Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s): CM | T.CM.PR.Q | T.CM.PR.P | T.CM.PR.S

Financial Services

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. Its Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centers, as well as mobile and online channels. Its Canadian Commercial Banking and Wealth Management provides relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.

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Canadian Imperial Bank of Commerce

Bullboard Posts

Post by CanadianPreferron Jun 19, 2020 9:15am

451 Views

Post# 31168572

Preferreds Offer a Safer Dividend

Great time to pick up preferreds. Once in a lifetime opportunity, I think. CIBC preferreds pay between 6% and 7.3%. The common yields 6.2%.
If the default rate of their clients increase they may have to cut the common stock dividend. Find the latest yields on all preferreds at https://canadianpreferredshares.ca/rank-CIBC-preferreds/

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