Freeze on share-buyback frenzy as Canadian companies seek relief [Wealth Professional (Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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cibc.com/en/about-cibc/investor-relations.html
Company Research
Source: Wealth Professional
Businesses that aggressively bought their own shares must now consider new benefactorsByLeo AlmazoraApr 28, 2020ShareThe COVID-19 crisis has brought multiple industries to their knees, forcing many companies to reconsider their shareholder-first mindset. For some, that has meantsuspending or cancelling dividendsCanadian firms that have spent billions to buy back their own shares in recent years could soon be stopping that practice as they apply for federal bailouts, according toFinancial PostCiting recent data from FactSet, Zochodne said that common and preferred-share buybacks by members of the S&P/TSX 60 index amounted to $46.18 billion last year, representing the second-highest annual total this millennium after the $57.95 billion record posted in 2018.Looking at the larger S&P/TSX Composite Index last June, CIBC World Markets found that share repurchases of member companies had ballooned to nearly $50 billion over the 12-month period ended on March 31, 2019.Another study of S&P/TS
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CM
Earnings
- 12/4/25 - Beat
CM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form FWP
- 12/4/25 - Form FWP
- CM's page on the SEC website