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Canadian Bank of Commerce ( (TSE:CM) ) has shared an update.
CIBC announced the full redemption of its Floating Rate Subordinated Capital Debentures due 2085, with a total outstanding principal amount of US$9,750,000 to be redeemed on February 28, 2025. The redemption, approved by the Office of the Superintendent of Financial Institutions, highlights CIBC’s strategic financial management, potentially impacting investor perceptions and reinforcing the bank’s strong financial positioning.
More about Canadian Bank of Commerce
CIBC is a leading North American financial institution serving 14 million personal, business, public sector, and institutional clients. It operates across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, offering a full range of advice, solutions, and services through its digital banking network and physical locations in Canada, the United States, and worldwide.
YTD Price Performance: 0.94%
Average Trading Volume: 976,121
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $59.46B
For an in-depth examination of CM stock, go to TipRanks’ Stock Analysis page.
