Bullboard - Stock Discussion Forum 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... see more

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TSX:CM - Post Discussion

Canadian Imperial Bank of Commerce > Gone! No more constraints on div & buybacks

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Post by Dibah420 on Nov 04, 2021 2:33pm

Gone! No more constraints on div & buybacks

https://twitter.com/OSFICanada/status/1456323130591428612?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

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Comment by dougjp100 on Nov 04, 2021 6:08pm

Trying to understand why CIBC dropped, including in late trading, while all others were up. I see no specific news and assume CM is deemed less able to benefit from these rules being removed?

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Comment by fakmiz on Nov 04, 2021 11:13pm

I concur Dougip there is no reason for the drop other than profit takers. Their probably thinking that CM';s dividends won't be as good as other Banks but personally I think their wrong. Any increase in the dividend is going to increase the yield so all banks will be a much more attractive investment. Seems the shorters pick on C/M for some reason but sooner or later they' ...more

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Canadian Imperial Bank of Commerce