Canadian Imperial Bank http://www.so-l.ru/tags/show/canadian_imperial_bank Sun, 29 Mar 2020 15:35:36 +0300 <![CDATA[Квартальная прибыль Canadian Imperial Bank of Commerce не дотянула до прогнозов аналитиков]]> http://www.so-l.ru/news/y/2018_11_29_finam_ru_novosti_razvi_kvartalnaya_pri Thu, 29 Nov 2018 18:14:00 +0300 <![CDATA[Квартальная прибыль Canadian Imperial Bank of Commerce не дотянула до прогнозов аналитиков]]> http://www.so-l.ru/news/y/2018_11_29_kvartalnaya_pribil_canadian_imperial_ba Thu, 29 Nov 2018 18:13:46 +0300 <![CDATA[Canadian Imperial Bank (CM) Q4 Earnings Top Estimates]]> Canadian Imperial Bank (CM) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.32%. A quarter ago, it was expected that this bank and financial services company would post earnings of $2.22 per share when it actually produced earnings of $2.38, delivering a surprise of 7.21%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Canadian Imperial Bank, which belongs to the Zacks Banks - Foreign industry, posted revenues of $3.41 billion for the quarter ended October 2018, missing the Zacks Consensus Estimate by 1.32%. This compares to year-ago revenues of $3.42 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Canadian Imperial Bank shares have lost about 10.1% since the beginning of the year versus the S&P 500's gain of 2.6%.

What's Next for Canadian Imperial Bank?

While Canadian Imperial Bank has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Canadian Imperial Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.47 on $3.60 billion in revenues for the coming quarter and $9.60 on $14.19 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.


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http://www.so-l.ru/news/y/2018_11_29_canadian_imperial_bank_cm_q4_earnings Thu, 29 Nov 2018 15:30:03 +0300
<![CDATA[Canadian Imperial Bank declares CAD 1.36 dividend]]> http://www.so-l.ru/news/y/2018_08_23_canadian_imperial_bank_declares_cad_1_36 Thu, 29 Nov 2018 14:08:29 +0300 <![CDATA[Canadian Imperial Bank misses by C$0.04, misses on revenue]]> http://www.so-l.ru/news/y/2018_11_29_canadian_imperial_bank_misses_by_c_0_04 Thu, 29 Nov 2018 14:06:09 +0300 <![CDATA[Canadian Imperial Bank declares CAD 1.33 dividend]]> http://www.so-l.ru/news/y/2018_02_22_canadian_imperial_bank_declares_cad_1_33 Wed, 23 May 2018 13:40:01 +0300 <![CDATA[В Евразийском союзе набирает популярность идея о вытеснении доллара из торгового оборота]]> http://www.so-l.ru/news/y/2018_03_30_v_evraziyskom_soyuze_nabiraet_populyarnost Fri, 30 Mar 2018 14:27:04 +0300 <![CDATA[Цифровые технологии могут поменять мировую финансовую архитектуру]]> http://www.so-l.ru/news/y/2018_03_29_cifrovie_tehnologii_mogut_pomenyat_mirov Thu, 29 Mar 2018 22:15:00 +0300 <![CDATA[CM or TD: Which Canadian Bank Stock is a Better Choice?]]> With the U.S. stocks witnessing increased volatility, it’s time to take a look at foreign stocks. These companies, basically dependent on local economic growth, can provide a cushion against extreme volatility and offer solid returns.

So, today we are considering the Foreign Banks industry that seems to be attractive from an investment perspective. The industry carries a Zacks Industry Rank #88 (top 34% out of more than 250 Zacks industries). Our back-testing shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than two to one.

Not looking far off, we have picked up Canadian banks stocks that are worth betting on at present. Canada reported robust economic growth of 3.1% in 2017, having weathered the oil price slump of the past two years.

The growth momentum is expected to continue this year, though at a bit slower pace. This slow rate of growth is likely to be attributable to the NAFTA renegotiation uncertainty, housing market stress and high debt levels. Despite these lingering concerns, two interest rate hikes by the Bank of Canada in 2018, lower unemployment rate and stabilizing oil prices support the economic growth.

We are focusing on two major Canadian banks, Canadian Imperial Bank of Commerce CM and The Toronto-Dominion Bank TD.

Canadian Imperial Bank, with a market cap of $39 billion, provides a wide-range of financial products and services to individual, small business, commercial, corporate and institutional clients. On the other hand, Toronto-Dominion offers various retail and commercial banking products and services and has a market cap of $103 billion.

Canadian Imperial Bank sports a Zacks Rank #1 (Strong Buy) and Toronto-Dominion has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Let's take a closer look at how Canadian Imperial Bank and Toronto-Dominion are stacked up against each other in terms of certain key metrics.

Price Performance

Both the companies have outperformed the industry (down 0.9%) over the past six months. While shares of Canadian Imperial Bank have gained 1.4%, Toronto-Dominion has inched up 1.1%. So, Canadian Imperial Bank performs better than Toronto-Dominion.



Dividend Yield

Both the companies have been deploying capital in terms of dividend payments to enhance shareholder value. They are also raising dividends on a quarterly basis.

Canadian Imperial Bank has a current dividend yield of 4.74% while Toronto-Dominion has a dividend yield of 3.42%.

Although both the stocks’ dividend yield is better than the industry’s average of 3.18%, Canadian Imperial Bank has an edge over Toronto-Dominion here as well.



