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 |
---|---|---|---|
5/30/2025 | Outperform → Sector Perform | National Bank Financial | |
5/15/2025 | Sector Outperform | Scotiabank | |
4/21/2025 | Buy → Hold | Jefferies | |
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 |
6-K - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
SCHEDULE 13G - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
424B3 - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
424B3 - 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)
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National Bank Financial downgraded CIBC from Outperform to Sector Perform
Scotiabank resumed coverage of CIBC with a rating of Sector Outperform
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
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TORONTO, Aug. 13, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) -- CIBC Asset Management Inc. (CAM) today announced that it will terminate the CIBC 2025 Investment Grade Bond Fund and the CIBC 2025 U.S. Investment Grade Bond Fund (the "Funds") on November 28, 2025 (the "Termination Date"), in accordance with the Funds' investment objectives. Effective immediately, except in limited circumstances, no further purchases for units of the Funds (including ETF Series units) will be accepted. Redemption requests for units of the Funds will be accepted until the close of business on the Termin
TORONTO, Aug. 13, 2025 /CNW/ - August 13, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) -- CIBC Asset Management Inc. (CAM) today announced a risk rating change and that it intends to terminate the CIBC Multi-Asset Global Balanced Private Pool, CIBC Multi-Asset Global Balanced Income Private Pool, and Renaissance Optimal Inflation Opportunities Portfolio (the "Funds") on or about November 28, 2025 (the "Termination Date"). The decision to terminate the Funds was made due to their relatively small asset size. Effective immediately, no further purchases for units of the Funds will be acc
TORONTO, Aug. 12, 2025 /PRNewswire/ - CIBC (TSX:CM) (NYSE:CM) today announced senior leadership appointments to its Group Executive Leadership Team that will position the bank for the future and further accelerate the execution of its client-focused strategy as Harry Culham assumes the role of President and CEO, November 1, 2025. "Across CIBC, we are accelerating our momentum by delivering on our client-focused strategy and by fostering a purpose-led, connected culture, which starts with our leadership team and extends to every corner of our bank," said Mr. Culham. "Our strategic investments and our people have enabled our growth, and the changes we're announcing today will help position u
TORONTO, Aug. 7, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 third quarter results for the quarter ended July 31, 2025, on Thursday, August 28, 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 the cal
In-house AI platform recognized for its ability to deliver scalable solutions TORONTO, Aug. 7, 2025 /CNW/ - CIBC announced today that its internal AI platform, CAI (CIBC AI), has been named the Best Gen-AI Initiative by The Digital Banker, recognizing the bank's innovative use of generative AI to enhance productivity while delivering best-in-class client experience. The Digital Banker assesses organizations on innovation, client experience, financial and market performance, and corporate strategy. The organization commended CAI for its ability to deliver scalable solutions and
Survey highlights optimism over the long-term, while near-term worries remain TORONTO, July 29, 2025 /CNW/ - A new CIBC poll finds that a majority of Canadian small business leaders are cautiously optimistic about the current and future state of their businesses, with 71% saying they are currently doing great or 'okay', and a further 78% expressing optimism about the longer-term future of their business amidst a challenging economic landscape. "Canadian small businesses are the backbone of our economy and their resilience in the face of ongoing uncertainty demonstrates remarka
TORONTO, July 25, 2025 /CNW/ - CIBC announced today it has been recognized as a Best Place to Work for Disability Inclusion after earning a top score on the 2025 Canada Disability Index®. This recognition underscores CIBC's ongoing commitment to matching talent to opportunity and promoting a workplace where all team members can flourish. The Disability Index® is a leading third-party benchmarking tool for workplace disability inclusion, and measures performance across key areas such as culture and leadership, enterprise-wide access, employment practices, community engagement,
TORONTO, July 25, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the July 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on July 31, 2025, will receive cash distributions payable on August 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Canadian Government Long-Term Bond ETF CALB TSX $0.040 CIBC USD Premium Cash Management ETF (USD)* CUSD.U TSX $0
TORONTO, July 9, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced the public offering in the United States of US$750 million of 7.000% Fixed Rate Reset Limited Recourse Capital Notes Series 7 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the "LRCNs"). The LRCNs will bear interest at a rate of 7.000% annually, payable quarterly, for the initial period ending on, but excluding, October 28, 2030. Thereafter, the interest rate on the LRCNs will reset every five years at a rate equal to the prevailing 5-year U.S. Treasury Rate plus 3.000%. The LRCNs wil
