Bullboard - Stock Discussion Forum Canadian Imperial Bank of Commerce T.CM.P.Q

Primary Symbol: T.CM Alternate Symbol(s): T.CM.P.O | T.CM.P.P | T.CM.P.S | T.CM.P.Y | CM

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has 13million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, the Company offers a full range of advice, solutions and services through its digital banking network and... see more

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Canadian Imperial Bank of Commerce > Canadian Bank Pre-Markets are So Out of Whack...

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Post by joebravo on Sep 22, 2023 9:02am

Canadian Bank Pre-Markets are So Out of Whack...

Does anyone know why this happens everyday?

It's moreso for Canadian banks than their US counterparts, but pre-market bid/asks are never indicative of where the share price is heading.

I'm not sure how or why these games are played, but it is highly manipulative IMO. It causes volatility and uncertainty as to why or how the shares will perform later on in the day.

Next week is ex-dividend and if the share price isn't much higher, it can make for an $0.87 hair cut, or not. Who knows anymore.

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