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Wednesday, April 7, 2010 as of 11:14 AM ET

Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce (, commonly CIBC in either official language) is one of Canada's chartered banks, fifth largest by deposits.

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The Timken Company, CommVault Systems Among Stocks Down on High Volume Friday

Today, a few stocks are down on high volume:The Timken Company (NYSE:TKR) saw its price drop on above-normal volume today, as two million shares have changed hands or 1.

6 times its average daily volume. At $49.15, the stock price has fallen 4.6%. Over the last month, the share price has dropped $6.78 (-12.1%) from $55.93 on April 26, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 2% above the mark.After trading at a volume of 1.3 million, or 2.5 its average daily volume, (NASDAQ:CVLT) saw its price drop. Shares were down 4.1%, closing at $47.97. The share price has dropped $4.08 (-7.8%) from $52.05 on April 26, 2012. The stock has moved down across its 200-day moving average of $49.35 today.The Bank of Nova Scotia (NYSE:BNS) was down on high volume after trading at a volume of one million, or 1.9 its average daily volume. Closing at $49.49, shares dropped 1.2%. The stock has been on a downward trajectory over the last two months, sliding $7.60 (-1...

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  1. UBS Plans 5-Year Benchmark Dollar Covered Bond

    Swiss bank UBS AG (UBS) is planning a benchmark-size, dollar-denominated, five-year covered bond, one of the banks running the deal said Tuesday.Citigroup Inc., CIBC...

  2. Global Markets Slip from Near 8-Month Highs

    World share markets edged back from near eight-month highs on Monday with European banking stocks under pressure ahead of an auction to determine the payout on Greek...

  3. Economic Worries Weigh on Global Shares

    World stocks fell and the euro briefly touched a two-week low on Monday after fresh economic data raised expectations of a recession in Europe, and China signalled i...

  4. Greek Worries Weigh on European Shares

    The euro and European shares fell on Monday as fears grew that Greece would not accept the painful terms of a new bailout deal needed to avoid a potential sovereign ...

  5. Bank Of Nova Scotia Rebrands Wholesale Units As Scotiabank

    Bank of Nova Scotia, (BNS, BNS.T), one of Canada's big five banks, said Saturday it will consolidate its investment bank and other wholesale brands under the Scotiab...

  6. Scotia Sells $2.5 Billion Covered Bonds At 77 BPs Over Mid-Swaps

    The Bank of Nova Scotia (BNS) sold $2.5 billion of five-year covered bonds in the U.S. credit markets Friday, according to a person familiar with the issue.The 1.95%...

  7. Scotia Issuing USD Covered Bonds At 77-79BPs over Mid-Swaps

    The Bank of Nova Scotia (BNS) plans to issue a benchmark-size, five-year covered bond deal in the U.S. credit markets Friday, according to a term sheet obtained by D...

  8. European Shares Shake Off Downgrade Jitters

    European shares and the euro recovered from early losses on Monday in the wake of a mass downgrade of euro zone sovereign ratings, but trading was choppy with U.S. m...

  9. RIM Bets the House on QNX

    Research In Motion is willing to absorb huge losses on its unloved PlayBook because the success or failure of the unloved tablet will fortell the fate of the operati...

  10. For Research in Motion, More Trouble

    At least four brokerages slashed their price targets on Research in Motion's U.S.-listed stock after the BlackBerry maker warned of lower profit amid falling sales a...

  11. Canada Stocks Hesitate; Financials Lead Decliners

    Canadian stocks wavered early Thursday as investors digested Wednesday's sharp rally, which was the biggest one-day gain for Canada's main stock index since March 20...

  12. World Stocks Fall Amid Economic, Euro Worries

    World stocks hit their lowest in six weeks on Wednesday and oil prices fell after China's November factory activity shrank at its sharpest pace in 32 months, revivin...

  1. European Markets Struggle as Greece Worries Build

    Fears that a Greek exit from the euro zone will worsen the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other...

  2. European Shares Trim Losses

    European stocks, the euro and oil trimmed losses on Friday as investor appetite for risk grew on hopes that Greek political parties would form a new government, offs...

  3. Canada April Housing Starts Jump 14% To 244,900 Annual Rate

    Canadian housing starts came in well ahead of expectations in April, mostly due a big jump in multi-unit projects, Canada Mortgage and Housing Corp. said Tuesday.Hou...

  4. Canada Building Permits Unexpectedly Higher In March

    Canadian building permits rose unexpectedly in March, driven by planned construction of government and office buildings, retail complexes and hospitals in Ontario, w...

  5. Canada March Housing Starts At 215,600 Annual Rate, Better Than Expected

    Canadian housing starts were up a better-than-expected 5.0% to an annual rate of 215,600 in March, largely due to increases in multiple starts in Ontario and the Pra...

  6. Would Canada Ever Let RIM Go?

    The Canadian government is understandably touchy about the future of Research in Motion (NASDAQ:RIMM), which is one of the country's largest employers, best-known co...

  7. UBS Prices $2 Billion Five-Year 2.25% Covered Bond Maturing 2017

    Swiss bank UBS AG (UBS) late Tuesday priced a $2 billion, five-year covered bond, one of the banks running the deal said Wednesday.Citigroup Inc., CIBC, Deutsche Ban...

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