Canadian Bank of Commerce (TSE:CM) has released an update.
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The Canadian Bank of Commerce (CIBC) announced plans to repurchase up to 20 million of its common shares, which is approximately 2.1% of its outstanding shares, to optimize capital management and enhance shareholder value. The repurchase will occur on the Toronto Stock Exchange and other eligible platforms following regulatory approval and can span up to a year.
For further insights into TSE:CM stock, check out TipRanks’ Stock Analysis page.
