 7% from the prior-year quarter.Results were adversely impacted by a significant rise in provisions and a decline in loan balance. However, a rise in revenues, lower expenses and a strong balance sheet position aided it. These positives seem to have cheered investors, as the CM stock gained 2.2% following the release.After considering several non-recurring items, net income was C$ ...

Canadian Imperial Bank of Commerce (NYSE:CM) Q1 2024 Earnings Conference Call February 29, 2024 7:30 AM ET Company Participants Geoff Weiss - Senior Vice President, Investor Relations Victor Dodig - President & Chief Executive Officer Hratch Panossian - Chief Financial Officer Frank Guse - Chief Risk Officer Jon Hountalas - Senior Executive Vice President & Group Head, Canadian Banking Harry Culham - Senior Executive Vice-President & Group Head, Capital Markets Shawn Beber - Senior Executive Vice-President ...

Report of the President and Chief Executive Officer | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|------------------|------------------|------------------|--------------|--------------| | | Q1/24 | Q1/23 (1) | Q4/23 (1) | YoY Variance | QoQ Variance | | Revenue | $6,221 million | $5,929 million | $5,847 million | +5% | +6% | | Reported Net Income | $1,728 million | $433 million | $1,485 million | +299% | +16% | | Adjusted Net In ...

The market expects Canadian Imperial Bank (CM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 29, 2024, might help the stock move higher if these key ...

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Deutsche Bank (DB) and Canadian Imperial Bank (CM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Sco ...

After registering significant gains in 2023, major bourses climbed northward in January, with the Dow breezing past the 38,000 mark and the S&P 500 entering a bull market. For January, the Dow and the S&P 500 gained 2.1% and 3.3%, respectively. The tech-laden Nasdaq also posted a healthy gain of 3.3%, per FactSet data.Last month, stocks gained momentum as fears of a looming recession were squashed by strong economic growth in the final quarter of 2023. The U.S. economy expanded at an annualized rate of 3.3% ...

Investors interested in Banks - Foreign stocks are likely familiar with Deutsche Bank (DB) and Canadian Imperial Bank (CM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revisi ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 24:Canadian Imperial Bank of Commerce (CM) : This company which provides various financial products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.7%, compared with the industry average of 4.1%.Owens Corning (OC) : This building materials company has witnessed the Zacks Consens ...

Canadian Imperial Bank of Commerce (NYSE:CM) Q4 2023 Earnings Call Transcript November 30, 2023 7:30 AM ET Company Participants Geoff Weiss - SVP, IR Victor Dodig - President & CEO Hratch Panossian - CFO Frank Guse - CRO Conference Call Participants Doug Young - Desjardins Capital Markets Ebrahim Poonawala - Bank of America Gabriel Dechaine - National Bank Financial Meny Grauman - Scotiabank Darko Mihelic - RBC Capital Markets Lemar Persaud - Cormark Securities Sohrab Movahedi - BMO Capital Markets Nigel D’ ...

Endnotes are included on slides 58 to 66. | --- | --- | --- | --- | |------------------------------------------------------------------------------------|--------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------| | | | | | | | | | | | Mass Affluent & Private Wealth Franchise | Digital Banking Solutions | Highly Connected Franchise ...