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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

Post by fakmizon Sep 30, 2021 12:57pm
314 Views
Post# 33946371

Some shareholders panicking?

Some shareholders panicking?Share price have dropped substantially in past week. I believe this is mostly because of short sellers/day traders manulipulating the market. However some sales may be because of panick selling by pensioners on the advice of their financial advisor. CIBC pays an excellent dividend and there is no doubt that when the Government suspends the dividend/Share repurchase mandate (hopefully within the next month or so) the dividends/ share repurchase will increase as will the share price. I would hold onto my shares but that's just my opinion.  And yes, I am a long term shareholder.
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