CM - Canadian Imperial Bank of Commerce

NYSE - NYSE Delayed Price. Currency in USD
81.81
+0.44 (+0.54%)
At close: 4:02PM EST

81.60 -0.21 (-0.26%)
After hours: 4:26PM EST

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Previous Close81.37
Open81.00
Bid80.80 x 800
Ask96.97 x 1100
Day's Range80.86 - 82.14
52 Week Range72.96 - 99.53
Volume272,576
Avg. Volume408,874
Market Cap36.223B
Beta (3Y Monthly)1.11
PE Ratio (TTM)9.34
EPS (TTM)8.76
Earnings DateN/A
Forward Dividend & Yield3.99 (4.98%)
Ex-Dividend Date2018-12-27
1y Target Est98.31
Trade prices are not sourced from all markets
  • CNW Group3 days ago

    CIBC Announces Increase to NVCC Preferred Share Series 49 Issue

    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.

  • CNW Group3 days ago

    CIBC to Issue NVCC Preferred Shares Series 49

    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%.

  • CNW Group7 days ago

    CIBC confirms participation in Air Canada's new loyalty program

    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.

  • CNW Group15 days ago

    Media Advisory - CIBC's Victor Dodig to Speak at RBC's 2019 Canadian Bank CEO Conference

    Media Advisory - CIBC's Victor Dodig to Speak at RBC's 2019 Canadian Bank CEO Conference

  • CNW Group22 days ago

    Canadians say paying down debt is their top financial priority in 2019: CIBC Poll

    TORONTO , Dec. 27, 2018 /CNW/ - A new CIBC poll finds paying down debt is the No. 1 financial priority for Canadians heading into 2019, the ninth consecutive year debt repayment has topped the annual survey. "Debt weighs heavily on Canadians, so it's no surprise that Canadians continue to put debt concerns at the top of their list of priorities each year.

  • 7 Canadian Stocks to Buy in 2019
    InvestorPlace22 days ago

    7 Canadian Stocks to Buy in 2019

    If you look at all the stock markets in the world year to date through December 19, the average decline is 15% in U.S. dollars and 13.3% in local currency. It’s not exactly the poster child for economic prosperity at the moment, but given most economists believe Canada won’t have a recession in 2019, I’m going to suggest these seven Canadian stocks to buy in 2019.

  • PR Newswire28 days ago

    CIBC announces no changes to the CIBC Atlas Clean Energy Index

    DENVER , Dec. 20, 2018 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance after close of business on December 21, 2018 will result in no constituent additions or deletions ...

  • CNW Grouplast month

    Making spirits bright: $5.7 million raised on CIBC Miracle Day for children's charities around the world

    TORONTO , Dec. 18, 2018 /CNW/ - On December 5 , CIBC traders and investment advisors – together with clients, celebrities and partner charities - rallied to raise more than $5.7 million for children's charities as part of this year's CIBC Miracle Day. Every year on the first Wednesday in December, CIBC Capital Markets and Wood Gundy employees donate their fees and commissions to help kids around the world access vital support services and programs. "The incredible participation and support from our clients, team members and celebrities translates to helping thousands of kids," says Harry Culham , Senior Executive Vice-President and Group Head, Capital Markets, and Chair of the CIBC Children's Foundation.

  • Moody'slast month

    SOUND Trust -- Moody's Canadian ABCP activity ended December 7, 2018

    Moody's has reviewed the following ABCP programs in conjunction with the proposed additions and amendments. At this time the additions and amendments, in and of themselves, will not result in any rating impact on the respective program's 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.

