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Canadian Imperial Bank of Commerce (CM.TO)

CM.TO on Toronto Stock Exchange

108.84CAD
11 Dec 2019
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Latest Key Developments (Source: Significant Developments)

CIBC Announces Senior Executive Retirements And Appointments
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES SENIOR EXECUTIVE RETIREMENTS AND APPOINTMENTS.CANADIAN IMPERIAL BANK OF COMMERCE - HRATCH PANOSSIAN HAS BEEN APPOINTED SENIOR EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER.CANADIAN IMPERIAL BANK OF COMMERCE - EFFECTIVE JANUARY 1, 2020, KEVIN GLASS CHIEF FINANCIAL OFFICER, IS RETIRING.CANADIAN IMPERIAL BANK OF COMMERCE - PANOSSIAN APPOINTED CFO, EFFECTIVE NOV 1.  Full Article

CIBC Increases Dividends For The Quarter Ending October 31, 2019
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC INCREASES DIVIDENDS FOR THE QUARTER ENDING OCTOBER 31, 2019.CANADIAN IMPERIAL BANK OF COMMERCE - BOARD DECLARED DIVIDEND OF $1.44 PER SHARE FOR QUARTER ENDING OCTOBER 31, RISE OF FOUR CENTS FROM PREVIOUS QUARTER.  Full Article

Cibc Expects Slower Deposit Growth In Second Half But Retention Of Balances
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Canadian Imperial Bank of Commerce ::CANADIAN IMPERIAN BANK OF COMMERCE - BASED ON CURRENT RATE EXPECTATIONS, MOVING FORWARD, WE EXPECT SOME DOWNWARD PRESSURE BUT RELATIVELY STABLE NIMS - CONF CALL.CIBC EXPECTS IMPAIRED PROVISIONS FOR CREDIT LOSSES TO BE BELOW 30 BASIS POINTS FOR FISCAL YEAR-CHIEF RISK OFFICER.CIBC EXPECTS LOAN GROWTH ACROSS INDUSTRY TO SLOW, EXPECTS TO GROW 9-10% - CANADA COMMERCIAL BANKING HEAD.CIBC - GOING FORWARD, ANTICIPATE ELEVATED EXPENSES IN CORPORATE AND OTHER UNIT AS WE INVEST IN DEFENSIVE AND GROWTH INITIATIVES- CONF CALL.CIBC EXPECTS SLOWER DEPOSIT GROWTH IN SECOND HALF BUT RETENTION OF BALANCES - CONF CALL.CIBC - IN THE U.S., EXPECTS MODEST GROWTH IN NET INTEREST INCOME IN THE MEDIUM TERM AS VOLUME GROWTH CONTINUES - CONF CALL.CIBC EXPECTS CHANGES RELATED TO IFRS16 AND SECURITIZATION REGULATIONS TO HAVE A 10-15 BASIS POINT IMPACT ON CAPITAL IN Q1 2020.  Full Article

CIBC To Acquire U.S. Investment Banking Firm Cleary Gull
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC TO ACQUIRE US INVESTMENT BANKING FIRM CLEARY GULL.CANADIAN IMPERIAL BANK OF COMMERCE - TERMS WERE NOT DISCLOSED..CANADIAN IMPERIAL BANK OF COMMERCE - TRANSACTION IS EXPECTED TO CLOSE IN Q4, PENDING REGULATORY APPROVAL..  Full Article

Canadian Imperial Bank Of Commerce Files For Mixed Shelf Of Upto $10 Bln
Friday, 28 Jun 2019 

June 28 (Reuters) - Canadian Imperial Bank of Commerce ::CANADIAN IMPERIAL BANK OF COMMERCE FILES FOR MIXED SHELF OF UPTO $10 BILLION - SEC FILING.  Full Article

CIBC Announces New Normal Course Issuer Bid
Wednesday, 22 May 2019 

May 22 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES NEW NORMAL COURSE ISSUER BID.CANADIAN IMPERIAL BANK OF COMMERCE - PURCHASES TO NOT EXCEED 9 MILLION SHARES, OR ABOUT 2% OF OUTSTANDING COMMON SHARES OVER 12 MONTH PERIOD.  Full Article

