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The Canadian Imperial Bank of Commerce (NYSE: CM) publishes quarterly results

Canada’s Imperial Bank of Commerce (NYSE: CM) (TSE: CM) released its quarterly earnings data Wednesday. The bank reported earnings per share of $ 3.58 for the quarter, beating the consensus estimate of $ 2.18 by $ 1.40, according to Fidelity Earnings. The Canadian Imperial Bank of Commerce had a net margin of 15.06% and a return on equity of 12.03%.

NYSE: CM stocks traded at $ 1.43 on Friday to hit $ 92.17. 568,839 company shares were exchanged, compared to an average volume of 382,175. The company has a market cap of $ 41.28 billion, a PE ratio of 15.19, a P / E / G ratio of 1.97, and a beta of 1.12. The company’s 50-day simple moving average is $ 88.63 and the company’s 200-day simple moving average is $ 82.12. The Canadian Imperial Bank of Commerce has a 12-month low of $ 46.45 and a 12-month high of $ 95.59. The company has a leverage ratio of 0.15, a current rate of 1.04, and a fast rate of 1.04.

The company recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. On Monday, March 29th, registered investors will be paid a dividend of $ 1.1669. This is a positive change from the Canadian Imperial Bank of Commerce’s previous quarterly dividend of $ 1.10. This equates to an annual dividend of $ 4.67 and a yield of 5.06%. The ex-dividend day is Friday March 26th. The payout ratio of the Canadian Imperial Bank of Commerce is 62.27%.

Several research analysts have commented on CM stocks. Credit Suisse Group raised its price target for shares in the Canadian Imperial Bank of Commerce from USD 105.00 to USD 108.00 and rated the company as “underperform” in a report on Friday, December 4th. BMO Capital Markets raised the shares of the Canadian Imperial Bank of Commerce from a “Market Perform” rating to an “Outperform” rating in a report on Friday. Canaccord Genuity confirmed a buy rating on shares in the Canadian Imperial Bank of Commerce in a report on Friday, December 4th. Barclays raised its target price on shares in the Canadian Imperial Bank of Commerce from $ 124.00 to $ 128.00 and rated the company as overweight in a report on Tuesday, February 16. Finally, TD Securities confirmed a buy rating on shares in the Canadian Imperial Bank of Commerce in a report on Friday. One equity research analyst has given the stock a sell rating, three have given the stock a hold rating, and nine have given the stock a buy rating. The company currently has an average rating of “Buy” and a consensus target of $ 108.03.

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I’m sure this will tempt many investors to dive back into the crypto market …

But let’s not forget … it wasn’t that long ago cryptos dropped 90% (or more) in just a few weeks …

And it could certainly happen again.

Via the Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce, a diversified financial institution, offers a variety of financial products and services to retail, business, public, and institutional clients in Canada, the United States, and internationally. The company operates in four strategic businesses: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US

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7 cloud computing stocks to take your portfolio to new heights

Cloud computing sounds complicated and has become more and more sophisticated over the years. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the provision of various services over the Internet. In the beginning, the cloud was used exclusively for data storage. Here is a simple example of why this was important.

Back when the internet was cutting its teeth, I was working in marketing communications. The need to adhere to Total Quality Control Systems (TQCS) for our largest customers meant we had to save every version of our files. Everyone. Single. One. Now imagine you are creating a 120-page product catalog with photos and diagrams. Your hard drive will burn just thinking about it. However, this “data” had to be stored somewhere. And so we had a virtual server farm to try and save all of those graphics-intensive (and memory-intensive) files until we could archive them.

Keep in mind that working remotely was a problem aside from the storage nightmare. You could copy a file from the server, but did you work on the correct file? I am sure at least one person reading this will remember this pain.

The cloud takes that away. With cloud computing, you can store files on a secure remote server that anyone can access wherever they have an internet connection. But it became so much more than that. Cloud computing now offers companies a platform on which to build applications and software. If this sounds confusing, I hope to simplify it in this presentation. To help you better understand which cloud computing stocks you’d like to add to your portfolio, we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.

Check out the “7 Cloud Computing Stocks To Take Your Portfolio To New Heights”.

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