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|Day's Range||60.330 - 61.100|
|52 Week Range||34.000 - 61.120|
|PE Ratio (TTM)||22.95|
|Earnings Date||Jul 19, 2017 - Jul 24, 2017|
|Dividend & Yield||0.04 (0.07%)|
|1y Target Est||59.75|
Canadian Imperial Bank of Commerce said on Friday that it had completed the $5 billion acquisition of Chicago-based PrivateBancorp in a deal which will help it diversify from its domestic market. CIBC ...
Canadian Imperial Bank of Commerce will operate newly acquired PrivateBank under the CIBC banner rather than as a standalone entity, and the Chicago-based lender will ultimately be a platform for further U.S. expansion, Chief Executive Officer Victor Dodig said. “When we come together, we’ll operate under a more unified brand," Dodig, 52, said in an interview at CIBC’s Toronto headquarters. CIBC on Friday completed its $5 billion acquisition of PrivateBancorp Inc., the holding company of PrivateBank.
NEW YORK , June 20, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Medidata Solutions Inc. (NASD: MDSO) will replace PrivateBancorp Inc. (NASD: PVTB) in the S&P MidCap 400, and McDermott International ...
CHICAGO, June 12, 2017 /PRNewswire/ -- PrivateBancorp, Inc. (Nasdaq: PVTB) today announced that it has notified the New York Stock Exchange (the "NYSE") of its intention to delist its 7.125 ...
Canadian Imperial Bank of Commerce (CIBC) soon will have a presence in the Kansas City area now that banking regulators granted approval of its $3.8 billion acquisition of PrivateBancorp Inc. PrivateBancorp, the parent company for The PrivateBank, has a loan production office on the 39th floor of One Kansas City Place at 1200 Main St. in Downtown. CIBC said in a release that it hopes to close the acquisition of PrivateBancorp on June 23.
TORONTO and CHICAGO, June 8, 2017 /PRNewswire/ -- CIBC (CM) (CM) and PrivateBancorp, Inc. (PVTB) today announced that they have received all regulatory approvals required to complete CIBC's acquisition of Chicago-based PrivateBancorp, Inc. pursuant to their amended merger agreement announced on May 4, 2017. CIBC and PrivateBancorp anticipate that the acquisition will close on June 23, 2017. As previously announced, the amended merger agreement provides that upon completion of the proposed acquisition, PrivateBancorp stockholders will receive US$27.20 in cash and 0.4176 of a CIBC common share for each share of PrivateBancorp common stock held.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to PrivateBancorp, Inc. Here are 5 ETFs with the largest exposure to PVTB-US. Comparing the performance and risk of PrivateBancorp, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis PrivateBancorp, Inc. reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of PrivateBancorp, Inc. – First Midwest Bancorp, Inc., First Busey Corporation, Wintrust Financial Corporation, TCF Financial Corporation, Fifth Third Bancorp, MB Financial, Inc. and Old Second Bancorp, Inc. (FMBI-US, BUSE-US, ... Read more (Read more...)
|Downgrade||Keefe Bruyette : Outperform to Mkt Perform||5/30/2017|
|Upgrade||Keefe Bruyette : Mkt Perform to Outperform||3/27/2017|
|Downgrade||Raymond James : Strong Buy to Mkt Perform||6/30/2016|
|Downgrade||Keefe Bruyette : Outperform to Mkt Perform||6/30/2016|
|Downgrade||RBC Capital Mkts : Outperform to Sector Perform||6/30/2016|
|Initiated||Piper Jaffray : to Neutral||6/10/2016|
Industry : Regional - Midwest Banks
Full Time Employees : 1,329
PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides customized business and personal financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. The company operates through three segments: Banking, Asset Management, and Holding Company Activities. It accepts checking, savings, money market deposit, and health savings accounts, as well as certificates of deposit. The company also provides commercial, real estate, and personal lending products and services comprising home equity loans and lines of credit, auto loans, secured and unsecured loans, and overdraft protection loans; commercial real estate loans, such as one-to-four family non-owner occupied housing units, multi-family real estate, office buildings, warehouses, retail space, mixed use buildings, and vacant land; and construction loans. In addition, it offers investment management, personal trust and estate administration, custodial and escrow, investment management for 401(k) plans, and brokerage services. As of December 31, 2016, the company had 36 offices in 13 states. PrivateBancorp, Inc. was founded in 1989 and is headquartered in Chicago, Illinois.