CANADIAN IMPERIAL BANK OF COMMERCE (CM) Stocks
ABOUT CANADIAN IMPERIAL BANK OF COMMERCE
? Canadian Imperial Bank of Commerce (CIBC)is one of Canada’s “Big Five” banks. It offers banking and financial services to individuals and corporate clients in Canada as well as around the globe.
Canadian Imperial Bank of Commerce operates under four strategic business units: Canadian Commercial Banking and Wealth Management, Canadian Personal and Small Business Banking, Capital Markets and U.S. Commercial Banking and Wealth Management.
Internationally it operates in the U.S., the Caribbean, Asia and Europe. The bank has more than 11 million clients. It ranks #172 on the Forbes Global 2000 listing. In 2012 Bloomberg markets magazine names the bank the strongest bank in North America and the 3rd strongest in the world.
The bank’s history dates back to 1961 when it was formed through the merger of the Canadian Bank of Commerce (founded 1867) and the Imperial Bank of Canada (founded 1873). This transaction is Canada’s largest merger between chartered banks. In 2019 it is headquartered in Toronto, Canada and today it has approximately 44 000 employees.
The bank’s subsidiaries include CIBC World Markets, CIBC Cleary Gull, Atlantic Trust Advisors, CEF Holdings Ltd., Intria Items, CIBC Mellon GSS Company, Inc. and CIBC Wholesale Banking Technology.
HISTORY OF CANADIAN IMPERIAL BANK OF COMMERCE
- The Canadian Bank of Commerce is founded in 1867. It has 24 branches by 1874. The Imperial Bank of Canada is founded in 1875. By 1895 the Canadian Bank of Commerce has 58 branches and the Imperial Bank of Canada has 18.
- Through acquisitions the Commerce Bank has more than 700 local branches in the 1920s. It opens international branches in Jamaica, Cuba, Trinidad and Barbados. In June 1961 the two banks merge forming the Canadian Imperial Bank of Commerce. It has more than 1 200 branches across Canada.
- In 1988 CIBC buys a majority interest in underwriting company Wood Gundy. Shortly afterwards the company merges with Wood Gundy and CIBC Securities becoming CIBC Wood Gundy – later becoming CIBC Oppenheimer in 1997 and later CIBC World Markets.
- In 2004 the bank sells Juniper Financial Corporation to Barclays Bank and EDULINX Canada Corporation to Nelnet Canada Inc. In June 2017 CIBC’s acquisition of PrivateBancorp is completed for USUS Dollar 3.8 billion. In August 2017 PrivateBank is rebranded as CIBC Bank USA.
VISION & VALUES OF CANADIAN IMPERIAL BANK OF COMMERCE
- Canadian Imperial Bank of Commerce is committed to contribute to a sustainable future to help its employees, clients and local communities prosper and grow.
- It continuously seeks ways to reduce the environmental impact of its operations and facilities, focusing on pollution prevention and using natural resources efficiently. Climate change and environmental considerations are integrated into the company’s core business.
MARKET PERFORMANCE OF CANADIAN IMPERIAL BANK OF COMMERCE
- Canadian Imperial Bank of Commerce trades on the New York Stock Exchange under the NYSE stock symbol “CM”.
- It is an S&P/TSX 60 component. In 2018 the company reports a revenue increase to CUS Dollar 17.8 billion compared to CUS Dollar 16.3 billion in 2017.
- Net income increases to CUS Dollar 5.3 billion compared to CUS Dollar 4.7 billion in 2017. Total assets increase to CUS Dollar 597.1 billion compared to CUS Dollar 565.3 billion in 2017.
LATEST NEWS CANADIAN IMPERIAL BANK OF COMMERCE
Buy CANADIAN IMPERIAL BANK OF COMMERCE stocks / shares – A Step by Step Guide how to Buy / Purchase CANADIAN IMPERIAL BANK OF COMMERCE Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CANADIAN IMPERIAL BANK OF COMMERCE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANADIAN IMPERIAL BANK OF COMMERCE STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CANADIAN IMPERIAL BANK OF COMMERCE STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANADIAN IMPERIAL BANK OF COMMERCE stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CANADIAN IMPERIAL BANK OF COMMERCE stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?