Leverage Ratio

Both Canadian Imperial Bank and Toronto-Dominion have lower debt-to-equity ratio compared with the industry average of 0.87. But Canadian Imperial Bank with a leverage ratio of 0.10 has an edge over Toronto-Dominion with the same of 0.11.

Volatility

To gauge the market risk of a particular stock, investors use beta. Stocks with beta above 1 are more volatile than the market as a whole. Conversely, a beta below 1 implies below average systematic risk. Canadian Imperial Bank has a beta of 1.13 while Toronto-Dominion’s beta is 0.93. Hence, Toronto-Dominion’s shares are therefore less volatile than that of Canadian Imperial Bank.

Return on Equity (ROE)

ROE is a measure of a company’s efficiency in utilizing shareholder’s funds. ROE for the trailing 12-months for Canadian Imperial Bank and Toronto-Dominion is 17.57% and 15.76%, respectively. While both stocks have scored above the industry’s level of 8.68%, Canadian Imperial Bank holds an edge here.



Earnings Estimate Revisions & Growth Projections

Canadian Imperial Bank has seen the Zacks Consensus Estimate for fiscal 2018 earnings remaining stable, over the last 30 days. On the other hand, the same for Toronto-Dominion has moved marginally upward for fiscal 2018, over the same time frame.

For Canadian Imperial Bank, the consensus estimate for earnings per share is pegged at $9.31 for fiscal 2018, representing year-over-year growth of 4.7%. The stock has a long-term expected earnings per share growth rate of 5.8%.

For Toronto-Dominion, the Zacks Consensus Estimate stands at $4.84 for fiscal 2018, reflecting a year-over-year increase of 14.2%. The stock has a long-term expected earnings per share growth rate of 10.5%.

This round is slightly biased toward Toronto-Dominion.

Sales Growth Projections

For Canadian Imperial Bank, the Zacks Consensus Estimate for sales is $14 billion for fiscal 2018, reflecting 12.1% rise from the prior year.

For Toronto-Dominion, the consensus estimate for sales stands at $28.3 billion, indicating growth of 2.4% year over year.

Therefore, Canadian Imperial Bank has an edge here as well.

Conclusion

Our comparative analysis indicates that Canadian Imperial Bank is poised better than Toronto-Dominion when considering price performance, dividend yield, leverage ratio, ROE and sales growth expectations. Toronto-Dominion wins on earnings growth projections and lower beta.

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http://www.so-l.ru/news/y/2018_03_27_cm_or_td_which_canadian_bank_stock_is_a Tue, 27 Mar 2018 15:56:00 +0300
<![CDATA[Canada ETFs in Spotlight as Rate Hike Odds Rise]]> Consumer prices in Canada beat analysts’ expectations last month, reaching the highest level since October 2014. Rising inflation and low unemployment have increased the odds of the Bank of Canada hiking borrowing costs faster than anticipated (read: How to Trade Canada ETFs on Populist Budget?).

Rising prices of crude, a major export for the commodity-dependent economy, drove inflation. Recently, increasing geopolitical risks involving Iran contributed to the rally in crude, as President Trump has been considering backing out from the Iran nuclear deal.

Into the Headlines     

Canada’s annual pace of inflation increased to 2.2% in February, the highest in more than three years and above the central bank’s 2% target, per Statistics Canada. Moreover, February’s reading was well above 1.7% reported in the prior month.

Core prices, which exclude volatile items like energy and food, increased at the highest pace since February 2012 to 2.03% this February. The common core increased to 1.9% from 1.8% in the prior month. The median rate climbed to 2.1% from 1.9% while the trim measure increased to 2.1% from 1.8%.

Although inflation numbers hint at chances of faster rate hikes by the Bank of Canada, there are some headwinds that policymakers may have to face before coming to a decision. Among the major concerns, retail sales grew a mere 0.3% in February compared with analyst expectations of 1.1%. Moreover, uncertainty surrounding the United States trade policy and NAFTA negotiations cloud the outlook on monetary policy decisions in the near future (read: Country ETFs to be Impacted by Trump's Tariff Plans).

"All told, today's data does create the risk that the Bank of Canada moves sooner, but with downside risks to the economic outlook still elevated, this summer remains most likely to see the next policy interest rate hike," per a CP24 article citing TD Bank senior economist James Marple.   

Canada’s central bank has hiked prime rates thrice since July 2017 even though it is fighting trade uncertainty with its neighbor — the United States. Following the inflation report, the Canadian dollar rallied and jumped to an 11-day high.

As a result, multiple economists expect the central bank to speed up rate hikes but hold on at least for the next few months. “The Bank has got a bit of a conundrum here. There is no doubt the inflation numbers are quite a bit stronger than I’d expected. The caveat however is you’ve got very soft growth indicators,” per a Reuters article citing Derek Holt, head of capital markets economics at Scotiabank.

Let us now discuss a few ETFs focused on providing exposure to Canadian equities (see all Canadian Equity ETFs here).

iShares MSCI Canada ETF EWC

This is one of the most popular funds offering exposure to Canada. It is a perfect bet for those who are bullish on the overall performance of Canadian large-cap firms.

The fund manages AUM of $2.6 billion and charges 49 basis points in fees every year. Financials, Energy and Basic Materials are the top three sectors of the fund, with 42.8%, 19.8% and 10.7% allocation, respectively. From an individual holdings perspective, the fund has high exposure to Royal Bank of Canada, Toronto Dominion Bank and Bank of Nova Scotia, with 8.5%, 8.0% and 5.6% allocation, respectively. It has returned 4.5% in a year. EWC has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.

