FMP
Jun 20, 2022 11:04 PM - Davit Kirakosyan
RBC Capital analysts provided their review on Canadian Imperial Bank of Commerce (NYSE:CM) following its 2022 Investor Day, highlighting the fact that the company has a strategy that does not depend upon "home runs" and is largely driven by organic capital deployment.
The company increased its medium-term core EPS growth target to 7%-10% and core ROE target to over 16%. The company was previously targeting core EPS growth of 5%-10% and core ROE of over 15%. The company believes revenues can grow at a high-single-digit CAGR through 2025, reflecting some outperformance due to the investments it has made over the years.
The analysts expect revenue growth of 6.3% in 2023 and 6.5% in 2024 and expense growth of 4.8% in 2023 and 5.3% in 2024.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...