86.92 -0.56 (-0.64%)
Pre-Market: 8:20AM EDT
|Bid||85.00 x 800|
|Ask||87.00 x 800|
|Day's Range||87.00 - 87.56|
|52 Week Range||78.85 - 100.01|
|PE Ratio (TTM)||10.46|
|Forward Dividend & Yield||4.16 (4.77%)|
|1y Target Est||98.31|
May.16 -- Jeremy Stretch, head of G10 FX strategy at Canadian Imperial Bank of Commerce, and Peter Dixon, global financial economist at Commerzbank, discuss Federal Reserve monetary policy and the U.S. yield curve. They speak with Francine Lacqua on "Bloomberg Surveillance."
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
A year after buying Chicago-based PrivateBank in its biggest ever acquisition, Canadian Imperial Bank of Commerce’s U.S. foray is already exceeding its expectations. CIBC’s U.S. head Larry Richman -- the veteran Chicago banking executive who migrated with the $5 billion acquisition completed in June 2017 -- said he’s driving a “strong and steady" expansion under the wings of Canada’s fifth-largest lender by assets. “We feel like we’ve got some major things to accomplish," Richman, 66, said in an interview from his personal conference room at CIBC’s newly adopted U.S. headquarters in Chicago.
CIBC earns one of the top overall scores in mobile banking functionality and user experience
NEW YORK, June 01, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Seaspan ...
Moody's Investors Service ("Moody's") has assigned a Prime-1 (sf) rating to ABCP issued by STABLE Trust ("STABLE") The complete rating actions are as follows: Issuer: STABLE Trust, ...
TORONTO , May 31, 2018 /CNW/ - CIBC (TSX/NYSE: CM) announced today that the Toronto Stock Exchange (TSX) has accepted notice of CIBC's intention to make a normal course issuer bid (NCIB). On May 23, 2018 , CIBC announced its intention to seek TSX approval for a new NCIB. This approval would permit CIBC to purchase for cancellation from time to time up to nine million common shares, representing approximately 2% of CIBC's 444,819,584 issued and outstanding common shares as of May 22, 2018 . The average daily trading volume for the six months ended April 30, 2018 and the maximum amount of common shares that could be purchased each day, calculated pursuant to the rules of the TSX for the purposes of the NCIB, were 1,316,709 and 329,177 common shares, respectively.
TORONTO , May 28, 2018 /CNW/ - Canada is falling further behind in the race to supply world markets, and if it doesn't get in the game soon, its dollar could drop to nearly 70 cents US in the next decade, finds a new report from CIBC Capital Markets. "Let's face it, since the turn of the millennium, other than in the post-recession bounce-back, Canada has been an also-ran in the race for global and US markets," say CIBC Capital Markets economists Avery Shenfeld and Royce Mendes in the report. While there has been much self-congratulation in Canada about a few success, Canada's share of U.S. goods imports has dropped from nearly 20% at the turn of the millennium to only 13% today, the report finds.
TORONTO , May 24, 2018 /CNW/ - Additional pipeline capacity for Canadian oil coming online over the next few years won't be enough to solve significant bottleneck pressures with mounting associated costs for the industry and the country, finds a new report from CIBC Capital Markets. While Line 3 and Keystone XL will enhance capacity and help narrow the discount on Canadian oil by 2021, "what we do with that time will shape the future of the energy sector in Canada ," the report says.
The measures were part of moves to cool rampant housing markets in Toronto and Vancouver and CIBC's Canadian retail banking head Christina Kramer said they were having an impact on sales of mortgages. "We expect there to be an origination decline in the 50 percent range relative to the same period last year," Kramer said on a conference call. The bank's residential mortgage book had been growing faster than those of its rivals, although the pace of growth has been slowing since last summer.
As talks for the North American Free Trade Agreement trudge onward, Canadian banking giant Canadian Imperial Bank of Commerce has made adjustments in its investment portfolio. The changes seem to suggest that the bank is more optimistic that the U.S. will smooth disputes with China—and that President Donald Trump’s ire will cool—more easily than with its Nafta partners. CIBC (CM) more than tripled its holdings in Apple (AAPL) in the first quarter, and raised its Amazon.com (AMZN) investment sevenfold from the end of 2017.
NEW YORK, NY / ACCESSWIRE / May 23, 2018 / Canadian Imperial Bank of Commerce (NYSE: CM ) will be discussing their earnings results in their Q2 Earnings Call to be held on May 23, 2018 at 8:00 AM Eastern ...
Canadian Imperial Bank of Commerce is no longer such an outlier on mortgages. CIBC’s rapid expansion of Canadian home loans has eased, bringing it more in line with the industry and ending a two-year streak of outpacing the nation’s other big banks. Mortgage balances rose 6 percent to C$208.2 billion ($161.6 billion) in the fiscal second quarter from a year earlier, the Toronto-based bank said Wednesday in announcing earnings that beat analysts’ estimates.
Canadian Imperial Bank (CM) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Is it 'worth the headache' to rent out space in your home or own an income property? A new CIBC poll finds it can be
Moody's has reviewed the following ABCP programs in conjunction with the proposed amendment. At this time the amendment, in and of itself, will not result in any rating impact on the respective program's ABCP. Moody's does not believe it will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.