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5 Hold-Rated Dividend Stocks: EVEP, POM, MWE, CM, HTA

Canadian Imperial Bank of Commerce

Dividend Yield: 4.60%

Canadian Imperial Bank of Commerce (NYSE: CM) shares currently have a dividend yield of 4.60%.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individuals, small businesses, and commercial, corporate, and institutional clients in Canada and internationally. The company has a P/E ratio of 9.91.

The average volume for Canadian Imperial Bank of Commerce has been 160,000 shares per day over the past 30 days. Canadian Imperial Bank of Commerce has a market cap of $31.1 billion and is part of the banking industry. Shares are down 8.5% year-to-date as of the close of trading on Wednesday.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 0.8%. Since the same quarter one year prior, revenues slightly increased by 0.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • CANADIAN IMPERIAL BANK's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, CANADIAN IMPERIAL BANK increased its bottom line by earning $8.24 versus $7.85 in the prior year.
  • Net operating cash flow has declined marginally to $2,943.00 million or 6.45% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CANADIAN IMPERIAL BANK has marginally lower results.
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Commercial Banks industry average. The net income has decreased by 0.8% when compared to the same quarter one year ago, dropping from $850.00 million to $843.00 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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