Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: cibc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Sector Perform → Outperform | RBC Capital Mkts | |
| 8/30/2024 | Neutral → Buy | BofA Securities | |
| 7/2/2024 | Neutral | UBS | |
| 6/3/2024 | Mkt Perform → Outperform | Keefe Bruyette | |
| 3/20/2024 | Underweight | Barclays | |
| 2/22/2024 | Buy | Jefferies | |
| 2/20/2024 | Sector Perform → Sector Outperform | Scotiabank | |
| 12/20/2023 | Sector Perform → Outperform | National Bank Financial | |
| 12/18/2023 | Underperform → Neutral | BofA Securities | |
| 5/10/2023 | Hold → Buy | Canaccord Genuity |
TORONTO, March 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the March 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on March 31, 2025, will receive cash distributions payable on April 3, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.073 CIBC Active Investment Grade Floating Rate Bond ETF
TORONTO, Feb. 27, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) announced today that its Board of Directors declared a dividend of $0.97 per share on common shares for the quarter ending April 30, 2025 payable on April 28, 2025 to shareholders of record at the close of business on March 28, 2025. Class A Preferred SharesThe Board of Directors also declared the following dividends per share: For the period ending April 30, 2025 payable on April 28, 2025 to shareholders of record at the close of business on March 28, 2025: Series 43 - $0.196438Series 47 - $0.367375Series 56 - $36.825000
TORONTO, Feb. 27, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its financial results for the first quarter ended January 31, 2025. Key highlights across our bank in the first quarter of 2025 included: Achieved outstanding milestones with our highest ever net promoter scores in Canadian Personal Banking, Wood Gundy and Imperial Service, reflecting an exceptional level of client satisfaction.Launched CIBC's European Canadian Depositary Receipts (CDRs), a first for our growing CDR platform and a global first for the Canadian financial industry – allowing investors further
TORONTO, Feb. 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the February 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on February 28, 2025, will receive cash distributions payable on March 5, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.075 CIBC Active Investment Grade Floating Rate Bond ETF CAFR TSX
TORONTO, Feb. 6, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 first quarter results for the quarter ended January 31, 2025, on Thursday, February 27, 2025. The results are expected to be released at approximately 5:30 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors and media at 7:30 a.m. (ET). Earnings Conference Call/Webcast English 416-340-2217, or toll-free 1-800-806-5484, passcode 1073773#French 514-392-1587, or toll-free 1-800-898-3989, passcode 5601311#Participants are asked to dial in 10 minutes before th
TORONTO, Jan. 27, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the January 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on January 31, 2025, will receive cash distributions payable on February 5, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.080 CIBC Active Investment Grade Floating Rate Bond ETF CAFR
TORONTO, Dec. 31, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the revised December 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. Unitholders of record on December 31, 2024, will receive cash distributions payable on January 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Canadian Bond Index ETF CCBI TSX 0.044 CIBC Global Bond ex-Canada Index ETF (CAD-Hedged) CGBI
TORONTO, Dec. 31, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the revised final 2024 annual reinvested capital gains distributions for the CIBC ETFs and ETF Series of CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. These amounts are for the year-end capital gains distributions only, and do not include cash distributions for December 2024. The annual capital gains distributions will be reinvested in additional units of the CIBC ETF or ETF Series. The additional units will be immediately consolidated with the previously ou
TORONTO, Dec. 20, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the final 2024 annual reinvested capital gains distributions for the CIBC ETFs and ETF Series of CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. These amounts are for the year-end capital gains distributions only, and do not include cash distributions for December 2024. The annual capital gains distributions will be reinvested in additional units of the CIBC ETF or ETF Series. The additional units will be immediately consolidated with the previously outstandin
TORONTO, Dec. 20, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the December 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. Unitholders of record on December 31, 2024, will receive cash distributions payable on January 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Canadian Bond Index ETF CCBI TSX 0.044 CIBC Global Bond ex-Canada Index ETF (CAD-Hedged) CGBI TSX 0.0
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
424B3 - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
6-K - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
RBC Capital Mkts upgraded CIBC from Sector Perform to Outperform
BofA Securities upgraded CIBC from Neutral to Buy
UBS initiated coverage of CIBC with a rating of Neutral
Keefe Bruyette upgraded CIBC from Mkt Perform to Outperform
Barclays initiated coverage of CIBC with a rating of Underweight
Jefferies initiated coverage of CIBC with a rating of Buy
Scotiabank upgraded CIBC from Sector Perform to Sector Outperform
National Bank Financial upgraded CIBC from Sector Perform to Outperform
BofA Securities upgraded CIBC from Underperform to Neutral
Canaccord Genuity upgraded CIBC from Hold to Buy
SC 13G/A - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
SC 13G - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
TORONTO, March 13, 2025 /PRNewswire/ - CIBC (TSX:CM) (NYSE:CM) today announced that Victor Dodig plans to retire as President and Chief Executive Officer, effective October 31, 2025, and that Harry Culham has been appointed as Chief Operating Officer effective April 1, 2025 and will succeed Mr. Dodig as President and Chief Executive Officer, effective November 1, 2025. Mr. Dodig will serve as a special advisor to Mr. Culham and the Board from November 1, 2025 to April 30, 2026 to support a seamless transition. Mr. Dodig has served as President and CEO of CIBC since September 2014, guiding the bank through a period of significant transformation and growth. Under his leadership, CIBC has be
