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Canadian Imperial Bank of Commerce T.CM

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

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.


TSX:CM - Post by User

Comment by smush74on May 17, 2021 2:24pm
185 Views
Post# 33215184

RE:RE:Any toughts on dividends hikes ?

RE:RE:Any toughts on dividends hikes ?
OSFI has stopped dividend increases, share buybacks on the big sixl banks, but capital levels are now at record highs maybe end of June rules may be relaxed if they follow US federal reserve.

These adjustments were put in place at the start of the pandemic to give the banks the flexibility to address stressed conditions, but now that markets have stabilized the measures are no longer required, OSFI said

Whether they received government funds is not a factor ie BCE increased their dividend last quarter.

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