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United States

Canadian Imperial Bank of Commerce (CM)

CM on New York Consolidated

76.21USD
27 Sep 2016
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Latest Key Developments (Source: Significant Developments)

CIBC adds 2 companies to oil & gas watch list in Q3: chief risk officer
Thursday, 25 Aug 2016 08:26am EDT 

Canadian Imperial Bank Of Commerce : Says direct exposure to oil and gas sector up in the quarter: chief risk officer .Says 2 companies added to oil and gas watch list in the quarter: chief risk officer.  Full Article

CIBC announces elections under shareholder investment plan
Thursday, 25 Aug 2016 05:52am EDT 

Canadian Imperial Bank Of Commerce : Says announced elections under CIBC shareholder investment plan . Says offers dividend reinvestment option for Canadian residents and stock dividend option for U.S. residents . Entitled to determine whether common shares for plan are purchased in secondary market or issued from treasury .Common shares issued on and after Oct 28 under dividend reinvestment option and stock dividend option will be issued at 2 pct discount.  Full Article

CIBC posts Q3 adj. earnings per share C$2.67
Thursday, 25 Aug 2016 05:50am EDT 

Canadian Imperial Bank Of Commerce : CIBC announces third quarter 2016 results . Q3 adjusted earnings per share C$2.67 . Q3 earnings per share C$3.61 . Q3 earnings per share view C$2.35 -- Thomson Reuters I/B/E/S . At July 31, 2016, CIBC's Basel III common equity tier 1, Tier 1 and total capital ratios were 10.9 pct, 12.4 pct and 14.4 pct, respectively .Says CIBC's Basel III leverage ratio at July 31, 2016 was 3.9 pct on an all-in basis.  Full Article

CIBC CEO says US banking business to contribute 10 pct of net income in short term
Wednesday, 29 Jun 2016 09:08am EDT 

Canadian Imperial Bank Of Commerce , PrivateBancorp Inc : CIBC says plans to follow through on plan to raise dividend payout ratio to top in the 40 -50 percent target range - conference call . CIBC CEO says U.S. banking business will contribute 10 pct of net income in short term, 25 pct over time . CIBC CFO says integration costs from PrivateBancorp takeover of between $130-$150 million . CIBC CEO says made decision to work towards acquisition 6 to 8 months ago Further company coverage: [CM.TO] [PVTB.O] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

CIBC to acquire PrivateBancorp Inc
Wednesday, 29 Jun 2016 06:19am EDT 

Canadian Imperial Bank Of Commerce : CIBC to acquire PrivateBancorp Inc . CIBC will pay US$18.80 in cash and 0.3657 of a CIBC common share for each share of PrivateBancorp common stock . Transaction is expected to be accretive to CIBC's adjusted earnings per share in year 3 . Says total transaction value is approximately us$3.8 billion ( C$4.9 billion ) . Canadian Imperial Bank of Commerce says expects to maintain a common equity tier (CET) 1 ratio at closing of at least 10 per cent . Transaction will significantly expand CIBC's reach in North America . Canadian Imperial Bank of Commerce says PrivateBancorp will remain headquartered in Chicago and retain its Illinois state banking charter . Says total transaction value is about US$47.00 of value per share of PrivateBancorp common stock . Canadian Imperial Bank of Commerce says anticipates completing transaction during first calendar quarter of 2017 .Larry Richman will remain president and CEO of PrivateBancorp and PrivateBank.  Full Article

CIBC does not see significant losses from portfolio exposed to Fort McMurray: CRO
Thursday, 26 May 2016 08:09am EDT 

Canadian Imperial Bank Of Commerce : Does not expect significant losses from portfolio exposed to Fort McMurray: executive .Added one company to oil and gas watchlist in quarter: CRO.  Full Article

CIBC reports Q2 earnings per share C$2.35
Thursday, 26 May 2016 05:10am EDT 

Canadian Imperial Bank Of Commerce : Announced a quarterly dividend increase of 3 cents per common share to $1.21 per share . Q2 adjusted earnings per share c$2.40 . Q2 earnings per share c$2.35 .Q2 earnings per share view c$2.31 -- Thomson Reuters I/B/E/S.  Full Article

CIBC Mellon says president and CEO Thomas Monahan to retire
Friday, 20 May 2016 11:30am EDT 

CIBC Mellon : CIBC Mellon says president and ceo, thomas monahan , has decided to retire .Leadership transition plan led by cibc mellon's boards of directors is underway.  Full Article

NY's dept of financial services has asked Goldman Sachs and three banks to give information about shell companies - Bloomberg
Wednesday, 11 May 2016 04:09pm EDT 

: Ny's department of financial services has asked Goldman Sachs and three banks to give information about shell companies - Bloomberg, citing source . Ny's dept of financial services also asked BNP Paribas ,Canadian Imperial Bank Of Commerce , Standard Chartered for info- Bloomberg, citing source Source (http://bloom.bg/1TAhrQd) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Canadian Imperial Bank of Commerce Increases Dividend
Thursday, 3 Dec 2015 05:52am EST 

Canadian Imperial Bank of Commerce:declared a dividend of $1.15 per share on common shares for the quarter ending January 31, 2016, an increase of three cents from the previous quarter.This dividend is payable on January 28, 2016 to shareholders of record at the close of business on December 29, 2015.board of directors also declared Class A Preferred Shares dividends per share.For the quarter ending January 31, 2016 payable on January 28, 2016 to shareholders of record at the close of business on December 29, 2015.Series 39 - $0.243750.Series 41 - $0.234375.Series 43 - $0.225000.  Full Article

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