SPDR MSCI Canada Strategic Factors ETF QCAN

This fund targets exposure to large-cap companies in Canada. It is an appropriate bet for those looking to gain exposure to Canadian equities but at the same time avoiding the inherent risks that small-cap investments bring.

The fund manages AUM of $40.0 million and charges 30 basis points in fees per year. Financials, Energy and Consumer Staples are the top three sectors of the fund, with 39.9%, 12.8% and 9.6% allocation, respectively. From an individual holdings perspective, the fund has high exposure to Royal Bank of Canada, Toronto Dominion Bank and Canadian Imperial Bank of Commerce, with 4.4%, 4.2% and 4.2% allocation, respectively. It has returned 6.3% in a year. QCAN has a Zacks ETF Rank #3, with a Medium risk outlook.

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http://www.so-l.ru/news/y/2018_03_26_canada_etfs_in_spotlight_as_rate_hike_od Mon, 26 Mar 2018 23:43:00 +0300
<![CDATA[Impact of Fed Rate Hike on Canada: 4 Stocks to Beat the Heat]]> As Fed Chair Jerome Powell hiked interest rates by 25 basis points, in line with broad-based market expectations and bullish economic sentiments, leading benchmark indices across the domestic market closed lower with investors bracing for more hikes in 2018. While the Dow Jones industrial average closed 44.96 points lower at 24,682.31, the S&P 500 slipped 0.2% to 2,711.93 and Nasdaq composite fell 0.3% to 7,345.29. The Canadian economy being closely integrated with its U.S. counterpart was largely anticipated to follow the suit. However, the Toronto Stock Exchange's S&P/TSX composite index, the leading index of the country, closed 58.92 points higher or 0.4% at 15,675.28 as energy stocks rallied on higher oil prices.

Let us dig a little deep as to how the Fed rate hike will impact the Canadian market.

The Canadian Economy

In 2017, Canada’s GDP was $1.76 trillion — less than one-tenth of the U.S. GDP of $19.3 trillion. Notably, about 90% of its total population lives within 100 miles of the U.S. border as the northern half remains out of bounds for much of the year due to intensely frozen climate. Much of the Canadian economy depends on the United States as it accounts for nearly three-fourth of its total exports. Moreover, Canada does not share any physical boundaries with any other country other than the United States, which makes shipping of goods to other markets highly expensive.

The country remains overtly reliant on oil exports as it owns the third largest oil reserves in the world at 173.1 billion barrels. Consequently, the country piled on huge debt as global oil prices plummeted from $100 to $25 a barrel in 2014. Although the central bank cut interest rates to stimulate the economy, the debt-to-GDP ratio remains significantly high at 92%.

Cascading Effect of Fed Rate Hike

The Bank of Canada devises its own economic policy separate from the U.S. Fed. However, historically the Canadian rates seldom stray far from those of its neighbor. The country remains exposed to ‘imported inflation’ as an improved outlook for higher wages and rising commodity prices in the United States will lead to higher raw material prices for Canadian products. This could eventually lead to higher retail prices and burden the exchequer.

Moreover, higher interest rates will attract more investors from Canada to its neighboring country, pushing the loonie down and thereby leading to higher inflation rate in the domestic market as imported foreign goods become dearer. The cascading effect could further spill over to the bond markets and Canadian financial firms could find it difficult to attract more foreign investments. If the central bank of the country finally hit the raise button for interest rates, Canadian borrowers might find it hard to adjust after decades of decline.

4 Top Canadian Picks to Bet on

Amid challenging macroeconomic conditions, investors could benefit if they consider investing in some top Canadian stocks that are backed by a solid Zacks Rank and healthy fundamentals.

CGI Group Inc. GIB: Headquartered in Montreal, CGI Group offers a plethora of information technology and business process services. These include portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services. This Zacks Rank #2 (Buy) stock has long-term earnings growth expectation of 9% and a VGM Score of B.

Canadian Imperial Bank of Commerce CM: Headquartered in Toronto, Canadian Imperial Bank of Commerce offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and globally. This Zacks Rank #1 (Strong Buy) has long-term earnings growth expectation of 5.8%. You can see the complete list of today’s Zacks #1 Rank stocks here. The stock surpassed estimates in the trailing four quarters, recording a positive average earnings surprise of 6.9%.

The Toronto-Dominion Bank TD: Headquartered in Toronto, The Toronto-Dominion Bank offers various personal and commercial banking products and services in Canada and the United States. These include savings and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; property and casualty insurance, as well as life and health insurance products. This Zacks Rank #2 stock has long-term earnings growth expectation of 10.5% and a positive average earnings surprise of 4.4% in the trailing four quarters, beating estimates thrice.

Just Energy Group Inc. JE: Based in Mississauga, Just Energy Group offers electricity, natural gas, and renewable energy solutions in the United States, Canada, the U.K., Ireland, Germany, and Japan. This Zacks Rank #2 stock has a VGM Score of A. The stock has a positive average earnings surprise of 173.1% in the trailing four quarters, beating estimates twice.

Moving Forward

As the equity markets appear quite shaky driven by a cross-border economic impact, a sneak peek at some outperformers backed by a solid Zacks Rank and healthy fundamentals could be a great idea for investors. These stocks seem to hold great promise for the future and are likely to reward shareholders generously.

