Diverse Stocks in Expert’s Opinion: Canadian Imperial Bank of Commerce (NYSE:CM), CBS Corporation (NYSE:CBS)

Canadian Imperial Bank of Commerce (NYSE:CM) [Trend Analysis] luring active investment momentum, shares a gain 3.44% to $81.38. Canadian Imperial Bank of Commerce (CM) released that its fourth quarter attributable net income surged to $927 million from previous year’s $776 million. Eps were $2.32, higher than $1.93 a year ago. CIBC’s results for the fourth quarter of 2016 were affected by the following items of note aggregating to a negative impact of $0.28 per share:

Adjusted net income was $1.04 billion as compared to $952 million a year ago. Adjusted eps were $2.60 as compared with $2.36 for the fourth quarter a year ago. On average, 13 analysts polled by Thomson Reuters predictable earnings of $1.84 per share. Analysts’ anticipates typically exclude special items. The total volume of 5.06 Million shares held in the session was surprisingly higher than its average volume of 488.26 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 12.90%, and looking additional price to next year’s EPS is -0.92%. While take a short look on price to sales ratio, that was 3.67 and price to earnings ratio of 10.64 attracting passive investors.

Shares of CBS Corporation (NYSE:CBS) [Trend Analysis] runs in leading trade, it plunging -0.25% to traded at $60.57. The firm has price volatility of 1.49% for a week and 1.79% for a month. Its beta stands at 1.63 times. CBS Corp’s all access subscription-based streaming video service will offer live National Football League games startning on Sunday, CBS stated on Thursday. The contract covers all NFL games that air on CBS all through the rest of the current season and post-season, it stated in a statement.

The specific games that subscribers will have access to on Sundays depends on which game their local CBS station is carrying. Terms of the accord were not revealed by either CBS or the NFL. The accord covers all tablets and connected TV devices where CBS All Access is accessible . For mobile consumers, the games will be accessible only to subscribers who are also Verizon Communications Inc consumers, due to the telecom firm’s exclusive mobile rights accord with the NFL.

All Access costs subscribers $6 a month for live and on-demand content, though the lack of pro football has been cited by analysts as an impediment to expanding the platform. CBS is planning two TV series that will be exclusive to CBS All Access – a spinoff of “The Good Wife” and a new “Star Trek” series – as another way of boosting subscribers. Narrow down four to firm performance, its weekly performance was 0.93% and monthly performance was 8.49%. The stock price of CBS is moving up from its 20 days moving average with 2.91% and isolated positively from 50 days moving average with 7.22%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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