Group 1 - The Canadian Imperial Bank of Commerce (CM) is experiencing significant activity in the options market, particularly with the Dec 20, 2024 $30.00 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to either a rally or a sell-off [2] - Currently, Canadian Imperial Bank holds a Zacks Rank 3 (Hold) in the Banks - Foreign industry, which is in the top 33% of the Zacks Industry Rank, with recent earnings estimates slightly increasing from $1.28 to $1.29 per share [3] Group 2 - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with such volatility, aiming to benefit from the decay of options value [4]

Core Insights - Albert Anthony is a Croatian-American media personality and financial contributor, reaching over 1 million investors globally since 2023 [1] - His content on Seeking Alpha averages over 25,000 views monthly, focusing on stock analysis and dividend income portfolio building [1] - In addition to financial commentary, he has engaged in city council politics in Croatia and ran for Parliament in 2024 [1] Company and Industry Summary - Albert Anthony provides curated analysis of stocks trading on major US exchanges, emphasizing a forward-looking perspective on stock performance [1] - He has experience in financial services, having worked at Charles Schwab and completed certifications from various prestigious institutions [1] - His involvement in the Croatian Economic Association indicates a commitment to economic discourse and policy development [1]

Core Viewpoint - KB Financial (KB) and Canadian Imperial Bank (CM) are both strong candidates for value investors, with both holding a Zacks Rank of 1 (Strong Buy) indicating positive earnings outlooks [1] Group 1: Valuation Metrics - KB has a forward P/E ratio of 7.09, significantly lower than CM's forward P/E of 11.77, suggesting KB may be undervalued [2] - KB's PEG ratio is 0.46, while CM's PEG ratio is 1.90, indicating KB has a better growth-to-price ratio [2] - KB's P/B ratio stands at 0.65 compared to CM's P/B of 1.54, further supporting the notion that KB is a more attractive value option [2] Group 2: Value Grades - Based on the valuation metrics, KB earns a Value grade of B, while CM receives a Value grade of D, highlighting KB as the superior value investment at this time [3]

Core Viewpoint - Canadian Imperial Bank (CM) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that rising earnings estimates can lead to higher stock prices [4][6]. - For Canadian Imperial Bank, the earnings estimate for the fiscal year ending October 2024 is projected at $5.36 per share, reflecting a year-over-year increase of 7.6% [8]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Canadian Imperial Bank to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [10]. Analyst Sentiment - Analysts have consistently raised their earnings estimates for Canadian Imperial Bank, with a 6% increase in the Zacks Consensus Estimate over the past three months [8]. - The Zacks rating system maintains a balanced approach, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, reflecting superior earnings estimate revisions [9][10].

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Robinhood Markets, Inc. (HOOD) : This operator of a financial services platform has seen the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days. DXP Enterprises, Inc. (DXPE) : This company that engages in distributing maintenance, repair, and operating products, equipment, and services to industrial customers has seen the Zacks Consensus Estimate for its current year earnings increasing 12.7% ...

Group 1 - Southside Bancshares, Inc. (SBSI) has seen a 9.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 4.3%, significantly higher than the industry average of 0.7% [1] - Canadian Imperial Bank of Commerce (CM) has experienced a 6.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 4.3%, compared to the industry average of 3.9% [2] - PCB Bancorp (PCB) has recorded a 5.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, focusing on price changes and earnings estimate revisions [2] Group 2: Canadian Imperial Bank (CM) Performance - Canadian Imperial Bank currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Over the past week, CM shares increased by 0.37%, while the Zacks Banks - Foreign industry rose by 1.99% [5] - In the last quarter, CM shares rose by 29.74%, and over the past year, they increased by 53.89%, significantly outperforming the S&P 500's gains of 4.57% and 31.09% respectively [6] Group 3: Trading Volume and Earnings Outlook - CM's average 20-day trading volume is 1,548,275 shares, which is a bullish indicator when combined with rising stock prices [7] - In the past two months, 6 earnings estimates for CM have been revised upwards, increasing the consensus estimate from $5.05 to $5.36 [9] - The positive trend in earnings estimate revisions supports CM's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]

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 ...

Core Viewpoint - The Canadian Imperial Bank (CM) is identified as a strong growth stock with favorable growth prospects, supported by a solid Growth Score and Zacks Rank, making it a potential outperformer for growth investors [2][8]. Group 1: Earnings Growth - The historical EPS growth rate for Canadian Imperial Bank is 5.9%, but the projected EPS growth for this year is 7.5%, surpassing the industry average of 5.9% [4]. - Double-digit earnings growth is preferred by growth investors, indicating strong prospects and potential stock price gains [3]. Group 2: Asset Utilization Ratio - The asset utilization ratio (sales-to-total-assets ratio) for Canadian Imperial Bank is 0.06, indicating that the company generates $0.06 in sales for every dollar in assets, which is higher than the industry average of 0.05 [6]. - The company is also expected to achieve a sales growth of 9.1% this year, compared to the industry average of 0% [6]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Canadian Imperial Bank have been revised upward, with the Zacks Consensus Estimate increasing by 6% over the past month [7]. - A positive trend in earnings estimate revisions is correlated with near-term stock price movements, making this a favorable indicator for investors [7]. Group 4: Overall Assessment - Canadian Imperial Bank holds a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a solid choice for growth investors [8].

Group 1: Stock Performance - Canadian Imperial Bank's shares have increased by 18% over the past month, reaching a new 52-week high of $59.85 [1] - The stock has gained 24.1% since the beginning of the year, outperforming the Zacks Finance sector's 15.3% and the Zacks Banks - Foreign industry's 12.6% [1] Group 2: Earnings Performance - The bank has consistently exceeded earnings expectations, reporting EPS of $1.41 against a consensus estimate of $1.28 in its last earnings report [2] - For the current fiscal year, Canadian Imperial Bank is projected to achieve earnings of $5.36 per share on revenues of $18.87 billion, reflecting a 7.63% increase in EPS and a 9.14% increase in revenues [3] Group 3: Valuation Metrics - The stock trades at 11.2 times current fiscal year EPS estimates, above the peer industry average of 8.2 times [7] - The trailing cash flow basis shows the stock trading at 9.9 times compared to the peer group's average of 7.9 times, with a PEG ratio of 1.8 [7] Group 4: Zacks Rank and Style Scores - Canadian Imperial Bank holds a Zacks Rank of 2 (Buy) due to rising earnings estimates [8] - The stock has a Value Score of C, a Growth Score of B, and a Momentum Score of A, resulting in a combined VGM Score of B [6] Group 5: Industry Comparison - The Banks - Foreign industry is performing well, ranking in the top 13% of all industries, indicating favorable conditions for both Canadian Imperial Bank and its peer, Standard Chartered PLC [12] - Standard Chartered PLC has also shown strong performance, with a Zacks Rank of 2 (Buy) and earnings expected to be $1.68 per share on revenues of $19 billion for the current fiscal year [10][11]