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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http://www.so-l.ru/news/y/2018_03_22_impact_of_fed_rate_hike_on_canada_4_sto Thu, 22 Mar 2018 16:50:00 +0300
<![CDATA[Top Ranked Income Stocks to Buy for March 20th]]> Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 20th:

Canadian Imperial Bank of Commerce (CM): This diversified financial institution has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 4.71%, compared with the industry average of 2.16%. Its five-year average dividend yield is 4.51%.

Garmin Ltd. (GRMN): This scientific and technical instruments designer has witnessed the Zacks Consensus Estimate for its current year earnings rising 3% over the last 60 days.

Garmin Ltd. Price and Consensus

Garmin Ltd. Price and Consensus

Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 3.41%, compared with the industry average of 0.00%. Its five-year average dividend yield is 4.24%.

Garmin Ltd. Dividend Yield (TTM)

Garmin Ltd. Dividend Yield (TTM)

Garmin Ltd. dividend-yield-ttm | Garmin Ltd. Quote

Lloyds Banking Group plc (LYG): This banking and financial services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.68%, compared with the industry average of 2.16%. Its five-year average dividend yield is 1.74%.

See the full list of top ranked stocks here

Find more top income stocks with some of our great premium screens.

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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

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http://www.so-l.ru/news/y/2018_03_20_top_ranked_income_stocks_to_buy_for_marc Tue, 20 Mar 2018 17:08:00 +0300
<![CDATA[Why ICICI Bank (IBN) Could Be Positioned for a Slump]]> Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is ICICI Bank Limited IBN, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in IBN.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 44 cents a share a month ago to its current level of 41 cents.

Also, for the current quarter, ICICI Bank has seen one downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 8 cents a share from 10 cents over the past 30 days.  

The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.5% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Banks - Foreign industry, you may instead consider a better-ranked stock - Canadian Imperial Bank of Commerce CM. The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.

More Stock News: This Is Bigger than the iPhone!

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To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2018_03_19_why_icici_bank_ibn_could_be_positioned Mon, 19 Mar 2018 15:47:00 +0300
<![CDATA[Deutsche Bank Board Leaves 2017 Bonus, Total Pool of EUR 2 B]]> Deutsche Bank AG’s DB total bonus pool for 2017 is said to be over €2 billion, according to a Reuters report. This amount is significantly higher than €546 million paid in 2016 but, slightly less than €2.4 billion paid a year earlier.

To justify this compensation plan, the loss-making bank’s Chief Executive Officer, John Cryan said that this is a "one-off investment" that the firm is making to retain its employees.

However, after being criticized for paying large sums of money as wages, the top managers of the bank have decided to sacrifice their annual compensation for 2017.

Karl von Rohr, a board member of the bank told the news agency, Deutsche Presse-Agentur (DPA) that the sacrifice "isn't because we are of the opinion that we did a bad job. Rather, we considered it for the best that the board takes responsibility."

In January, Deutsche Bank was criticized as it planned to pay over €1 billion in bonuses, despite the fact that the one-off impact of the U.S. tax reform led the company to report a loss for the third consecutive year.

While Deutsche Bank is trying to bounce back through its various restructuring efforts, these huge payouts have annoyed German population as they believe that wealth is increasingly being concentrated in the hands of the super-rich.

Meanwhile, the bank has reaffirmed its target set in late 2015 to retrench 9,000 employees by the end of 2020.

The exact details of the compensation plan will be provided on Friday in the bank’s annual report.

Though Deutsche Bank’s restructuring efforts look encouraging, it is really difficult to determine how much the bank will gain, considering the prevailing headwinds.

Shares of Deutsche Bank declined 3.4% over the last six months on the NYSE, underperforming 5.1% growth recorded by the industry.

 

At present, Deutsche Bank carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Foreign Stocks to Consider

KB Financial Group Inc. KB has witnessed upward earnings estimates revision of 1.7% for the current year in the past 60 days. In twelve months’ time, the company’s share price was up 34.2%. It carries a Zacks Rank #2 (Buy).

ING Group, N.V.’s ING Zacks Consensus Estimate for the current year has been revised 7.8% upward over the last 60 days. Additionally, the stock moved up 16.2% over the past year. It currently carries a Zacks Rank of 2.

Canadian Imperial Bank of Commerce CM has witnessed upward estimates revision of 6% for the current fiscal year over the last 60 days. Its shares have risen nearly 4.1% in a year’s time. It also holds a Zacks Rank of 2 at present.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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http://www.so-l.ru/news/y/2018_03_13_deutsche_bank_board_leaves_2017_bonus_t Tue, 13 Mar 2018 20:41:00 +0300
<![CDATA[Deutsche Bank to Layoff 6,000 Jobs at Retail Unit by 2022]]> German banking giant Deutsche Bank AG DB is aimed at nearly 6,000 layoffs at the bank’s newly formed unit, by the end of 2022. This is likely part of the planned integration of the bank’s retail unit — Postbank — Bloomberg reported.

Per the source, negotiations with the bank’s labor representatives will decide the final count of layoffs. Further, more than 1,000 job cuts will take place annually through a voluntary program and normal retrenchment.

Background

Earlier in October 2017, Deutsche Bank and Postbank announced the realignment of their business with private and commercial clients, in which more than 20 million clients and €325 billion in client business volume will create a single entity. By the end of second-quarter 2018, a single legal entity will be formed after the completion of the merger, but two different brands will be maintained.

Post integration, considerable synergies will be reaped, including €900 million annually, by 2022. Notably, €1.9 billion will be spent in restructuring expenses and other investments, mainly in technology. Additionally, the cost-income ratio for this business is anticipated to be lowered to below 65% by 2022.

