|Bid||109.08 x 0|
|Ask||109.30 x 0|
|Day's Range||107.95 - 109.36|
|52 Week Range||99.51 - 125.21|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||9.66|
|Earnings Date||May 21, 2019 - May 27, 2019|
|Forward Dividend & Yield||5.60 (5.12%)|
|1y Target Est||124.43|
Statistics Canada reported a small uptick in inflation from 15-month lows, to 1.5 percent, but those numbers are still well below the Bank of Canada’s 2 percent target. A separate report showed retail sales unexpectedly declined in January, reinforcing concerns about consumers paring back. The numbers suggest a relatively soft picture for an economy in the middle of a slowdown, with enough slack to limit any price pressures that could be a source of concern for the Bank of Canada.
Media Advisory - CIBC's Jon Hountalas to Speak at the National Bank Financial 17th Annual Canadian Financial Services Conference
Canadian Imperial Bank of Commerce NYSE:CMView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort 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 flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CM are favorable, with net inflows of $2.99 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS 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.
A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits ...
Every investor in Canadian Imperial Bank of Commerce (TSE:CM) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while hugeRead More...
DENVER, CO , March 12, 2019 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance following close of business on March 15, 2019 will result in changes to the CIBC Atlas Clean ...
CIBC's 2018 Corporate Responsibility Report and Public Accountability Statement now available
Exports dropped 20.7 percent in February, the biggest plunge since February 2016. Like this year, the 2016 week-long Lunar New Year holiday fell earlier in the month than it had the previous year, meaning orders ramped up in January to beat factory closures. The sluggish start to the year is a stark reminder for U.S. and Chinese negotiators how much is at stake for the global economy as they try to cool their trade war.
TORONTO , March 7, 2019 /CNW/ - CIBC (CM.TO) (CM) President and CEO Victor G. Dodig today announced that effective April 1, 2019 , the bank is moving forward with the planned leadership transition for its US business. "Since the acquisition of The PrivateBank in 2017, our US Commercial Banking and Wealth Management business has performed very well and has reached a milestone of becoming accretive to earnings more than a year ahead of schedule," said Mr. Dodig. In his new capacity, he will continue to play a key role in developing and maintaining client relationships to ensure ongoing partnership and business generation.
TORONTO , March 4, 2019 /CNW/ - Women are controlling a rising amount of wealth giving them increasing influence and control over the Canadian economy finds a new report from CIBC Capital Markets noting that this trend is going to continue. "More needs to be done in order to fully utilize women's economic might, but the direction is clear," says the report, The Changing Landscape of Women's Wealth, by CIBC Capital Markets economists Benjamin Tal and Katherine Judge . With more women working and earning higher incomes, the historical structure of women's wealth has fundamentally changed and will only continue to grow.
The country’s economy grew by just 0.1 percent in the fourth quarter, for an annualized pace of 0.4 percent, Statistics Canada said Friday from Ottawa. Consumption spending grew at the slowest pace in almost four years, housing fell by the most in a decade, business investment dropped sharply for a second straight quarter, and domestic demand posted its largest decline since 2015. “The ‘R’ word will be on minds as Canada’s economy barely skirted the start of a recession in Q4,” Avery Shenfeld, chief economist at CIBC Capital Markets, said in a note to investors.
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, two of Canada's biggest lenders, reported first-quarter earnings on Thursday that fell short of analysts' forecasts, hurt by weakness in their capital markets businesses. Shares in CIBC, which are up 13 percent so far this year, were down 1 percent. Profit at TD, Canada's second-biggest lender, was hurt by losses at its wholesale banking division while CIBC, the country's fifth-biggest lender, saw earnings decline in personal and small-business banking as well as capital markets.
Futures pointed to a lower opening for Canada's main stock index on Thursday as U.S. President Donald Trump walked away from a nuclear deal at a summit with North Korea. The summit in Vietnam ended abruptly ...
Canadian Imperial Bank of Commerce, Canada's fifth biggest-lender, on Thursday reported a bigger-than-expected decline in first-quarter earnings, reflecting slower growth at its domestic business. The ...
The decline pared earnings in CIBC’s capital-markets business by 38 percent, contributing to an 11 percent decline in overall profit for the first quarter to miss analysts’ estimates. CIBC’s struggles were similar to those at Canada’s other large lenders, including Royal Bank of Canada, Bank of Nova Scotia and Bank of Montreal, all of which posted earnings declines in their capital-markets divisions in a period executives described as challenging with significant market volatility.