CM - Canadian Imperial Bank of Commerce
86.68 -0.34 (-0.39%)
After hours: 4:11PM EST
| Previous Close | 86.37 |
| Open | 85.91 |
| Bid | 0.00 x 800 |
| Ask | 96.97 x 900 |
| Day's Range | 85.85 - 87.29 |
| 52 Week Range | 84.88 - 100.01 |
| Volume | 262,648 |
| Avg. Volume | 453,178 |
| Market Cap | 38.739B |
| Beta (3Y Monthly) | 1.23 |
| PE Ratio (TTM) | 10.12 |
| EPS (TTM) | 8.60 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 4.15 (4.82%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 98.31 |
- Bitcoin Magazine•yesterday
Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds
The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was along with millions that were deposited by the exchange’s various clients, so it froze them indefinitely.This has prompted legal action on behalf of QuadrigaCX which has been trying to reclaim the money that they claimed entitlement to.With such large sums in limbo, many of this exchange’s customers have been unable to access their money at all, leaving the company’s day-to-day ability to function in jeopardy. Emails sent from representatives of QuadrigaCX to CIBC were submitted as evidence to the court, including concerns that the exchange was “under extreme pressure from many clients to address this ASAP” and that “lawsuits are being filed against us.”However, the court has evidently decided to take neither party’s side in this juncture. Judge Glenn Hainey has instead ruled that CIBC transfer custody and liability of these frozen assets to the courts themselves, so that they may more thoroughly inspect them to determine their specific ownership.Even a ruling in QuadrigaCX’s favor could still spell trouble for the exchange, however. According to the court documents, it was CIBC that originally made the application to make the court the final authority on these funds’ ownership, and the court specifically decided to grant CIBC’s request. The exchange may eventually see its funds returned, but Judge Hainey stated, “I am not in a position on this record to make any determination as to CIBC’s possible liability for [freezing the accounts].” Without some sort of damages paid to QuadrigaCX for the inconvenience of losing access to $26 million dollars, the lawsuits filed from the exchange’s depositors may prove a problem down the road. This article originally appeared on Bitcoin Magazine.
- CNW Group•9 days ago
Media Advisory - CIBC to Announce Fourth Quarter 2018 Results on November 29, 2018
Media Advisory - CIBC to Announce Fourth Quarter 2018 Results on November 29, 2018
- Moody's•13 days ago
SOUND Trust -- Moody's Canadian ABCP activity ended November 2, 2018
Moody's has reviewed the following ABCP programs in conjunction with the proposed addition and amendments. At this time the addition and amendments, in and of themselves, will not result in any rating impact on the respective programs' 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.
- InvestorPlace•14 days ago
7 Canadian Stocks to Buy Now (And Only 2 Are Pot Stocks)
Before and after legalization, the buzz surrounding Canadian stocks to buy that are associated with the cannabis industry has been electric. American investors, for probably the first time in the history of Canada, are hot after the next great Canadian stock to buy. Now, as more of the Canadian cannabis companies get listed on U.S. exchanges, financial advisors on both sides of the border could soon be exhibiting symptoms of FOMO (fear of missing out).
CNW Group•16 days agoCIBC and Greater Toronto Airports Authority partnering to enhance traveller experience at Toronto Pearson International Airport
TORONTO , Oct. 31, 2018 /CNW/ - CIBC (CM.TO) (CM) and the Greater Toronto Airports Authority (GTAA) are partnering on new infrastructure and service enhancements to ensure that the 47.1 million travellers who pass through Canada's largest airport annually can access modern banking services while on their journey. Under a new multi-year agreement, CIBC is expanding its footprint at the airport to include a new banking centre, which will provide passengers a total of six CIBC banking centres throughout Toronto Pearson International Airport from which to choose. CIBC is also working to deploy a team of Mobile Financial Service Specialists to bring banking directly to passengers and employees throughout the airport.
CNW Group•24 days agoKids are managing money earlier, but it's not helping them gain financial independence any sooner: CIBC poll
TORONTO , Oct. 23, 2018 /CNW/ - CIBC (CM:TSX) (CM:NYSE) – When it comes to managing money, kids are starting about two years earlier than their parents did, finds a new CIBC poll. According to the poll, parents say that their kids open a bank account, get an allowance, manage their own money, get a credit card and become aware of their parents financial situation about two years earlier on average than they did. "It's encouraging that parents are getting their kids on the right track early on, but setting your kids up for financial success is more than just opening a bank account and giving them money to manage on their own," says David Nicholson , Vice-President, CIBC Imperial Service.
CNW Group•24 days agoPopular travel perks within reach for more Canadian travellers
TORONTO , Oct. 22, 2018 /CNW/ - CIBC -- (CM.TO) (NYSE: CM) -- Almost half of all Canadians (49%) are planning to travel for vacation in the next 12 months but many find parts of the experience stressful or are left wanting more, according to a CIBC survey. Other factors weighing on Canadians' travel experience according to the survey include the theft or loss of money and credit cards, which they cite among their top concerns.