Notably, the planned layoffs at the retail unit will be over Deutsche Bank’s CEO John Cryan’s target set in late 2015, to retrench 9,000 employees at the bank by the end of 2020.

The past few years have been tough for this bank due to numerous litigations and regulatory proceedings in and outside Germany, unstable European economy at the time and the lender’s involvement in scandals. These factors adversely impacted profits, bringing the bank on the edge of a great fall.

Last November, Cryan announced his plans to reduce thousands of jobs by rolling out technology in the bank’s operations. Further, the CEO foresees scope for branch closures as he feels that customers’ preferences are shifting to digital banking, as they rarely turn up physically at the branches.

These restructuring initiatives are seen as an opportunity to manage costs which, in turn, will help counter the declining revenues. The bank had reported about 19% fall in revenues in its fourth-quarter 2017 results due to low client activity levels and interest rates, along with subdued volatility. Also, the quarter was particularly affected by strategic business disposals.

Notably, in December 2017, Deutsche Bank started a voluntary program with 1,000 layoffs. Employees are likely to give their acceptance to the terms of the plan by October this year.

Bottom Line

Though Deutsche Bank’s restructuring efforts look encouraging, it is really difficult to determine how much the bank will gain, considering the prevailing headwinds.

Shares of Deutsche Bank have declined 3.9% over the last six months on the NYSE, underperforming 4.7% growth recorded by the industry. At present, Deutsche Bank carries a Zacks Rank #5 (Strong Sell).



You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Foreign Stocks to Consider

KB Financial Group Inc KB has been witnessing upward estimate revisions for the past 30 days. In six months’ time, the company’s share price has been up more than 27%. It carries a Zacks Rank of 2 (Buy).

ING Group, N.V. ING has been witnessing upward estimate revisions for the past two months. Additionally, the stock moved up more than 14% over the past year. It currently carries a Zacks Rank of 2.

Canadian Imperial Bank of Commerce CM has been witnessing upward estimate revisions for the past month. Also, the company’s shares have risen nearly 4% in a year’s time. It also holds a Zacks Rank of 2, at present.

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To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2018_03_12_deutsche_bank_to_layoff_6_000_jobs_at_re Mon, 12 Mar 2018 17:20:00 +0300
<![CDATA[Frontrunning: March 2]]>
  • 'Trade wars are good, and easy to win': Trump (Reuters)
  • U.S. Allies Bristle at Trump Tariff Plan (WSJ)
  • The Biggest Problem With Trump’s Tariffs (BBG)
  • Trump’s Tariff Folly (WSJ)
  • Kushner’s Influence in West Wing Wanes After Key Allies Depart (BBG)
  • China's latest conglomerate crackdown casts dealmaking shadow (Reuters)
  • Bitcoin's Plunge in Volume Stirs Questions About Its Popularity (BBG)
  • Israeli police question Netanyahu over telecom case (AP)
  • News Corp. CEO Slams Facebook, Google for Not Sharing Enough Ad Revenue (BBG)
  • Jimmy Kimmel's mission impossible - Oscar host in midst of #MeToo (Reuters)
  • J.C. Penney profit forecast, same-store sales disappoint, shares dive (Reuters)
  • Italy's center-right leaders fret over 5-Star strength (Reuters)
  • Delta subjected to retribution in Georgia for crossing NRA (AP)
  • GM plants to cut 5,000 South Korean jobs, keep production at current level (Reuters)
  • Venezuelans Are Paying a 100% Premium for Cash (BBG)
  • Scaramucci Says He Fears John Kelly Will Thwart SkyBridge Sale (BBG)
  • Overnight Media Digest

    WSJ

    - An investing group said it reached a last-minute deal to acquire the assets of Weinstein Co on Thursday, potentially allowing the embattled movie studio to avoid a planned bankruptcy and laying the groundwork to settle government lawsuits stemming from allegations that former co-chairman Harvey Weinstein had engaged in sexual misconduct. on.wsj.com/2F8lR1F

    - President Donald Trump is likely to nominate Columbia University economist Richard Clarida to become vice chairman of the Federal Reserve Board. on.wsj.com/2F7rIUM

    - In a meeting Tuesday, members of the Committee on Foreign Investment in the U.S., debated whether the panel has the right to weigh in on Singapore-based Broadcom Ltd bid of $117 billion for Qualcomm Inc before a deal is struck. on.wsj.com/2F4zxL3

    - The Justice Department in late 2017 told Wells Fargo & Co to conduct an independent investigation of its wealth-management business after whistleblowers from the bank alleged sales problems to the agency, people familiar with the matter said. on.wsj.com/2F5F9EP

    - YouTube last year stopped hiring white and Asian males for technical positions because they didn't help the world's largest video site achieve its goals for improving diversity, according to a civil lawsuit filed by a former employee. on.wsj.com/2F7ThO3

     

    FT

    - An investor group led by former U.S. Obama administration official Maria Contreras-Sweet reached an agreement to buy most of the assets of The Weinstein Company.

    - British-based electronic components maker Laird Plc agreed to a 1 billion pound ($1.38 billion) takeover by U.S. buyout group Advent International.

    - Matt Hancock, Britain’s culture secretary, ruled out a fresh public inquiry into wrongdoing in the newspaper industry that would have been a follow-up to an investigation in 2011-12 into the conduct and culture of the British press.

