Edition:
United States

Canadian Imperial Bank of Commerce (CM.TO)

CM.TO on Toronto Stock Exchange

122.30CAD
18 Jan 2018
Change (% chg)

$-0.72 (-0.59%)
Prev Close
$123.02
Open
$123.23
Day's High
$123.32
Day's Low
$122.19
Volume
1,087,846
Avg. Vol
1,221,037
52-wk High
$124.37
52-wk Low
$103.84

Latest Key Developments (Source: Significant Developments)

CIBC to Issue NVCC Preferred Shares
Wednesday, 10 Jan 2018 09:04am EST 

Jan 10 (Reuters) - Canadian Imperial Bank Of Commerce ::CIBC - DEAL WITH UNDERWRITERS LED BY CIBC CAPITAL MARKETS FOR ISSUE OF 16 MILLION BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES.CIBC - TO ISSUE ‍ BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES SERIES 47 AT $25.00/SERIES 47 SHARE TO RAISE $400 MILLION​.CIBC - ‍CIBC WILL MAKE AN APPLICATION TO LIST SERIES 47 SHARES AS OF CLOSING DATE ON TORONTO STOCK EXCHANGE​.  Full Article

CIBC doesn't expect material impact from Basel changes
Wednesday, 13 Dec 2017 10:11am EST 

Dec 13 (Reuters) - Canadian Imperial Bank Of Commerce ::CIBC CEO SAYS BANK'S PLAN IS NOT TO TAKE ANY MORE LARGE RESTRUCTURING CHARGES.CIBC CFO SAYS DOESN'T EXPECT BASEL III CHANGES TO HAVE MATERIAL IMPACT ON BANK.CIBC PERSONAL BANKING HEAD SAYS OVER 80 PERCENT OF TRANSACTIONS NOW DIGITAL, SEES GROWING TO 90 PERCENT BY 2020.CIBC PERSONAL BANKING HEAD SAYS NUMBER OF BRANCHES DOWN 4 PERCENT SINCE 2015, COMFORTABLE WITH "CONTINUING AT THAT PACE".CIBC PERSONAL BANKING HEAD SAYS EXPECTS MORTGAGE BOOK TO GROW AT A HIGHER RATE THAN THE OVERALL MARKET NEXT YEAR.  Full Article

Canadian Imperial Bank Of Commerce Reports Qtrly EPS Of $2.59
Thursday, 30 Nov 2017 05:58am EST 

Nov 30 (Reuters) - Canadian Imperial Bank Of Commerce ::CIBC ANNOUNCES FOURTH QUARTER AND FISCAL 2017 RESULTS.CANADIAN IMPERIAL BANK OF COMMERCE QTRLY EARNINGS PER SHARE $2.59.CANADIAN IMPERIAL BANK OF COMMERCE - QTRLY ADJUSTED DILUTED EPS $2.81.CANADIAN IMPERIAL BANK OF COMMERCE - QTRLY ‍BASEL III COMMON EQUITY TIER 1 RATIO ALL-IN BASIS 10.6% VERSUS 10.4% AT Q3-END​.CANADIAN IMPERIAL BANK OF COMMERCE - QTRLY NET INTEREST INCOME $2.46 BILLION VERSUS $2.11 BILLION.  Full Article

‍Canadian Imperial says selling shareholder may offer to sell 791,814 common shares of co
Thursday, 31 Aug 2017 04:51pm EDT 

Aug 31 (Reuters) - Canadian Imperial Bank Of Commerce :‍canadian Imperial Bank of Commerce files to say selling shareholder may offer to sell 791,814 common shares of co - SEC filing​.  Full Article

CIBC says adequate buffer to withstand house price declines
Thursday, 24 Aug 2017 08:47am EDT 

Aug 24 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc ceo says inorganic activity "will be largely on hold for an interim period".Cibc cro says bank has adequate buffer to withstand drop in housing prices.Cibc retail head says starting to see evidence of softening in toronto housing market, anticipates further softening.  Full Article

CIBC announces senior executive changes
Tuesday, 20 Jun 2017 08:30am EDT 

June 20 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc announces senior executive changes.Canadian imperial bank of commerce - jon hountalas has been named group head, commercial banking and wealth management, canada.Canadian imperial bank of commerce - christina kramer has been named group head, personal and small business banking, canada.Canadian imperial bank of commerce - kevin glass continues as chief finance officer.Says ‍harry culham continues as group head, capital markets​.Canadian imperial bank of commerce - laura dottori-attanasio continues as chief risk officer.Canadian imperial bank of commerce - deepak khandelwal will join cibc in august as group head, client connectivity and innovation.Canadian imperial bank of commerce - brian lee continues as senior vice-president and chief auditor, and an observer on cibc's operating committee.Canadian imperial bank of commerce - david williamson, sevp and group head, retail and business banking, will be leaving cibc in q1 of 2018.Canadian imperial bank of commerce - ‍larry richman to become group head, u.s. Region, and president & ceo, privatebank on after acquisition of privatebancorp.Canadian imperial bank of commerce - in interim, williamson will act as a strategic advisor to dodig and client connectivity and innovation team.Canadian imperial bank of commerce - steve geist, sevp and group head, wealth management, will be leaving cibc at end of year.  Full Article

CIBC receives all required regulatory approvals for PrivateBancorp transaction
Thursday, 8 Jun 2017 08:00am EDT 

June 8 (Reuters) - Canadian Imperial Bank Of Commerce :CIBC receives all required regulatory approvals for PrivateBancorp transaction.‍CIBC and PrivateBancorp anticipate that acquisition will close on June 23, 2017​.  Full Article

CIBC announces increase to preferred share issue
Thursday, 25 May 2017 03:06pm EDT 

May 25 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc announces increase to preferred share issue.Canadian imperial bank of commerce says gross proceeds of offering will now be $800 million.Canadian imperial bank - domestic public offering of non-cumulative rate reset class a preferred shares, series 45, size of offering increased to 32 million shares.  Full Article

Privatebancorp stockholders approve acquisition by CIBC
Friday, 12 May 2017 10:11am EDT 

May 12 (Reuters) - Privatebancorp Inc :Privatebancorp stockholders approve acquisition by cibc.Privatebancorp Inc - companies are confident that remaining closing conditions will be satisfied in time to close transaction in June 2017.  Full Article

CIBC and PrivateBancorp announce increase in consideration under amended merger agreement
Thursday, 4 May 2017 07:30am EDT 

May 4 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc and privatebancorp announce increase in consideration under amended merger agreement.Privatebancorp inc - terms provide additional us$3.00 cash.Privatebancorp inc- amendment that increases cash consideration under previously amended merger agreement.Privatebancorp inc - privatebancorp board of directors unanimously recommends stockholders vote in favor of amended agreement.Privatebancorp inc- amended agreement values privatebancorp at approximately us$4.9 billion.Privatebancorp - under amended agreement, consideration in aggregate will be $27.20 in cash, 0.4176 of cibc share for each share of co held.Privatebancorp inc- terms of amended agreement represent cibc's best and final offer to privatebancorp stockholders.Privatebancorp - cibc to satisfy consideration payable to co by paying about us$2.2 billion in cash and issuing approximately 33.5 million cibc common shares.Privatebancorp inc - cibc expects transaction will be accretive to earnings per share within three years of closing date.Privatebancorp inc - cibc intends to adjust anticipated june 28, 2017 record date for its next quarterly dividend.  Full Article

UPDATE 2-CIBC eyes FirstCaribbean valuation around $1.4 bln -sources

* CIBC working with Barclays/UBS on listing -sources (New throughout, adds background on U.S. bank valuations)