|Bid||106.69 x 0|
|Ask||106.89 x 0|
|Day's Range||105.50 - 106.89|
|52 Week Range||99.51 - 125.21|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||9.17|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||5.44 (5.12%)|
|1y Target Est||127.73|
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.
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%.
Jed Hall, a former local KeyBank executive, has a track record of launching commercial lending operations in Boston.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...
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.
The Ottawa-based central bank left its overnight benchmark rate unchanged at 1.75 percent for a second straight decision Wednesday, citing a temporary slowdown that will create a modest amount of excess capacity and curb inflationary pressures. Weaker-than-expected consumption and housing activity also suggests the five hikes since mid-2017 may be having a stronger impact than expected, policy makers said. The marking down of the near-term economic outlook highlights how difficult it will be for Governor Stephen Poloz to continue his hiking path with one of the country’s key industries in crisis, particularly given how fragile global financial markets have been.
# Canadian Imperial Bank of Commerce ### NYSE:CM View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding CM is favorable, with net inflows of $9.16 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. 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 , 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.
Investors who want to cash in on Canadian Imperial Bank of Commerce's (TSE:CM) upcoming dividend of CA$1.36 per share have only 4 days left to buy the shares before its Read More...
“October lived up to its scary reputation—the S&P 500 falling in the month by the largest amount in the last 40 years, the only worse Octobers being ’08 and the Crash of ’87. For perspective, there have been only 5 occasions in those 40 years when the S&P 500 declined by greater than 20% from […]
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 ...
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.
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
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
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.