I understand the &a;ldquo;I&a;rsquo;m worried so I&a;rsquo;m sitting in cash&a;rdquo; concern. And I know many investors who continue to sit on their money and hope for a big pullback. But wouldn&a;rsquo;t it be nicer to bank 32% total returns with 8%, 9% or even 10% or more of it coming as dividends?
My &l;i&g;Contrarian Income Report&l;/i&g; subscribers who smartly stayed with &l;b&g;Omega Healthcare Investors&l;/b&g; &a;ndash; a big paying REIT &a;ndash; have done much better than their scared cash hoarder friends, as well as the broader market in general. The year actually started inauspiciously as OHI announced a dividend &a;ldquo;freeze.&a;rdquo; The stock slipped. But a freeze isn&a;rsquo;t the same as a cut &a;ndash; and OHI&a;rsquo;s payout was well covered by its funds from operations (&a;ldquo;FFO&a;rdquo; &a;ndash; more on why this matters shortly).
Top 10 Bank Stocks To Own Right Now: Canadian Imperial Bank of Commerce(CM)
Advisors' Opinion:- [By Max Byerly]
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)
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- [By Motley Fool Transcribers]
Canadian Imperial Bank of Commerce (NYSE:CM)Q3 2018 Earnings Conference CallAug. 23, 2018, 8:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:
6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.
- [By Joseph Griffin]
Canadian Imperial Bank of Commerce (NYSE: CM) and Foreign Trade Bank of Latin America (NYSE:BLX) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, institutional ownership, risk and valuation.
Top 10 Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)
Advisors' Opinion:- [By Ethan Ryder]
HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.
- [By Max Byerly]
HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.
- [By Stephan Byrd]
Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.
- [By Joseph Griffin]
HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.
- [By Max Byerly]
Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.
- [By Max Byerly]
HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).
Top 10 Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Motley Fool Staff]
Wells Fargo (NYSE:WFC) is one of Berkshire Hathaway's (NYSE:BRK-A) (NYSE:BRK-B) largest stock investments, and according to Warren Buffett's comments at Berkshire's recent annual meeting, there's no reason to believe that will change soon.
- [By Shane Hupp]
Dupont Capital Management Corp trimmed its position in shares of Wells Fargo (NYSE:WFC) by 84.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,092 shares of the financial services provider’s stock after selling 163,405 shares during the period. Dupont Capital Management Corp’s holdings in Wells Fargo were worth $1,577,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Prudential Financial Inc. cut its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 11.4% during the first quarter, HoldingsChannel.com reports. The fund owned 9,940,464 shares of the financial services provider’s stock after selling 1,281,633 shares during the period. Wells Fargo & Co accounts for approximately 0.8% of Prudential Financial Inc.’s portfolio, making the stock its 15th largest position. Prudential Financial Inc.’s holdings in Wells Fargo & Co were worth $520,980,000 as of its most recent filing with the Securities & Exchange Commission.
- [By ]
After Wells Fargo's (NYSE: WFC) fake-accounts scandal was revealed in 2016, Buffett said that the bank remained a compelling long-term investment and that he had no plans to sell any of Berkshire's massive stake. At last year's meeting, Buffett reiterated that while the bank made a big mistake by incentivizing cross-selling, it still was a great company.
- [By Chris Lange]
Wells Fargo & Co. (NYSE: WFC) short interest shrank to 31.68 million shares from the previous reading of 35.77 million. Shares were trading at $52.10, within a 52-week range of $49.27 to $66.31.
- [By Logan Wallace]
Investors bought shares of Wells Fargo & Co (NYSE:WFC) on weakness during trading hours on Friday. $682.51 million flowed into the stock on the tick-up and $448.18 million flowed out of the stock on the tick-down, for a money net flow of $234.33 million into the stock. Of all stocks tracked, Wells Fargo & Co had the 27th highest net in-flow for the day. Wells Fargo & Co traded down ($0.56) for the day and closed at $54.99
Top 10 Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)
Advisors' Opinion:- [By ]
New York (AP) -- Demi Lovato has checked out of the hospital she was rushed to two weeks ago for a reported overdose.
A person close to Lovato said she was released from Cedars-Sinai Medical Center in Los Angeles over the weekend. The person spoke on the condition of anonymity because the person wasn't allowed to speak publicly about the topic.
- [By ]
This undated photo provided by Hyundai shows the 2018 Hyundai Ioniq Electric, an affordable electric car that gets 124 miles of range on a charge. (Hyundai North America via AP) (Photo: AP)
- [By ]
Las Vegas (AP) -- "Pawn Stars" patriarch, Richard Benjamin Harrison, who was known as "The Old Man," has died at age 77.
Gold & Silver Pawn's Facebook page posted Monday that Harrison was surrounded by "loving family" this past weekend and died peacefully.
- [By ]
Kraft Heinz disclosed it has received a subpoena from the SEC as part of an investigation into the company's procurement accounting policies. (Photo11: AP)
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