|Bid||113.80 x 0|
|Ask||114.06 x 0|
|Day's Range||113.71 - 114.88|
|52 Week Range||99.51 - 125.21|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||9.78|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||5.44 (4.80%)|
|1y Target Est||126.21|
TORONTO , Feb. 21, 2019 /CNW/ - As many as seven in 10 (69 per cent) Canadian women make significant financial sacrifices including putting their careers on hold to care for loved ones, which can put them at a considerable disadvantage to men when it comes to saving for their retirement, a new CIBC study finds. In fact, almost 1 in 3 (30 per cent) women say they've reduced or stopped saving as a direct consequence of childcare or eldercare responsibilities.
Employment increased by 66,800 in January, Statistics Canada said Friday from Ottawa. Economists were forecasting only a 5,000 employment increase in January. Canada is currently in the middle of what economists believe is a temporary soft patch -- with growth hovering at around 1 percent.
Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country's top banking regulators said on Tuesday. The Office of the Superintendent of Financial Institutions, Canada's main financial regulator, introduced rules last January requiring banks to test borrowers' ability to repay mortgages at an interest rate 200 basis points above their contracted rate.
Canada will monitor the terms of a stress test designed to cut out risky mortgage lending in light of rising interest rates, one of the country's top banking regulators said on Tuesday. "We understand that we need to monitor the effects of the stress test and interest rate changes," Carolyn Rogers, Assistant Superintendent at the Office of the Superintendent of Financial Institutions (OSFI), said following a speech.
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TORONTO , Jan. 30, 2019 /CNW/ - A new CIBC poll finds that more than a quarter (27 per cent) of retired Canadians regret retiring and an almost equal number (23 percent) have tried re-entering the labour market. While 59 per cent choose to return to work for the intellectual stimulation, 50 per cent say it's financial concerns that have them hitting the pavement. The poll also revealed that half of all Canadians would rather keep working past age 65 than retire and endure a lower standard of living.
ST. LOUIS , Jan. 25, 2019 /PRNewswire/ - CIBC and Altus Properties today introduced CIBC Place, the new name for the multi-tenant building at 1401 S. Brentwood Blvd., in St. Louis , formerly known as Magna ...
In Brussels, the EU’s chief Brexit negotiator, Michel Barnier, has been talking about Ireland -- amid controversy over remarks on Tuesday from a European Commission spokesperson that there will be a hard border on the island if the U.K. leaves the bloc without a deal. Corbyn’s spokesman tells reporters at a briefing in Parliament that Labour is looking at “all mechanisms” to take no-deal off the table and will “engage seriously” with all options -- including Cooper’s proposal to extend the March 29 exit day deadline -- before deciding which to back.
# Canadian Imperial Bank of Commerce ### NYSE:CM View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is extremely low for CM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CM. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.75 billion over the last one-month into ETFs that hold CM are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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%.
Jed Hall, a former local KeyBank executive, has a track record of launching commercial lending operations in Boston.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...
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.