Market Currents

• Friday, October 3, 2008

• 08:46 AM Cerberus is investing $1.05B in CIBC Real Estate (CM). "This transaction sets a floor under CIBC's exposure to the U.S. residential mortgage market." Comment!

• Wednesday, August 27, 2008

• 10:27 AM CIBC (CM), Canada's fifth-biggest lender, reports a lower FQ3 profit on structured credit losses. It earned C$0.11 per share vs. C$2.31 per share last year. Comment!

• Thursday, July 17, 2008

• 12:57 PM A rare bull on CIBC (CM +3.3%): UBS's Peter Rozenberg says the writedown threat is overblown and shares are cheap. Comment!