Recession Fears Plunge Canadian Banks Into 20% Drop From Record [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
Check Earnings Report
US:NYSE Investor Relations:
cibc.com/en/about-cibc/investor-relations.html
Company Research
Source: Financial Post
(Bloomberg) — Canadian banks fell more than 20% from their record high set in early February as recession fears send investors fleeing. The S&P TSX Financials Sector Index and the S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, both dropped Thursday, adding to another day of losses after inflation in Canada surged to a four-decade high and US data pointed to rising unemployment and slumping manufacturing and services activity. Toronto-Dominion Bank, Canada’s second-largest lender, led losses as it dropped as much as 3.6% to its lowest point in nine months. Canadian Imperial Bank of Commerce and Bank of Nova Scotia fell as much as 3.4% and 3.3%, respectively. The commercial banks index hit its high on Feb. 8 and was one of the S&P TSX Composite Index’s strongest performers before spiraling as Russia launched its war in Ukraine on Feb. 24 and central banks warned of a potential economic downturn. Analysts are warning that profits may not be as stron
Show less
Read more
Impact Snapshot
Event Time:
CM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CM alerts
High impacting Canadian Imperial Bank of Commerce news events
Weekly update
A roundup of the hottest topics
CM
News
- TD Courts Foreign Students Amid Canada's Cap on Study Permits [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada's immigration dilemma — not enough workers or not enough homes [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Ottawa to force banks to identify carbon rebate by name in direct deposits [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Fed's Uncertain Path Creates Bind for Bank of Canada's Macklem [Yahoo! Finance]Yahoo! Finance
- Fed's Uncertain Path Creates Bind for Bank of Canada's Macklem [Financial Post (Toronto, Ontario, Canada)]Financial Post
CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 4/23/24 - Form SBSE-A/A
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- CM's page on the SEC website