CIBC announces no changes to the CIBC Atlas Clean Energy Index

Rhea-AI Summary

On June 15, 2020, CIBC (NYSE: CM, TSX: CM) announced that there will be no additions or deletions to the CIBC Atlas Clean Energy Index during its upcoming rebalance on June 19, 2020. This decision indicates stability in the index's current constituents, although it does not reflect CIBC's opinion on the investment merits of these securities. CIBC is a North American financial institution serving over 10 million clients across various sectors, providing a wide range of banking and investment services.

Positive

• No changes to the CIBC Atlas Clean Energy Index indicates stability and consistency in the current constituents.

Negative

• None.

News Market Reaction – CM

-0.32%

1 alert

-0.32% News Effect

On the day this news was published, CM declined 0.32%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, June 15, 2020 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced there will be no constituent additions or deletions to the CIBC Atlas Clean Energy Index following the June 19, 2020, rebalance.

Constituent additions to and deletions from the Index do not reflect an opinion by CIBC U.S. Private Wealth Management on the investment merits of the respective securities. For further information, please contact CIBC U.S. Private Wealth Management at 720.221.5000.

About CIBC

CIBC (NYSE: CM) (TSX: CM) is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.

Private banking is offered by CIBC Bank USA, Member FDIC and Equal Housing Lender. CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC. The CIBC logo is a registered trademark of CIBC, used under license. Investment Products Offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed

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SOURCE CIBC Bank USA

FAQ

What did CIBC announce on June 15, 2020?

CIBC announced there will be no changes to the CIBC Atlas Clean Energy Index during the upcoming rebalance on June 19, 2020.

How many clients does CIBC serve?

CIBC serves over 10 million personal banking, business, public sector, and institutional clients.

What stock symbols represent CIBC?

CIBC is represented by the stock symbols NYSE: CM and TSX: CM.

When is the next rebalance for the CIBC Atlas Clean Energy Index?

The next rebalance for the CIBC Atlas Clean Energy Index is scheduled for June 19, 2020.

Does the announcement indicate an opinion on the securities in the CIBC Atlas Clean Energy Index?

No, the announcement does not reflect an opinion by CIBC on the investment merits of the respective securities.