    - National Grid Plc, issuing the first deficit warning in eight years, said that Britain may not have enough gas to meet demand as freezing temperatures hit across the country.

     

    NYT

    - After a meeting in the Oval Office, the National Rifle Association's top lobbyist Chris Cox said that U.S. President Donald Trump and Vice President Mike Pence "support strong due process and don't want gun control." nyti.ms/2oJuXLn

    - President Trump said on Thursday that he would impose stiff tariffs on imports of steel and aluminum, making good on a key campaign promise and rattling stock markets as the prospect of a global trade fight appeared imminent. nyti.ms/2F68X8e

    - Russian President Vladimir Putin threatened the West with a new generation of nuclear weapons on Thursday, including what he described as an "invincible" intercontinental cruise missile and a nuclear torpedo that could outsmart all American defenses. nyti.ms/2oHGjPS

    - A Justice Department review is expected to criticize former FBI deputy director Andrew McCabe for authorizing the disclosure of information about a continuing investigation to journalists, according to four people familiar with the inquiry. nyti.ms/2F8o8Kp

     

    Canada

    THE GLOBE AND MAIL
    ** An online protest against Mountain Equipment Co-op last weekend was a small one but it quickly led to a big decision: On Thursday, the outdoor-gear retailer cut ties with brands that make water bottles and stand-up paddleboards but are owned by a U.S. company that also sells assault rifles and ammunition. )(tgam.ca/2F5ENlz)

    ** Calgary-based Tervita Corp, which handles energy-industry waste as well as industrial contracts, is combining with Newalta Corp, which focuses on servicing heavy-oil clients, in an all-stock deal. (tgam.ca/2CSGJrV)

    ** Canadian Imperial Bank of Commerce has sent out a memo to its mortgage specialists that said, as of Feb. 1, it has ended its Foreign Income Program and will introduce more stringent requirements for foreign clients. (tgam.ca/2CShu90)

    NATIONAL POST
    ** U.S. President Donald Trump's threat to impose steep tariffs on steel and aluminum imports left Canadian companies in a cloud of uncertainty Thursday, jolting stock prices and leaving experts to parse how the punitive action might be enforced. (bit.ly/2CTaett)

     

    Britain

    The Times

    Siemens AG is to open Britain's third train manufacturing plant — if it wins multibillion-pound rolling stock orders for either HS2 or London Underground. bit.ly/2GVHkv6

    Streaming service Netflix Inc, which makes the Crown and Stranger Things, will be made available on Sky Plc's Sky Q boxes in the United Kingdom and Ireland within a year, before similar deals in territories including Germany, Austria and Italy. bit.ly/2F78ejb

    The Guardian

    The board of Carillion Plc dismissed a proposal that could have poured 218 million pounds ($300.30 million) into the government contractor's ailing pension scheme, believing a month before the company's collapse that they could still revive its fortunes. bit.ly/2GUFfzC

    National Grid Plc has warned that the United Kingdom would not have enough gas to meet public demand on Thursday, as temperatures plummeted and imports were affected by outages. bit.ly/2F884YO

    The Telegraph

    Rentokil Initial Plc has warned that any further decline in the value of the U.S. dollar could impact its profits by up to 4 percent in the coming year, as wider global instability threatens its growth. bit.ly/2F9mhog

    A chewing gum tax should be introduced to help pay to clean up British streets, the Local Government Association has said. bit.ly/2F4jjS1

    Sky News

    Alison Carnwath is to step down as chairwoman of the property giant Land Securities Group Plc, triggering a search for a successor to one of only a handful of women at the helm of a FTSE-100 board. bit.ly/2ozfe1U

    Environment Secretary Michael Gove's ministry will announce in the coming days that Ben Goldsmith, a businessman and brother of the former Conservative London mayoral candidate Zac Goldsmith, is to be one of five new non-executive directors, Sky News has learnt. bit.ly/2GXJrhV

    The Independent

    U.S. President Donald Trump has announced a swathe of new tariffs on steel and aluminium imports to the United States, in the latest protectionist demarche from the White House that will raise already heightened fears of a global trade war. ind.pn/2F690gx

    ]]>
    http://www.so-l.ru/news/y/2018_03_02_frontrunning_march_2 Fri, 02 Mar 2018 16:08:22 +0300
    <![CDATA[How to Trade Canada ETFs on Populist Budget?]]> Canada’s 2018 federal budget seems to be a gender-conscious budget, creating a clear path of actions to be taken by the Liberals ahead of the 2019 elections. “It is a plan that puts people first – that invests in Canadians and in the things that matter most to them,” Finance Minister Bill Morneau told the House of Commons in his budget speech.

    The Background

    At a time when Canada is plagued with concerns over its economic well-being and competition from the United States, Morneau’s budget did little to alleviate those concerns. Instead of convincing investors about why Canada remains an attractive investment destination, it was focused more on equality (read: Canada ETFs in Focus as Inflation Slows).

    Let’s face it, women comprise half the cabinet of Canada and also contribute a huge portion of votes to the Liberals. Per a CBC article, citing an opinion poll by Nanos Research, Liberals trail the Conservatives in support among men, 38% vs 33%. On the other hand, when it comes to women, Liberals lead 42% to 25%, enough to justify the measures adopted in the budget to maintain the status quo.

    The 367-page document has a gender narrative, titled “Equality Growth: A Strong Middle Class.’’ It focuses on equality and aims at increasing labor force participation rate among women. The government has introduced a net of C$20.3 billion in new measures net of taxes, through 2022, taking the deficit to C$18.1 billion in the fiscal beginning April 1, slightly below C$19.4 billion in the current period.