Canadian Imperial Bank Of Commerce Reports Q2 Adjusted EPS Of $2.97
Wednesday, 22 May 2019 

May 22 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES SECOND QUARTER 2019 RESULTS.QTRLY ADJUSTED DILUTED EPS $2.97.QTRLY REPORTED DILUTED EARNINGS PER SHARE (EPS) $2.95.QTRLY PROVISION FOR CREDIT LOSSES WAS $255 MILLION, UP $43 MILLION OR 20% FROM Q2 A YEAR AGO.QTRLY ADJUSTED ROE 15.9% VERSUS 17.4%.Q2 EARNINGS PER SHARE VIEW C$2.99 -- REFINITIV IBES DATA.INTENTION TO SEEK TORONTO STOCK EXCHANGE APPROVAL FOR A NORMAL COURSE ISSUER BID.NCIB WOULD PERMIT CO TO PURCHASE FOR CANCELLATION UP TO MAXIMUM OF 9 MILLION OF OUTSTANDING COMMON SHARES.  Full Article

CIBC Announces U.S. Leadership Appointments
Thursday, 7 Mar 2019 

March 7 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES US LEADERSHIP APPOINTMENTS.CANADIAN IMPERIAL BANK OF COMMERCE - EFFECTIVE APRIL 1, 2019, BANK IS MOVING FORWARD WITH PLANNED LEADERSHIP TRANSITION FOR ITS US BUSINESS..CANADIAN IMPERIAL BANK OF COMMERCE - LARRY D. RICHMAN WILL TRANSITION TO A NEW ROLE AS CHAIR, US REGION, CIBC BANK USA..  Full Article

Canadian Imperial Bank Of Commerce Reports Qtrly Adj Diluted EPS Of $3.01
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES FIRST QUARTER 2019 RESULTS.QTRLY REPORTED DILUTED EARNINGS PER SHARE (EPS) $2.60.QTRLY ADJUSTED DILUTED EPS $3.01.CIBC ANNOUNCED AN INCREASE IN ITS QUARTERLY COMMON SHARE DIVIDEND FROM $1.36 PER SHARE TO $1.40 PER SHARE.QTRLY COMMON EQUITY TIER 1 RATIO 11.2% VERSUS 10.8%.QTRLY ADJUSTED ROE 16.0% VERSUS 18.8%.QTRLY PROVISION FOR CREDIT LOSSES WAS $338 MILLION, UP $185 MILLION OR 121% FROM Q1 A YEAR AGO.Q1 EARNINGS PER SHARE VIEW C$3.08 -- REFINITIV IBES DATA.RESULTS FOR Q1 OF 2019 WERE AFFECTED BY SOME ITEMS OF NOTE AGGREGATING TO A NEGATIVE IMPACT OF $0.41 PER SHARE.CIBC ANNOUNCED AN INCREASE IN ITS QUARTERLY COMMON SHARE DIVIDEND FROM $1.36 PER SHARE TO $1.40 PER SHARE..QTRLY PROVISION FOR CREDIT LOSSES WAS $338 MILLION, UP $185 MILLION OR 121% FROM Q1 A YEAR AGO.ALL AMOUNTS ARE IN CANADIAN DOLLARS.CANADIAN IMPERIAL BANK - U.S. COMMERCIAL BANKING AND WEALTH MANAGEMENT REPORTED NET INCOME OF $168 MILLION FOR THE FIRST QUARTER, UP $34 MILLION.CANADIAN IMPERIAL BANK - CAPITAL MARKETS REPORTED NET INCOME OF $201 MILLION FOR THE FIRST QUARTER, DOWN $121 MILLION.  Full Article

CIBC Increases NVCC Preferred Share Series 49 Issue
Tuesday, 15 Jan 2019 

Jan 14 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES INCREASE TO NVCC PREFERRED SHARE SERIES 49 ISSUE.GROSS PROCEEDS OF OFFERING WILL NOW BE $325 MILLION.  Full Article