TSX:CMBanks
Canadian Imperial Bank of Commerce (TSX:CM) Announces $25 Redemption for Series 43 Preferred Shares
Canadian Imperial Bank of Commerce (TSX:CM) recently announced its intention to redeem all Series 43 preferred shares, which likely supported the company's impressive 18% share price increase over the last quarter. This price movement coincides with the broader market's upward trend, which rose 2% in the past week and 12% over the year. CIBC's strong Q2 earnings, including a substantial rise in both net interest income and net income, further bolstered investor confidence. Ongoing stock...