    More Into the Headlines    

    One of the highlights of the budget is pushing back infrastructure spending through 2019, as C$7.2 billion cut out from the landmark infrastructure plan will be reallocated to other departmental spending. The government plans to spend on infrastructure in the latter half of the fiscal. However, infrastructure being key to giving a boost to the country’s growth, it might have a negative impact on optimism among investors.

    Allocating C$187 million over the next five years, the government aims to deal with gender-based violence and sexual assault, while it plans to spend C$100 million on women’s groups and C$1.8 million to educate men on gender equality. Morneau’s budget also highlighted its aim to spend C$30 million to boost women’s participation in sport and an increase in excise taxes on tobacco products.

    The budget also aims at spending C$3.2 billion over five years for Canada’s science and research segment and C$2.6 billion over the same time period to encourage innovation and equality in the field.

    Another highlight was the government’s plan to reduce bond issuance in 2018-19 to C$115 billion, down 17% from the prior year. This is expected to bring down the debt to GDP ratio to 28.4% by 2022 from 30.4% in 2017-18, per a Bloomberg analysis.

    However, Canadian firms are worried about Morneau’s silence on how he plans to tackle President Donald Trump’s threats on taking a beat on Canada’s competitiveness. Businesses cited concerns over the future of NAFTA weighing on the economy’s outlook, as the protectionist stance of the Trump administration might weigh on Canada’s export-dependent economy (read: ETFs to Watch On NAFTA Talks).

    Let us now discuss a few ETFs focused on providing exposure to Canadian equities (see all Canadian Equity ETFs here).

    iShares MSCI Canada ETF EWC

    This is one of the most popular funds offering exposure to Canada. It is a perfect bet for those who are bullish on the overall performance of Canadian large-cap firms.

    The fund manages AUM of $3.0 billion and charges 49 basis points in fees per year. Financials, Energy and Basic Materials are the top three sectors of the fund, with 42.5%, 20.3% and 10.6% allocation, respectively (as of Feb 26, 2018). From an individual holdings perspective, the fund has high exposure to Royal Bank of Canada, Toronto Dominion Bank and Bank of Nova Scotia, with 8.5%, 7.8% and 5.4% allocation, respectively (as of Feb 26, 2018). It has returned 6.5% in a year. EWC has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.

    SPDR MSCI Canada Quality Mix ETF QCAN

    This fund targets exposure to large-cap companies in Canada. It is an appropriate bet for those looking to gain exposure to Canadian equities but at the same time avoiding the inherent risks that small-cap investments bring.

    The fund manages AUM of $41.5 million and charges 30 basis points in fees per year. Financials, Energy and Consumer Staples are the top three sectors of the fund, with 39.6%, 13.0% and 9.5% allocation, respectively (as of Feb 26, 2018). From an individual holdings perspective, the fund has high exposure to Royal Bank of Canada, Canadian Imperial Bank of Commerce and Toronto Dominion Bank, with 4.4%, 4.2% and 4.1% allocation, respectively (as of Feb 26, 2018). It has returned 9.5% in a year. QCAN has a Zacks ETF Rank #3, with a Medium risk outlook.

    Want key ETF info delivered straight to your inbox?

    Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>















     


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    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report]]>
    http://www.so-l.ru/news/y/2018_03_01_how_to_trade_canada_etfs_on_populist_bud Thu, 01 Mar 2018 01:45:00 +0300
    <![CDATA[Canadian Imperial Bank beats by C$0.35, beats on revenue]]> http://www.so-l.ru/news/y/2018_02_22_canadian_imperial_bank_beats_by_c_0_35 Thu, 22 Feb 2018 14:12:44 +0300 <![CDATA[Berkshire Hathaway (BRK.B) Q4 Earnings: What's In Store?]]> Berkshire Hathaway Inc. BRK.B is expected to report fourth-quarter 2017 results on Feb 23, after the market closes. The company’s poor earnings history shows that its bottom line missed estimates in the first three quarters of 2017.

    Let’s see, how things are shaping up for this announcement.

    Factors to be Considered This Quarter    

    Earnings at Berkshire Hathaway have possibly been aided by an improved performance across all segments. However, soft underwriting results at Insurance Operations segment due to cat loss are anticipated to have weighed on the company’s bottom-line improvement. In fact the Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.77, reflecting a noticeable slip of 0.6% from the year-ago quarter.

    Nonetheless, a compelling array of products is expected to have driven higher revenues at Insurance Operations.

    Results at Railroad, Utilities and Energy segments are projected to have benefited from higher contribution from both BNSF and Berkshire Hathaway Energy.

    Also, strategic acquisitions and investments are likely to have favored the company’s performance in the to-be-reported quarter.

    Earnings Whispers

    Our proven model does not conclusively show that Berkshire Hathaway is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as you will see below.

    Zacks ESP: Berkshire Hathaway has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.77. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

    Berkshire Hathaway Inc. Price and EPS Surprise

     

    Zacks Rank: Berkshire Hathaway carries a Zacks Rank #2, which increases the predictive power of ESP. However, a company’s 0.00% ESP makes surprise prediction difficult.

    We caution against all Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

    Stocks to Consider

    Some stocks worth considering from the finance sector with the right combination of elements to surpass estimates in the next releases are as follows:

    Bank of Montreal BMO is set to report fourth-quarter earnings on Feb 27 with an Earnings ESP of +0.60% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

    Canadian Imperial Bank of Commerce CM has an Earnings ESP of +0.88% and a Zacks Rank #3. The company is set to release third-quarter earnings on Feb 22.

