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 April 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

Core Viewpoint - The current exposure of banks to office loans is problematic, leading them to seek divestment even at discounted prices [1][4]. Group 1: Company Actions - Canadian Imperial Bank of Commerce (CM) has signed agreements to divest U.S.-based office loans valued at $316 million, backed by eight offices in cities like San Francisco and Seattle [1]. - CM is expected to announce its second-quarter fiscal 2024 results on May 30, which may include details about the loan sale [2]. - In the first quarter of fiscal 2024, CM reported a significant decline in earnings due to a 98% increase in provisions for credit losses [2]. Group 2: Industry Trends - The U.S. office vacancy rates are at record highs, contributing to financial difficulties for banks [4]. - Banks are reducing their exposure to commercial real estate (CRE) loans and are actively looking to sell loans to alleviate pressure on their portfolios [5]. - Regulatory scrutiny has increased for banks with CRE portfolios exceeding three times their capital or those that have grown by at least 50% in the past three years [5]. Group 3: Other Company Activities - WaFd, Inc (WAFD) has also entered an agreement to sell 2,000 commercial multi-family real estate loans to Bank of America for $2.9 billion, with an unpaid principal balance of $3.2 billion [6].

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Erste Group Bank AG (EBKDY) 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.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Canadian Imperial Bank (CM) , which belongs to the Zacks Banks - Foreign industry.This bank and financial services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.36%.For the last reported quarter, Canadian Imperial Bank ...

TORONTO, April 29, 2024 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) today announced an amendment to its CARDS II securitization program. Canadian Imperial Bank of Commerce and other parties to the CARDS II Trust credit card receivables securitization program have amended the program to allow revenue from Mastercard credit card accounts to be included in the securitization program, in addition to the Visa credit card accounts that are currently the only type of account in the securitization program. This is not ...

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Erste Group Bank AG (EBKDY) and Canadian Imperial Bank (CM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.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 Zacks Rank is a proven strategy that targe ...

MarsBars Canadian banks remain a great way for dividend investors to diversify their portfolio holdings, given their long sustained track records of uninterrupted shareholder returns. This compares favorably to many U.S. banks which had to cut or suspend their dividends during prior recessions such as the ones in 2008 and 2020. This brings me to Canadian Imperial Bank of Commerce (NYSE:CM), otherwise known as CIBC. CIBC has done well for its investors over the past year, having climbed out of slump driven b ...

Investors interested in Banks - Foreign stocks are likely familiar with Shinhan Financial (SHG) 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 Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies ...

Investors looking for stocks in the Banks - Foreign sector might want to consider either Shinhan Financial (SHG) or Canadian Imperial Bank (CM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, a ...

Canadian Imperial Bank (CM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indivi ...