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Canadian Bank of Commerce ( (TSE:CM) ) has issued an announcement.
CIBC has announced the expansion of its Canadian Depositary Receipts (CDRs) platform with the launch of five new CDRs based on German companies, available for trading on Cboe Canada starting January 31, 2025, pending exchange approval. This move marks CIBC’s entry into the European market, enhancing accessibility for retail investors and offering affordable, currency-hedged access to global stocks, aligning with its strategic focus on innovative solutions to meet investor demand.
More about Canadian Bank of Commerce
CIBC is a leading North American financial institution serving 14 million clients across personal banking, business, public sector, and institutional sectors. It operates through Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, offering a comprehensive range of advice, solutions, and services through its digital banking network and locations in Canada, the United States, and globally.
YTD Price Performance: 1.34%
Average Trading Volume: 976,262
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $59.42B
For a thorough assessment of CM stock, go to TipRanks’ Stock Analysis page.