  • CNW Grouplast month

    Media Advisory - Henrik and Daniel Sedin help raise millions in support of children's charities at 34th CIBC Miracle Day

    Media Advisory - Henrik and Daniel Sedin help raise millions in support of children's charities at 34th CIBC Miracle Day

  • CNW Grouplast month

    Media Advisory - Hockey greats Owen Nolan, Jamie Macoun and Colin Patterson come together to help raise millions in support of children's charities at 34th CIBC Miracle Day

    Media Advisory - Hockey greats Owen Nolan, Jamie Macoun and Colin Patterson come together to help raise millions in support of children's charities at 34th CIBC Miracle Day

  • Canadian Imperial (CM) Q4 Earnings Increase, Stock Down 3.4%
    Zacks2 months ago

    Canadian Imperial (CM) Q4 Earnings Increase, Stock Down 3.4%

    Canadian Imperial's (CM) fourth-quarter fiscal 2018 results reflect an improvement in revenues and a strong balance sheet. However, dismal fiscal 2019 earnings outlook hurts investors' sentiments.

  • Reuters2 months ago

    Economic, trade uncertainty clouds outlook for Canadian banks

    Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, two of Canada's biggest lenders, said on Wednesday that global economic uncertainty and trade tensions could hurt their performances next year. Executives at the banks, which also have large businesses in the United States, were speaking after CIBC reported fourth-quarter earnings that missed market forecasts for the first time in four years while TD marginally beat analysts forecasts. Shares in CIBC were down 3.7 percent in mid-afternoon trading with TD shares down 0.7 percent.

  • Canadian Imperial Bank (CM) Q4 Earnings Top Estimates
    Zacks2 months ago

    Canadian Imperial Bank (CM) Q4 Earnings Top Estimates

    Canadian Imperial Bank (CM) delivered earnings and revenue surprises of 1.32% and -1.32%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters2 months ago

    Canada's CIBC posts 8 percent rise in quarterly earnings

    Canadian Imperial Bank of Commerce on Thursday reported an 8 percent increase in fourth-quarter earnings, helped by growth at its retail banking and wealth management divisions. Canada's fifth biggest ...

  • CNW Group2 months ago

    CIBC declares dividends

    CIBC declares dividends

  • CNW Group2 months ago

    CIBC Announces Fourth Quarter and Fiscal 2018 Results

    CIBC Announces Fourth Quarter and Fiscal 2018 Results

  • CNW Group2 months ago

    CIBC completes definitive agreements with Air Canada regarding Aeroplan

    TORONTO , Nov. 26, 2018 /CNW/ - CIBC (CM:TSX) (CM:NYSE) confirmed today that it has signed agreements with Air Canada securing its participation in Air Canada's new loyalty program, conditional upon completion of Air Canada's acquisition of the Aeroplan loyalty business. The agreements will enable CIBC to offer credit cards under Air Canada's new loyalty program which is expected to launch in 2020, and will allow for a smooth transition for CIBC's Aeroplan cardholders to the new program.

  • Canadian Imperial Bank (CM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
    Zacks2 months ago

    Canadian Imperial Bank (CM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

    Canadian Imperial Bank (CM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Can Canadian Imperial Bank (CM) Keep the Earnings Surprise Streak Alive?
    Zacks2 months ago

    Can Canadian Imperial Bank (CM) Keep the Earnings Surprise Streak Alive?

    Canadian Imperial Bank (CM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • CNW Group2 months ago

    Four CIBC leaders recognized for their outstanding achievements and contributions

    TORONTO , Nov. 22, 2018 /CNW/ - CIBC (CM.TO) (CM) would like to congratulate four talented leaders for being named recipients of this year's WXN Canada's Most Powerful Women: Top 100 Award. Sandy Sharman , Senior Executive Vice-President and Chief Human Resources and Communications Officer, was selected for the third year in a row in the HSBC Corporate Executives category. Ms. Sharman is a strategic and proven leader who brings 30 years of financial services experience and business acumen to her mandate.

  • CNW Group2 months ago

    CIBC introduces new digital credit and debit card innovations

    CIBC introduces new digital credit and debit card innovations

  • Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds
    Bitcoin Magazine2 months ago

    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.

  • CIBC is positive on the US dollar in the short term
    CNBC Videoslast month

    CIBC is positive on the US dollar in the short term

    Patrick Bennett of CIBC says the U.S. dollar will come under pressure in the longer term because America's fiscal deficit will start to weigh on the currency. The impulse from the tax cuts and fiscal spending will also wane, he says.