CIBC to temporarily shutter 20 per cent of customer centres in response to pandemic [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Toronto Globe and Mail
CIBC to temporarily shutter 20 per cent of customer centres in response to pandemic Canadian Imperial Bank of Commerce will temporarily shut 206 locations – more than 20 per cent of its banking centres – to the public in response to the novel coronavirus pandemic, the bank announced late Monday evening. The closures will impact “advice centres,” which do not offer over-the-counter cash or banking services to clients, the bank said. CIBC’s other 816 banking centres will remain open to customers, although will operate with reduced hours. None of the bank’s automated teller machines and online, mobile and telephone banking services are affected. Around 1,200 staff will be impacted by the decision, said Laura Dottori-Attanasio, CIBC’s senior vice-president of personal and business banking. The rationale behind the decision is to create a “reserve” of healthy employees who “can go into work if ever we have some employees be exposed [at open branches],” Ms. Dottori-Attanasio said. Some empl
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News
- Canadian Imperial Bank of Commerce (NYSE: CM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Canadian Imperial Bank of Commerce (NYSE: CM) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $97.00 price target on the stock, up previously from $74.00.MarketBeat
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- Canadian Imperial Bank of Commerce (NYSE: CM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
CM
Earnings
- 12/5/24 - Beat
CM
Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form 424B2
- 11/5/24 - Form 6-K
- CM's page on the SEC website