|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||79.55 - 80.58|
|52 Week Range||78.80 - 100.01|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||9.15|
|Forward Dividend & Yield||4.09 (5.06%)|
|1y Target Est||98.31|
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.
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.
Media Advisory - Henrik and Daniel Sedin 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'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.
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) 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?
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 ...
The U.S. unit contributed C$131 million ($98.6 million) to earnings, up from C$107 million a year ago, when it acquired Chicago-based PrivateBank in its largest takeover ever. Key InsightsChief Executive Officer Victor Dodig had big plans after closing the $5 billion takeover of PrivateBank last year, setting a goal of getting 17 percent of earnings from U.S. businesses, including capital markets, by 2020.Canada’s fifth-largest lender by assets gets a greater share of earnings from domestic banking than any of its larger peers, which has led to investor criticism that it’s too focused on its home country.
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) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
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.
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.
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.
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).
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.
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.
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.