|Bid||107.18 x 0|
|Ask||107.19 x 0|
|Day's Range||107.10 - 110.76|
|52 Week Range||99.51 - 125.21|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||9.49|
|Earnings Date||May 22, 2019|
|Forward Dividend & Yield||5.60 (4.96%)|
|1y Target Est||124.43|
CIBC is now seeing a contraction of its domestic mortgage book for the second straight quarter, with C$201 billion ($150 billion) in balances, down 1% from a year ago, as prices in once-hot markets such as Vancouver cool and tighter lending criteria affect borrowers. Key InsightsThree “big” non-performing commercial and corporate loans in different industries were blamed by CIBC executives for a spike in provisions in the fiscal first quarter. Provisions for the second quarter were C$255 million, compared with C$338 million in the previous three months and C$212 million a year earlier.National Bank of Canada analyst Gabriel Dechaine highlighted CIBC’s “unusual” mortgage trends in a May 12 note that suggested the bank should target more consistent growth patterns in this key area.
Canadian Imperial Bank of Commerce reported a marginal rise in adjusted quarterly profit on Wednesday, as higher expenses and loan loss provisions in retail banking offset gains in the bank's capital markets ...
TORONTO , May 22, 2019 /CNW/ - CIBC (TSX/NYSE: CM) today announced its intention to seek Toronto Stock Exchange (TSX) approval for a normal course issuer bid. Purchases of common shares for cancellation will be made subject to CIBC's ongoing capital requirements. Such purchases will not exceed nine million common shares, or approximately 2% of its outstanding common shares over a 12 month period.
DENVER, May 14, 2019 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that registration is open for the 24th annual edition of its popular The Oil & Gas Conference® in Denver, Colo. Conference Details: The Oil & Gas Conference® 24 offers investment professionals the opportunity to listen to senior management teams in the oil and gas industry present operational and financial strategies and to gain exposure to important energy topics affecting the global oil and gas industry.
TORONTO , May 13, 2019 /CNW/ - CIBC (CM) (CM) today unveiled a first-of-its-kind banking platform in Canada designed to help small and medium-sized businesses run and grow their companies. Called CIBC SmartBanking™ for Business, this digital solution gives business owners a comprehensive view of their company's finances, including accounting and payroll insights, and makes it easier to manage their business.
Canadian Imperial Bank of Commerce NYSE:CMView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CM totaled $1.64 billion. Additionally, the rate of outflows appears to be accelerating. 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.
TORONTO , April 25, 2019 /CNW/ - CIBC (CM) (CM) – CIBC Asset Management Inc., announced today its intention to terminate the Renaissance Global Resource Fund (the "Fund") on or about October 18, 2019 (the "Termination Date"). CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management.
As a CA$49b market capitalisation bank, Canadian Imperial Bank of Commerce (TSE:CM) is well-positioned to benefit from the improving credit quality as a result of post-GFC recovery. Growth stimulates demand for loans and impacts a...
TORONTO , April 25, 2019 /CNW/ - CIBC (CM) (CM) is eliminating transfer fees for businesses sending money overseas, giving them a competitive edge by making it easier and faster to do business in more than 75 countries around the world. Transfers made through CIBC's innovative Global Money Transfer platform, will reach recipients in most countries within one business day, and can be sent from a client's mobile device. "We live in a connected world where business is increasingly global, and success depends on speed and efficiency," said Andrew Turnbull , Senior Vice-President, Business Banking, CIBC.
The franc is headed for its worst month in almost two years, bringing relief to Swiss policy makers seeking a weaker currency in their quest to revive inflation. The drop is spurring a re-think among some analysts, who are looking to revise their currency forecasts given the collapse in market volatility that has failed to boost demand for haven currencies. “The negativity centered on the global economy is a little bit overdone,” which is rubbing off on the franc, said Jeremy Stretch, the head of Group-of-10 currency strategy at Canadian Imperial Bank of Commerce.
CHICAGO , April 22, 2019 /PRNewswire/ - CIBC today announced that CIBC Bank USA received an "outstanding" rating from its primary regulatory, the Federal Deposit Insurance Corp. (FDIC), for its ...
Canadian Imperial Bank of Commerce (NYSE:CM) was in 15 hedge funds' portfolios at the end of December. CM investors should be aware of an increase in hedge fund sentiment recently. There were 14 hedge funds in our database with CM positions at the end of the previous quarter. Our calculations also showed that CM isn't […]