|Bid||106.85 x 0|
|Ask||106.96 x 0|
|Day's Range||105.86 - 106.99|
|52 Week Range||97.52 - 120.83|
|PE Ratio (TTM)||8.91|
|Earnings Date||Aug 24, 2017|
|Dividend & Yield||4.05 (4.79%)|
|1y Target Est||120.08|
CIBC launches new direct banking brand through Simplii Financial
TORONTO, Aug. 16, 2017 /CNW/ - CIBC (CM.TO) (CM) today announced plans to launch Simplii Financial™, a new direct banking brand for clients who want no-fee daily banking through online, mobile and telephone channels. "This is an exciting step as we continue to build a leading client-focused direct banking offer," said Mike Boluch, Executive Vice-President, Direct Banking, Innovation & Payments, CIBC.
Canadian Imperial Bank of Commerce and grocery chain Loblaw Cos. are ending their 19-year President’s Choice Financial partnership as the country’s fifth-largest lender starts its own digital bank.