Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is important to screen through to see if there are any worthwhile investments to explore. They are stocks that provide growing wealth ...

Investment Thesis: I revise my rating on Canadian Imperial Bank of Commerce (NYSE:CM) from Hold to Buy. In a previous article back in May 2023, I made the argument that the Canadian Imperial Bank of Commerce could see pressure on growth given a decline in trading revenues leading to lower net income overall. However, we see that the stock is up by just over 15% since my last article: TradingView.com Performance CIBC Q2 2024 Financial Highlights CIBC Q2 2024 Financial Highlights Calculations made by author u ...

Canadian Imperial Bank of Commerce (NYSE:CM) Q2 2024 Earnings Conference Call May 30, 2024 7:30 AM ET Company Participants Geoff Weiss - Senior Vice President, Investor Relations Victor Dodig - President & Chief Executive Officer Robert Sedran - Senior Executive Vice-President and Chief Financial Officer Hratch Panossian - Senior Executive Vice-President and Head of Personal and Business Banking, Canada Frank Guse - Chief Risk Officer Jon Hountalas - Senior Executive Vice President & Group Head, Canadian Ba ...

Key Takeaways CIBC's capital markets division also grew its income by 13% from last year thanks to higher revenue from its investment banking and global markets businesses. CIBC's total assets crossed the C$1 trillion mark in the quarter, with deposits rising to C$732 billion from last year's C$723.4 billion. Dividend Announcements, Changes CIBC also declared its quarterly dividend of C$0.90 Thursday, with payments set to be paid out July 29 to shareholders of record on June 28. Shares of the Canadian Imper ...

Canadian Imperial Bank (CM) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.74%. A quarter ago, it was expected that this bank and financial services company would post earnings of $1.24 per share when it actually produced earnings of $1.34, delivering a surprise of 8.06%. Over the ...

We adjust our reported revenue and non-interest expenses to remove the impact of items of note. Commencing the first quarter of 2024, we no longer gross up tax-exempt revenue to bring it to a TEB for the application of this ratio to our consolidated results. Prior period amounts have been restated to conform with the change in presentation adopted in the first quarter of 2024. Adjusted dividend payout ratio We adjust our reported net income attributable to common shareholders to remove the impact of items o ...

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 ...