|Bid||114.25 x 0|
|Ask||114.29 x 0|
|Day's Range||113.54 - 114.29|
|52 Week Range||110.00 - 125.21|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||9.99|
|Earnings Date||Nov 29, 2018|
|Forward Dividend & Yield||5.44 (4.77%)|
|1y Target Est||132.80|
NEW YORK / ACCESSWIRE / November 14, 2018 / MarketEdge Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was along with millions that were deposited by the exchange’s various clients, so it froze them indefinitely.This has prompted legal action on behalf of QuadrigaCX which has been trying to reclaim the money that they claimed entitlement to.With such large sums in limbo, many of this exchange’s customers have been unable to access their money at all, leaving the company’s day-to-day ability to function in jeopardy. Emails sent from representatives of QuadrigaCX to CIBC were submitted as evidence to the court, including concerns that the exchange was “under extreme pressure from many clients to address this ASAP” and that “lawsuits are being filed against us.”However, the court has evidently decided to take neither party’s side in this juncture. Judge Glenn Hainey has instead ruled that CIBC transfer custody and liability of these frozen assets to the courts themselves, so that they may more thoroughly inspect them to determine their specific ownership.Even a ruling in QuadrigaCX’s favor could still spell trouble for the exchange, however. According to the court documents, it was CIBC that originally made the application to make the court the final authority on these funds’ ownership, and the court specifically decided to grant CIBC’s request. The exchange may eventually see its funds returned, but Judge Hainey stated, “I am not in a position on this record to make any determination as to CIBC’s possible liability for [freezing the accounts].” Without some sort of damages paid to QuadrigaCX for the inconvenience of losing access to $26 million dollars, the lawsuits filed from the exchange’s depositors may prove a problem down the road. This article originally appeared on Bitcoin Magazine.
Canadian Imperial Bank of Commerce (TSX:CM) (NYSE:CM) is starting to look oversold. Should you buy today?
Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) is going on a business offensive that will send it higher in 2019.
Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) stock is tailor-made for the risk-averse passive income investor, and is good value today.
Post-GFC recovery has strengthened economic growth and credit quality, benefiting large banks such as Canadian Imperial Bank of Commerce (TSE:CM), with a market capitalisation of CA$50.8b. A borrower’s demand for, Read More...
Don't be fooled by their low P/E ratios. Stocks like Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and Magna International Inc. (TSX:MG)(NYSE:MGA) are still fantastic companies.
TORONTO , Nov. 7, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) will be announcing its 2018 fourth quarter results on Thursday, November 29, 2018 . The results are expected to be released at approximately 6:00 ...
The latest dip in Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) stock is a good opportunity for TFSA investors to stash this top dividend stock in their portfolios.
Statistics Canada released jobs data Friday that showed modest employment gains, but with a shrinking labor force and the slowest wage gains in a year. The numbers reveal a lukewarm economy, one that is unlikely to convince the Bank of Canada a faster pace of rate increases is needed. “Canada’s economy isn’t roaring ahead, but it still sits at what looks like full employment,” Avery Shenfeld, chief economist at CIBC Capital Markets, wrote in a note to investors.
The Bloomberg Dollar Spot Index is down 0.8 percent in Thursday trading, having fallen as much as 0.9 percent earlier in New York trading. “We’re thinking more broadly that this is another peak in the dollar, and we’re going to see it drifting lower in the next year,” Mark McCormick, head of North America FX strategy at TD, said in an interview.
Buy Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) while it remains depressed. It's a top bank with considerable long-term momentum.
Here's why Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and another two unloved dividend stocks might be attractive picks today.
New multi-year agreement focuses on meeting needs of clients to bank when, where and how they want TORONTO , Oct. 31, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) and the Greater Toronto Airports Authority (GTAA) ...
These three companies have a track record of returning cash to shareholders, including Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and another deeply discounted asset manager.
Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) is just one of a handful of top Canadian dividend stocks that look cheap right now.
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and another severely battered bank stock that's on sale after the recent market-wide correction.
With lingering NAFTA concerns removed and inflation starting to pick up here in and in the United States, all eyes are on Bank of Canada to hike rates one more time this year. For many investors, rate hikes are bullish signals for shares of bank stocks, since in theory they stand to benefit from higher […]
TORONTO , Oct. 24, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is raising its Canadian prime lending rate by 25 basis points from 3.70 per cent to 3.95 per cent, effective Thursday, ...
The current global sell-off should inspire younger investors to add long-term dividend stocks like Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) at a discount.
TORONTO, Oct. 23, 2018 /CNW/ - CIBC (CM:TSX) (CM:NYSE) – When it comes to managing money, kids are starting about two years earlier than their parents did, finds a new CIBC poll. According to the poll, parents say that their kids open a bank account, get an allowance, manage their own money, get a credit card and become aware of their parents financial situation about two years earlier on average than they did. "It's encouraging that parents are getting their kids on the right track early on, but setting your kids up for financial success is more than just opening a bank account and giving them money to manage on their own," says David Nicholson, Vice-President, CIBC Imperial Service.
Canada's banking sector has always provided plenty of opportunities for investors, but the opportunity poised by Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) right now is very compelling.
TORONTO, Oct. 22, 2018 /CNW/ - CIBC -- (TSX:CM.TO - News) (NYSE: CM) -- Almost half of all Canadians (49%) are planning to travel for vacation in the next 12 months but many find parts of the experience stressful or are left wanting more, according to a CIBC survey. Other factors weighing on Canadians' travel experience according to the survey include the theft or loss of money and credit cards, which they cite among their top concerns.