|Bid||81.68 x 800|
|Ask||81.70 x 800|
|Day's Range||81.46 - 82.34|
|52 Week Range||72.96 - 99.53|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||9.31|
|Forward Dividend & Yield||3.99 (4.88%)|
|1y Target Est||98.31|
Patrick Bennett of CIBC says the U.S. dollar will come under pressure in the longer term because America's fiscal deficit will start to weigh on the currency. The impulse from the tax cuts and fiscal spending will also wane, he says.
Top North American companies to present at CIBC's 22nd Annual Whistler Institutional Investor Conference
TORONTO , Jan. 14, 2019 /CNW/ - CIBC (CM.TO) (CM) today announced that as a result of strong investor demand for its previously announced domestic public offering of Basel III-compliant Non-cumulative Rate Reset Class A Preferred Shares Series 49 (Non-Viability Contingent Capital (NVCC)) (the "Series 49 Shares"), the size of the offering has been increased to 13 million shares. The offering will be underwritten by a syndicate led by CIBC Capital Markets. The net proceeds from this transaction will be used for general purposes of CIBC.
TORONTO , Jan. 14, 2019 /CNW/ - CIBC (TSX/NYSE: CM) today announced that it had entered into an agreement with a group of underwriters led by CIBC Capital Markets for an issue of 10 million Basel III-compliant Non-cumulative Rate Reset Class A Preferred Shares Series 49 (Non-Viability Contingent Capital (NVCC)) (the "Series 49 Shares") priced at $25.00 per Series 49 Share to raise gross proceeds of $250 million . CIBC has granted the underwriters an option to purchase up to an additional 2 million Series 49 Shares at the same offering price, exercisable at any time up to two days prior to closing. Should the underwriters' option be fully exercised, the total gross proceeds of the financing will be $300 million . The Series 49 Shares will yield 5.20% per annum, payable quarterly, as and when declared by the Board of Directors of CIBC, for an initial period ending April 30 , 2024. On April 30, 2024 , and on April 30 every five years thereafter, the dividend rate will reset to be equal to the then current five-year Government of Canada bond yield plus 3.31%.
TORONTO , Jan. 10, 2019 /CNW/ - Following the close of Air Canada's acquisition of the Aeroplan loyalty business from Aimia Canada Inc., CIBC (CM:TSX) (CM:NYSE) confirmed today that it will be offering credit cards under Air Canada's new loyalty program which is expected to launch in 2020, allowing for a smooth transition for CIBC's Aeroplan cardholders to the new program. Air Canada also confirmed today that Aeroplan Members' Miles will be honoured on a one-to-one basis in Air Canada's new loyalty program.
TORONTO , Dec. 27, 2018 /CNW/ - A new CIBC poll finds paying down debt is the No. 1 financial priority for Canadians heading into 2019, the ninth consecutive year debt repayment has topped the annual survey. "Debt weighs heavily on Canadians, so it's no surprise that Canadians continue to put debt concerns at the top of their list of priorities each year.
If you look at all the stock markets in the world year to date through December 19, the average decline is 15% in U.S. dollars and 13.3% in local currency. It’s not exactly the poster child for economic prosperity at the moment, but given most economists believe Canada won’t have a recession in 2019, I’m going to suggest these seven Canadian stocks to buy in 2019.
DENVER , Dec. 20, 2018 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance after close of business on December 21, 2018 will result in no constituent additions or deletions ...
TORONTO , Dec. 18, 2018 /CNW/ - On December 5 , CIBC traders and investment advisors – together with clients, celebrities and partner charities - rallied to raise more than $5.7 million for children's charities as part of this year's CIBC Miracle Day. Every year on the first Wednesday in December, CIBC Capital Markets and Wood Gundy employees donate their fees and commissions to help kids around the world access vital support services and programs. "The incredible participation and support from our clients, team members and celebrities translates to helping thousands of kids," says Harry Culham , Senior Executive Vice-President and Group Head, Capital Markets, and Chair of the CIBC Children's Foundation.
Moody's has reviewed the following ABCP programs in conjunction with the proposed additions and amendments. At this time the additions and amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Media Advisory - Henrik and Daniel Sedin help raise millions in support of children's charities at 34th CIBC Miracle Day
Media Advisory - Hockey greats Owen Nolan, Jamie Macoun and Colin Patterson come together to help raise millions in support of children's charities at 34th CIBC Miracle Day
Canadian Imperial's (CM) fourth-quarter fiscal 2018 results reflect an improvement in revenues and a strong balance sheet. However, dismal fiscal 2019 earnings outlook hurts investors' sentiments.
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, two of Canada's biggest lenders, said on Wednesday that global economic uncertainty and trade tensions could hurt their performances next year. Executives at the banks, which also have large businesses in the United States, were speaking after CIBC reported fourth-quarter earnings that missed market forecasts for the first time in four years while TD marginally beat analysts forecasts. Shares in CIBC were down 3.7 percent in mid-afternoon trading with TD shares down 0.7 percent.
Canadian Imperial Bank (CM) delivered earnings and revenue surprises of 1.32% and -1.32%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Canadian Imperial Bank of Commerce on Thursday reported an 8 percent increase in fourth-quarter earnings, helped by growth at its retail banking and wealth management divisions. Canada's fifth biggest ...
TORONTO , Nov. 26, 2018 /CNW/ - CIBC (CM:TSX) (CM:NYSE) confirmed today that it has signed agreements with Air Canada securing its participation in Air Canada's new loyalty program, conditional upon completion of Air Canada's acquisition of the Aeroplan loyalty business. The agreements will enable CIBC to offer credit cards under Air Canada's new loyalty program which is expected to launch in 2020, and will allow for a smooth transition for CIBC's Aeroplan cardholders to the new program.
Canadian Imperial Bank (CM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.