Canadian Bank of Commerce ( (TSE:CM) ) has issued an announcement.
On March 24, 2025, Canadian Imperial Bank of Commerce announced the issuance and sale of US$400 million in Floating Rate Senior Notes and US$1.4 billion in Fixed-to-Floating Rate Senior Notes, both due in 2029. This move is part of CIBC’s strategy to strengthen its capital base and enhance its financial flexibility, potentially impacting its market position and offering new opportunities for stakeholders.
More about Canadian Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a major Canadian bank providing a wide range of financial services including personal, business, and commercial banking. It operates primarily in Canada but also has a significant presence in the United States and other international markets.
YTD Price Performance: -10.12%
Average Trading Volume: 1,100,030
Technical Sentiment Signal: Sell
Current Market Cap: $52.81B
For detailed information about CM stock, go to TipRanks’ Stock Analysis page.