    Eaton Vance Corporation EV has an Earnings ESP of +1.41%. This Zacks #2 Ranked player is set to announce third-quarter earnings on Feb 27.

    Today's Stocks from Zacks' Hottest Strategies

    It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

    And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

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    Bank Of Montreal (BMO): Free Stock Analysis Report
     
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    To read this article on Zacks.com click here.]]>
    http://www.so-l.ru/news/y/2018_02_21_berkshire_hathaway_brk_b_q4_earnings Wed, 21 Feb 2018 18:11:00 +0300
    <![CDATA[Should You Sell Canadian Imperial Bank (CM) Before Earnings?]]> Investors are always looking for stocks that are poised to beat at earnings season and Canadian Imperial Bank of Commerce CM may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

    That is because Canadian Imperial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for CM in this report.

    Analysts have very recently bumped up their estimates for CM, giving the stock a Zacks Earnings ESP of +0.74% heading into earnings season.

    Why is this Important?

    A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

    Given that CM has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

    Clearly, recent earnings estimate revisions suggest that good things are ahead for Canadian Imperial, and that a beat might be in the cards for the upcoming report.

    Today's Stocks from Zacks' Hottest Strategies

    It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

    And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

    See Them Free>>


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    Canadian Imperial Bank of Commerce (CM): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.
     
    Zacks Investment Research]]>
    http://www.so-l.ru/news/y/2018_02_21_should_you_sell_canadian_imperial_bank Wed, 21 Feb 2018 16:31:00 +0300
    <![CDATA[What's in Store for Barclays (BCS) This Earnings Season?]]> Barclays BCS is slated to announce fourth-quarter and 2017 results on Feb 22, before the opening bell. For the to-be-reported quarter, it is expected to record year-over-year growth in revenues and earnings.

    Encouraging investment banking performance, lower costs and a decline in credit impairment charges were the primary reasons for the improvement in last quarter’s results. However, fall in trading revenues and lower net interest income were the undermining factors.

    Activities of the company in the fourth quarter failed to win analysts’ confidence. As a result, the Zacks Consensus Estimate for earnings of 13 cents remained stable over the last seven days. Nevertheless, the figure reflects significant improvement on a year-over-year basis.

    The Zacks Consensus Estimate for sales is $6.6 billion for the to-be-reported quarter. The top line is expected to witness a rise of 6% from the prior-year quarter.

    Looking at the price performance, Barclays lost 0.9% in 2017, significantly underperforming the 22.4% rally of its industry.



    Factors at Play

    Investment banking to marginally support revenues: Driven by improving market conditions and potential of continued rise in interest rates in the future, the quarter witnessed a rise in debt issuance. Also, the quarter is likely to record a slight improvement in equity issuance despite seasonality. Strong rally in the equity markets worldwide might have propelled IPOs and follow-on offerings. So, both debt and equity underwriting fees for Barclays are projected to rise in the to-be-reported quarter.

    Further, with the overall improvement in the global M&A scenario, Barclays is expected to generate decent advisory fees.

    Rise in loan demand to support interest income: While a low interest rate environment across several major economies continue hampering interest income growth, increase in loan demand is likely to offset it to some extent.

    Cost saving efforts to support results: Barclays has been on a streamlining spree since the second half of 2016. It announced divestures of several non-core businesses. These initiatives are expected to improve the bank’s operating efficiency and trim costs. Nevertheless, legal and other regulatory expenses are bound to adversely affect its bottom line.

    In fact, management expects operating expenses (excluding litigation and conduct charges) to be in the range of £14.2-£14.3 billion in 2017. This is lower than £14.7 billion recorded in 2016.

    Trading weakness to hurt revenue growth: During the fourth quarter, trading environment was disappointing as markets experienced low volatility. Barclays’ trading income is likely to face fixed-income and equity trading slump. Further, the fall in trading revenues will mainly be due to comparison with the prior-year quarter that witnessed higher volatility following the U.S. Presidential election results.

    Rise in loan impairment charges: Loan impairment charges will continue to trend upward in the quarter as consistent global slowdown has led to deterioration in asset quality.

    Impact of U.S. tax reform: Following the passage of the U.S. tax act, Barclays’ executives noted that the corporate tax overhaul will hurt earnings in the fourth quarter. The bank is anticipated to record a one-time charge of £1 billion ($1.3 billion) in the to-be-reported quarter due to the write-down of deferred tax assets.

    Now, let’s check what our quantitative model predicts.

    According to our quantitative model, it cannot be conclusively predicted if Barclays will be able to beat the Zacks Consensus Estimate this time. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — for increasing the odds of an earnings beat.

    You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

    Zacks ESP: The Earnings ESP for Barclays is 0.00%.

    Zacks Rank: Barclays has a Zacks Rank #3, which increases the predictive power of ESP. However, we also need a positive ESP to be confident of an earnings beat.

    You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

    Earnings Schedule of Other Foreign Banks

    Canadian Imperial Bank of Commerce CM, Royal Bank of Canada RY and The Toronto-Dominion Bank TD are scheduled to announce results on Feb 22, Feb 23 and Mar 1, respectively.

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    Zacks Investment Research]]>
    http://www.so-l.ru/news/y/2018_02_20_what_s_in_store_for_barclays_bcs_this Tue, 20 Feb 2018 15:59:00 +0300