News Recap: Canadian Imperial Bank of Commerce (NYSE: CM)

On 27 Sep 2019, Canadian Imperial Bank of Commerce stock identified change of 13.16% away from 52-week low price and recently located move of -13.30% off 52-week high price. It has market worth of $36793.69M and dividend yield of 5.23%. CM stock has been recorded 5.44% away from 50 day moving average and 2.70% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.13% off 20-day moving average.

CIBC (CM) marked the grand opening of its newest banking center in Chicago’s Little Village neighborhood with a ribbon cutting celebration attended by City officials and CIBC bank representatives.

The 6,000-square-foot facility at 3010 S. Kedzie Ave. houses a full-service bank branch staffed by personal bankers, residential lending specialists and small business banking professionals, as well as a drive-up lane and an ATM. Also featured in the new facility is a community room with seating for up to 30.

“We have been a part of the Little Village community for many years, particularly supporting small businesses and their growth ambitions,” Al Adams, Head of US Community Banking at CIBC, stated at the event on September 19, 2019. “We are excited to now have a Banking Center location where clients can visit with our professionals to discuss personal savings, mortgage needs or small business banking opportunities.”

The Financial sector company, Canadian Imperial Bank of Commerce noticed change of 0.73% to $82.56 along volume of 543232 shares in recent session compared to an average volume of 499.15K. The stock observed return of -1.34% in 5 days trading activity. The stock was at 7.47% over one month performance. CM’s shares are at 5.09% for the quarter and driving a -13.05% return over the course of the past year and is now at 10.76% since this point in 2018.   The average volatility for the week at 1.17% and for month was at 1.17%. There are 445.66M shares outstanding and 444.69M shares are floated in market. Right now the stock beta is 1.2. 

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