TORONTO, July 7, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. (CAM) today launched the CIBC Education Portfolios, a suite of five portfolio solutions designed to simplify education savings for Canadian families. These portfolios include four target date portfolios and one graduation portfolio: CIBC Target 2030 Education PortfolioCIBC Target 2035 Education PortfolioCIBC Target 2040 Education PortfolioCIBC Target 2045 Education PortfolioCIBC Graduation Portfolio"Investing for education is one of the most important decisions a family can make, but it can also
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TORONTO, Aug. 12, 2025 /PRNewswire/ - CIBC (TSX:CM) (NYSE:CM) today announced senior leadership appointments to its Group Executive Leadership Team that will position the bank for the future and further accelerate the execution of its client-focused strategy as Harry Culham assumes the role of President and CEO, November 1, 2025. "Across CIBC, we are accelerating our momentum by delivering on our client-focused strategy and by fostering a purpose-led, connected culture, which starts with our leadership team and extends to every corner of our bank," said Mr. Culham. "Our strategic investments and our people have enabled our growth, and the changes we're announcing today will help position u
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
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TORONTO, Aug. 7, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 third quarter results for the quarter ended July 31, 2025, on Thursday, August 28, 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 the cal
TORONTO, July 25, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the July 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on July 31, 2025, will receive cash distributions payable on August 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Canadian Government Long-Term Bond ETF CALB TSX $0.040 CIBC USD Premium Cash Management ETF (USD)* CUSD.U TSX $0
TORONTO, June 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the June 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on June 30, 2025, will receive cash distributions payable on July 7, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange CashDistribution PerUnit ($) CIBC Canadian Government Long-Term Bond ETF CALB TSX $0.04 CIBC USD Premium Cash Management ETF (USD)* CUSD.U TSX $0.20 C
TORONTO, June 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 43 (Non-viability contingent capital (NVCC)) (Series 43 shares) (TSX:CM), for cash. The redemption will occur on July 31, 2025. The redemption price is $25.00 per Series 43 share. The $0.196438 quarterly dividend announced on May 29, 2025 will be the final dividend on the Series 43 shares and will be paid on July 28, 2025, covering the period to July 31, 2025, to shareholders of record on Jun
TORONTO, May 26, 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 July 31, 2025 payable on July 28, 2025 to shareholders of record at the close of business on June 27, 2025. Class A Preferred SharesThe Board of Directors also declared the following dividends per share: For the period ending July 31, 2025 payable on July 28, 2025 to shareholders of record at the close of business on June 27, 2025: Series 43 - $0.196438Series 47 - $0.367375 About CIBC CIBC is a leading
TORONTO, May 29, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its financial results for the second quarter ended April 30, 2025. Second quarter highlights Q2/25 Q2/24 Q1/25 YoY Variance QoQ Variance Revenue $7,022 million $6,164 million $7,281 million +14 % -4 % Reported Net Income $2,007 million $1,749 million $2,171 million +15 % -8 % Adjusted Net Income (1) $2,016 million $1,718 million $2,179 million +17 % -7 % Adjusted pre-provision, pre-tax earnings (1) $3,214 million $2,690 million $3,415 million +19 % -6 % Reported Diluted Earnings Per Share (EPS) $2.04 $1.79 $
TORONTO, May 26, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the May 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on May 30, 2025, will receive cash distributions payable on June 4, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF TickerSymbols Exchange Cash DistributionPer Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.074 CIBC Active Investment Grade Floating Rate Bond ETF CAFR TSX $0.058 CIBC F
TORONTO, May 8, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 second quarter results for the quarter ended April 30, 2025, on Thursday, May 29, 2025. The results are expected to be released at approximately 5:30 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors and media at 7:30 a.m. (ET). Earnings Conference Call/Webcast English 416-340-2217, or toll-free 1-800-806-5484, passcode 1073773#French 514-392-1587, or toll-free 1-800-898-3989, passcode 5601311#Participants are asked to dial in 10 minutes before the call.
TORONTO, April 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the April 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on April 30, 2025, will receive cash distributions payable on May 5, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.072 CIBC Active Investment Grade Floating Rate Bond ETF CAFR TSX $0.057
TORONTO, March 24, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the March 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on March 31, 2025, will receive cash distributions payable on April 3, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Active Investment Grade Corporate Bond ETF CACB TSX $0.073 CIBC Active Investment Grade Floating Rate Bond ETF
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SC 13G/A - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
SC 13G - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)