Latest news with #CanadianBankofCommerce
Business Insider
3 days ago
- Business
- Business Insider
Canadian Bank of Commerce (CM) Gets a Buy from Bank of America Securities
Bank of America Securities analyst Ebrahim Poonawala maintained a Buy rating on Canadian Bank of Commerce (CM – Research Report) on May 29 and set a price target of C$101.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Canadian Bank of Commerce also received a Buy from Desjardins's Douglas Young in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Canadian Bank of Commerce (NYSE: CM). Based on Canadian Bank of Commerce's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $7.25 billion and a net profit of $2.16 billion. In comparison, last year the company earned a revenue of $6.21 billion and had a net profit of $1.72 billion Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Keeps Their Hold Rating on Canadian Bank of Commerce (CM)
Jefferies analyst John Aiken maintained a Hold rating on Canadian Bank of Commerce (CM – Research Report) yesterday and set a price target of C$94.00. Confident Investing Starts Here: Aiken covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Great-West Lifeco. According to TipRanks, Aiken has an average return of 0.0% and a 51.19% success rate on recommended stocks. In addition to Jefferies, Canadian Bank of Commerce also received a Hold from National Bank's Gabriel Dechaine in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Canadian Bank of Commerce (NYSE: CM). The company has a one-year high of $69.88 and a one-year low of $46.99. Currently, Canadian Bank of Commerce has an average volume of 1.17M. Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
