BofA Securities upgraded CIBC from Underperform to Neutral
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| 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 |
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
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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
TORONTO, March 27, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will hold its Annual and Special Meeting of Shareholders on Thursday, April 3, 2025 at 9:30 a.m. (EDT). Members of the media may attend via live webcast at https://cibcvirtual.com/agm2025 (English and French) or by telephone. English1 800 806-5484 or 416-340-2217Passcode: 7053922# French1 800 898-3989 or 514 392-1587Passcode: 9040336# In-person attendance at CIBC Square in Toronto is available for registered shareholders, beneficial shareholders and duly appointed proxyholders. See CIBC's March 4, 2025 news release for m
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 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