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

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

Financial Services
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

TSX:CM - Post Discussion

Canadian Imperial Bank of Commerce > Program Trading Killing CM Today
View:
Post by newcoin on Sep 22, 2023 12:31pm

Program Trading Killing CM Today

Down 0.40% with ex-dividend day three days away. Next Wednesday (27th) is ex-div day.
Who would sell today except a robot?
Comment by joebravo on Sep 22, 2023 2:28pm
It is rather irrational trading IMO.  Hold another few days and you get $0.87 dividend which falls in a very low tax bracket. I'm not sure where the price will be ex-dividend, but the last couple ex-dividend days the price actually went higher and dropper several days later. It's quite the odd stock, but if you're looking at long term, this will be much higher, and I would not ...more  
Comment by fakmiz on Sep 24, 2023 2:14pm
CM is a very good stock for a long term hold with it's $0.87 dividend being the best return of all Banks. The opportunity for future dividend increases and upward share price is there. The problem is the analysis's (the majority of which I ignore)  promote the R/B, BMO and T/D Bank's shamelessly. The unfortnate part of this is that many pensioners and widow's listen to these ...more  
Canadian Imperial Bank of Commerce
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