A roundup of the most newsworthy press releases from Cision Distribution this week TORONTO, Jan. 31, 2025 /CNW/ - With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that
Roles in Data, Advanced Analytics and AI will bolster the bank's tech talent over the next 12 months TORONTO, Aug. 6, 2024 /CNW/ - CIBC today announced plans to hire more than 200 data and AI roles over the next 12 months as it continues to leverage AI capabilities to further execute on the bank's client-focused strategy. "We strongly believe that using AI thoughtfully will add to the momentum we have across our bank in delivering for our stakeholders and executing on our client-focused growth strategy," said Christina Kramer, Group Head, Technology, Infrastructure and Innovat
TORONTO, April 16, 2024 /CNW/ - CIBC has proudly been recognized as one of Canada's Greenest Employers for 2024, marking the third consecutive year the bank has received this award from MediaCorp Canada. This recognition underscores CIBC's commitment to environmental stewardship and its efforts to create a culture of sustainability within the bank and broader community. "We are honoured to be named as one of Canada's Greenest Employers," said Kikelomo Lawal, Executive Vice-President, Chief Legal Officer and Chair of the Senior Executive ESG Council, CIBC. "Sustainability is a
TORONTO, March 26, 2025 /CNW/ - Today, CIBC launched its first annual CIBC Ambitions Index, an in-depth report exploring Canadians' current goals and ambitions – big or small – across all areas of life. "At CIBC, we believe that understanding the ambitions of Canadians is essential to fulfilling our purpose of helping make ambitions real," said Stephen Forbes, Executive Vice-President, Purpose, Brand and Corporate Affairs, CIBC. "The CIBC Ambitions Index not only sheds light on the goals that matter most to Canadians across ages and geographies, but also reinforces our commitm
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days. TORONTO, March 25, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced a domestic public offering of $1.25 billion 4.15% Debentures due April 2, 2035 (Non-Viability Contingent Capital (NVCC)) (subordinated indebtedness) (the "Debentures"). The Debentures will be issued in Canada and sold through a dealer syndicate led by CIBC Capital Markets.
TORONTO, March 25, 2025 /CNW/ - CIBC has reinforced its commitment to responsible AI by becoming the first major Canadian bank to sign the Government of Canada's Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems. This initiative highlights CIBC's dedication to fostering ethical AI practices and promoting responsible innovation within the financial sector. "At CIBC, we understand the significant impact that artificial intelligence can have on our industry and society," said Dave Gillespie, Executive Vice-President, Infrastructure, Architecture and Modernization, CIBC. "By adhering to this voluntary code of conduct, we are reinforcing ou
TORONTO, March 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the March 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on March 31, 2025, will receive cash distributions payable on April 3, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.073 CIBC Active Investment Grade Floating Rate Bond ETF
TORONTO, March 24, 2025 /CNW/ - A new CIBC poll finds that amidst the volatility in inflation and higher costs of living, mortgage holders are taking proactive measures to mitigate financial strain, with the majority feeling confident in their ability to handle their mortgage payments and make their budgets work. In fact, 64% of variable rate mortgage holders remain unaffected, reporting little to no impact on their standard of living, as do 59% of those expecting higher renewal rates. "As mortgage rates are declining, it's encouraging to see that despite continued financial p
In the news release, Media Advisory - CIBC's Hratch Panossian to Speak at National Bank Financial Services Conference, issued 19-Mar-2025 by CIBC over PR Newswire, we are advised by the company that the second paragraph has been modified. The complete, corrected release follows: Media Advisory - CIBC's Hratch Panossian to Speak at National Bank Financial Services Conference TORONTO, March 19, 2025 /CNW/ - Hratch Panossian, Senior Executive Vice-President and Group Head, Personal and Business Banking, Canada, CIBC (TSX:CM) (NYSE:CM) will speak at the National Bank Financial Services Conference in Montreal on Tuesday March 25, 2025.
TORONTO, March 19, 2025 /CNW/ - Hratch Panossian, Senior Executive Vice-President and Group Head, Personal and Business Banking, Canada, CIBC (TSX:CM) (NYSE:CM) will speak at the National Bank Financial Services Conference in Montreal on Tuesday March 25, 2025. This conference is not a live webcast event. A recording of the event will be available on CIBC's website at https://www.cibc.com/ca/investor-relations/exctv-prsntatns-wbcsts.html on March 25, 2025 by 6:00 p.m. (ET). The webcast will be archived for 90 days. About CIBC CIBC is a leading North American financial institut
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ The prospectus supplements, the corresponding base shelf prospectus and any amendment thereto in connection with these offerings will be accessible through SEDAR+ within two business days. TORONTO, March 17, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced a domestic public offering of $450 million of 6.369% Limited Recourse Capital Notes Series 6 (Non-Viability Contingent Capital ("NVCC")) (Subordinated Indebtedness) (the "LRCNs") and a domestic public offering of $150 million Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 61 (NVCC) (the "Series 61 Shares", and collectively
TORONTO, March 13, 2025 /PRNewswire/ - CIBC (TSX:CM) (NYSE:CM) today announced that Victor Dodig plans to retire as President and Chief Executive Officer, effective October 31, 2025, and that Harry Culham has been appointed as Chief Operating Officer effective April 1, 2025 and will succeed Mr. Dodig as President and Chief Executive Officer, effective November 1, 2025. Mr. Dodig will serve as a special advisor to Mr. Culham and the Board from November 1, 2025 to April 30, 2026 to support a seamless transition. Mr. Dodig has served as President and CEO of CIBC since September 2014, guiding the bank through a period of significant transformation and growth. Under his leadership, CIBC has be
TORONTO, March 12, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced that it is lowering its Canadian prime lending rate by 25 basis points from 5.20 per cent to 4.95 per cent, effective Thursday, March 13, 2025. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locat