- Reuters•4 hours ago
Canadian Imperial Bank of Commerce said on Thursday it would be "disciplined" in assessing whether to raise its C$3.8 billion ($2.9 billion) offer for Chicago-based PrivateBancorp and could buy back shares if the deal collapses. The bank announced what would be its biggest acquisition in June last year, but the plan has been in doubt since PrivateBancorp postponed a shareholder vote to approve it in December after some investors said they would reject the offer. CIBC is weighing its options ahead of a deadline in June and could decide to raise its offer or walk away.
- Associated Press•6 hours ago
The bank, based in Toronto, said it had earnings of $2.62 per share. Earnings, adjusted for non-recurring gains, were $2.17 per share. The results topped Wall Street expectations. The average estimate ...
- Reuters•8 hours ago
Canadian Imperial Bank of Commerce, Canada's fifth-biggest lender, on Thursday reported a 13 percent rise in quarterly earnings, beating market forecasts, helped by growth in its retail and capital markets businesses. Adjusted net income for the first quarter to Jan. 31 rose to C$1.17 billion ($889 million), or C$2.89 per share, after excluding one-off items such as restructuring charges and gains on the sale and leaseback of retail properties.
CM : Summary for Canadian Imperial Bank of Comme - Yahoo Finance
Canadian Imperial Bank of Commerce (CM)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||90.44 - 92.22|
|52 Week Range||64.85 - 92.22|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||11.14|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|