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 |
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
6-K - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
6-K - 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)
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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, Sept. 8, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) announced today that the Toronto Stock Exchange (TSX) has accepted notice of CIBC's intention to make a normal course issuer bid (NCIB). As previously announced on August 28, 2025, CIBC intends to purchase for cancellation up to 20 million common shares under a new NCIB. TSX approval permits CIBC to purchase for cancellation from time to time up to 20 million common shares, representing approximately 2.2% of CIBC's 929,594,116 issued and outstanding common shares as of August 31, 2025. The average daily trading volume for
TORONTO, Sept. 2, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced that Marianne Harrison will be joining its Board of Directors effective September 8, 2025. Ms. Harrison was previously President and Chief Executive Officer at John Hancock as well as President and Chief Executive Officer of Manulife Canada and brings significant experience in the financial services sector having held a variety of senior leadership roles across her career over the last 25 years. In addition, Ms. Harrison is a seasoned board member with a breadth of experience having served on not-for-profit
TORONTO, Aug. 29, 2025 /CNW/ - Robert Sedran, CIBC (TSX: CM) (NYSE: CM) Senior Executive Vice-President and Chief Financial Officer, will speak at the 2025 Barclays Global Financial Services Conference on Tuesday September 9, 2025. Mr. Sedran is scheduled to speak at 9:45 a.m. ET. Interested parties may access the live audio webcast at https://www.cibc.com/ca/investor-relations/exctv-prsntatns-wbcsts.html. An archived version of the audio webcast will be available at the same location. About CIBC CIBC is a leading North American financial institution with 14 million personal b
TORONTO, Aug. 28, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its intention to redeem all $750 million of its 4.375% Limited Recourse Capital Notes Series 1 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the "Notes"). In accordance with their terms, the Notes will be redeemed at 100% of their principal amount on September 29, 2025, together with accrued and unpaid interest up to but excluding the redemption date. Interest on the Notes will cease to accrue from and after the redemption date. In connection with the redemption of the Notes, CIBC w
TORONTO, Aug. 28, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its intention to purchase for cancellation up to 20 million common shares under a normal course issuer bid, subject to the approval of the Toronto Stock Exchange (TSX). Common shares that may be purchased for cancellation represent approximately 2.2% of outstanding common shares as at July 31, 2025. CIBC will file a notice of intention to make a normal course issuer bid with the TSX and this bid would commence following TSX's acceptance of this notice and continue for up to one year. The normal course issue
TORONTO, Aug. 28, 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 October 31, 2025 payable on October 28, 2025 to shareholders of record at the close of business on September 29, 2025. Class A Preferred SharesThe Board of Directors also declared the following dividends per share: For the period ending October 31, 2025 payable on October 28, 2025 to shareholders of record at the close of business on September 29, 2025: Series 47 - $0.367375 Series 56 - $36.825000 Seri
TORONTO, Aug. 28, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its financial results for the third quarter ended July 31, 2025. Third quarter highlights Q3/25 Q3/24 Q2/25 YoY Variance QoQ Variance Revenue $7,254 million $6,604 million $7,022 million +10 % +3 % Reported Net Income $2,096 million $1,795 million $2,007 million +17 % +4 % Adjusted Net Income (1) $2,104 million $1,895 million $2,016 million +11 % +4 % Adjusted pre-provision, pre-tax earnings (1) $3,289 million $2,939 million $3,214 million +12 % +2 % Reported Diluted Earnings Per Share (EPS) $2.15 $1.82 $2.
New CIBC Smart Account will automatically reward clients as they deepen their relationship with CIBC TORONTO, Aug. 27, 2025 /CNW/ - CIBC today announced a new and innovative approach to chequing accounts coming this fall that recognizes the depth of a client's relationship with CIBC. Under the changes effective November 1, 2025, the CIBC Smart™ Account will deliver rewards automatically to clients including fee rebates, unlimited everyday banking transactions and additional features. "Our new tiered chequing account represents the latest step in our relationship-focused appro
Expanded U.S. CDR lineup provides more opportunities for Canadian investors to access global companies TORONTO, Aug. 27, 2025 /CNW/ - Today CIBC announced two new U.S. Canadian Depositary Receipts ("CDRs"), now listed on the TSX and available for trading. Introduced to investors over three years ago, CIBC has a total of 103 CDRs, spanning four countries, available in market. CDRs make it easy to invest in many of the world's largest companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share, and with a built-in notional cur
TORONTO, Aug. 26, 2025 /CNW/ - Victor G. Dodig, President and Chief Executive Officer, and Harry Culham, Chief Operating Officer, CIBC (TSX: CM) (NYSE: CM) will speak at the 2025 Scotiabank Financials Summit on Wednesday September 3, 2025. Mr. Dodig and Mr. Culham are scheduled to speak at 11:10 a.m. ET. Interested parties may access the live audio webcast at https://www.cibc.com/ca/investor-relations/exctv-prsntatns-wbcsts.html. An archived version of the audio webcast will be available at the same location. About CIBC CIBC is a leading North American financial institution wi
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Live Leadership Updates
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
Live finance-specific insights
TORONTO, Aug. 28, 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 October 31, 2025 payable on October 28, 2025 to shareholders of record at the close of business on September 29, 2025. Class A Preferred SharesThe Board of Directors also declared the following dividends per share: For the period ending October 31, 2025 payable on October 28, 2025 to shareholders of record at the close of business on September 29, 2025: Series 47 - $0.367375 Series 56 - $36.825000 Seri
TORONTO, Aug. 28, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its financial results for the third quarter ended July 31, 2025. Third quarter highlights Q3/25 Q3/24 Q2/25 YoY Variance QoQ Variance Revenue $7,254 million $6,604 million $7,022 million +10 % +3 % Reported Net Income $2,096 million $1,795 million $2,007 million +17 % +4 % Adjusted Net Income (1) $2,104 million $1,895 million $2,016 million +11 % +4 % Adjusted pre-provision, pre-tax earnings (1) $3,289 million $2,939 million $3,214 million +12 % +2 % Reported Diluted Earnings Per Share (EPS) $2.15 $1.82 $2.
TORONTO, Aug. 25, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the August 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on August 29, 2025, will receive cash distributions payable on September 4, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) CIBC Canadian Government Long-Term Bond ETF CALB TSX $0.040 CIBC USD Premium Cash Management ETF (USD)* CUSD.U
TORONTO, Aug. 7, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 third quarter results for the quarter ended July 31, 2025, on Thursday, August 28, 2025. The results are expected to be released at approximately 5:30 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors and media at 7:30 a.m. (ET). Earnings Conference Call/Webcast English 416-340-2217, or toll-free 1-800-806-5484, passcode 1073773#French 514-392-1587, or toll-free 1-800-898-3989, passcode 5601311#Participants are asked to dial in 10 minutes before the cal
TORONTO, July 25, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the July 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly. Unitholders of record on July 31, 2025, will receive cash distributions payable on August 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) 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