TSX:CMBanks
A Look At Canadian Imperial Bank of Commerce’s Valuation After Recent Bond Issuances And Capital Raising
Canadian Imperial Bank of Commerce (TSX:CM) recently completed a $1.25b fixed income offering and announced several additional bond issues, putting its funding mix and balance sheet flexibility in clearer focus for equity investors.
See our latest analysis for Canadian Imperial Bank of Commerce.
These bond issues come as the share price trades at CA$135.12, with a 7.05% year to date share price return and a very large 176.10% five year total shareholder return. This suggests momentum has been...