- CNW Group•25 days ago
CIBC Asset Management launches the CIBC Multi-Asset Absolute Return Strategy
CIBC Asset Management launches the CIBC Multi-Asset Absolute Return Strategy
- CNW Group•29 days ago
Business owners urged to act now to avoid loss of small business tax rate
TORONTO , Oct. 18, 2018 /CNW/ - Time is running out for Canadian business owners with over $50,000 of investment income in their corporations to avoid losing the small business deduction under new corporate tax rules taking effect in 2019, warns Jamie Golombek in a new CIBC (CM.TO) (CM) report. "If you're a business owner and haven't considered the tax implications of the new passive income rules, the time to act is now," says Jamie Golombek , Managing Director, Tax and Estate Planning, CIBC Financial Planning and Advice.
- Moody's•last month
Canadian Imperial Bank of Commerce, Australia -- Moody's rates CIBC Australia Branch's junior senior unsecured MTN program (P)A2 and AUD200 million senior unsecured floating rate notes Aa2; outlook stable
Moody's Investors Service ("Moody's") today assigned a (P)A2 long-term junior senior unsecured program rating and a (P)Prime-1 short-term program rating to Canadian Imperial Bank of Commerce (CIBC), Australia Branch's AUD5 billion medium-term note (MTN) program. In the same rating action, Moody's also assigned an Aa2 long-term senior unsecured rating with stable outlook to the AUD200 million senior unsecured floating rate notes, which the bank issued on September 19, 2018.
CNW Group•last monthTeam CIBC rallies in support of the Canadian Cancer Society CIBC Run for the Cure
TORONTO , Oct. 1, 2018 /CNW/ - 15,000 CIBC (CM.TO) (CM) employees, families and friends hit the streets yesterday alongside Canadians across the country in support of the 27th annual Canadian Cancer Society CIBC Run for the Cure. CIBC raised an estimated $3 million to help advance breast cancer research, education and support programs. For Team CIBC, giving back is personal and it comes from the heart.
- Moody's•2 months ago
Royal Trust Corporation of Canada -- Moody's takes actions on Canadian banks' ratings following resolution rules implementation date
Moody's Investors Service ("Moody's") today took various rating actions related to the Implementation Date for the new Canadian bank resolution rules on September 23, 2018. Moody's affirmed the ...
- Simply Wall St.•2 months ago
Does Canadian Imperial Bank of Commerce (TSE:CM) Have A Place In Your Portfolio?
There is a lot to be liked about Canadian Imperial Bank of Commerce (TSE:CM) as an income stock. It has paid dividends over the past 10 years. The company currentlyRead More...
CNW Group•2 months agoCIBC adding new features to its premium Aventura cards
CIBC adding new features to its premium Aventura cards
- CNW Group•2 months ago
Media Advisory - Over 60 leading Canadian companies to present at CIBC's Eastern Institutional Investor Conference
Media Advisory - Over 60 leading Canadian companies to present at CIBC's Eastern Institutional Investor Conference
- PR Newswire•2 months ago
CIBC announces changes to the CIBC Atlas Clean Energy Index
DENVER , Sept. 19, 2018 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance following close of business on September 21, 2018 will result in changes to the CIBC Atlas Clean ...
- CNW Group•2 months ago
Media Advisory - CIBC's Victor Dodig to Speak at the CIBC 17th Annual Eastern Institutional Investor Conference
Media Advisory - CIBC's Victor Dodig to Speak at the CIBC 17th Annual Eastern Institutional Investor Conference
- Bloomberg•2 months ago
CIBC's Gender Bond Paves Way for More Socially Responsible Debt
Canadian Imperial Bank of Commerce broke ground with that nation’s first bond sale that will advance gender diversity in the corporate world. The bank on Wednesday sold C$1 billion ($769 million) of three-year deposit notes, which will support lending to companies committed to promoting women to executive positions. “The framework we have created could work for any issuer, any bank, and by no means will we keep that quiet,” Susan Rimmer, a managing director and head of global corporate banking for CIBC Capital Markets, said in an interview.
- CNW Group•2 months ago
CIBC Announces First Women in Leadership Social Bond Framework in Canada
CIBC Announces First Women in Leadership Social Bond Framework in Canada
- Bloomberg•2 months ago
CIBC's Goal Is to Grow Its Wealth Management Business, CEO Says
Victor Dodig, Canadian Imperial Bank of Commerce chief executive officer, discusses the bank's U.S. expansion plans and financial regulation with Bloomberg's Amanda Lang on "Bloomberg Markets." ...
- CNW Group•2 months ago
Media Advisory - CIBC's Victor Dodig to speak at the Empire Club of Canada
Media Advisory - CIBC's Victor Dodig to speak at the Empire Club of Canada
- CNW Group•2 months ago
Media Advisory - CIBC's Laura Dottori-Attanasio and Christina Kramer to speak at the 2018 Barclays Global Financial Services Conference
Media Advisory - CIBC's Laura Dottori-Attanasio and Christina Kramer to speak at the 2018 Barclays Global Financial Services Conference
- Morningstar•2 months ago
Canadian Banks' Third Quarter Good Overall
The big six Canadian banks-- Bank of Montreal BMO , Bank of Nova Scotia BNS , Canadian Imperial Bank of Commerce CM , National Bank of Canada NA , Royal Bank of Canada RY , and Toronto-Dominion Bank TD --reported third-quarter results that were, on the whole, good once again. Since the second half of 2017, we have expected Scotiabank to underperform, which has happened. Bank of Montreal made a comeback during the quarter as its one-time charges rolled off, the Canadian banking unit consistently increases revenue while containing expenses, and the U.S. banking unit continues to see outsize commercial loan growth.
