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 |
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
National Bank Financial downgraded CIBC from Outperform to Sector Perform
Scotiabank resumed coverage of CIBC with a rating of Sector Outperform
Jefferies downgraded CIBC from Buy to Hold
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
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
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11-K - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Filer)
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FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
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FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
FWP - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
Everyday essentials and experiences take precedence TORONTO, June 4, 2025 /CNW/ - As the weather warms, a new CIBC poll finds that Canadians' sentiments on summer spending are tepid with 88 per cent concerned about how the cost of living will impact summer enjoyment. With expenses being top of mind for many, two thirds of Canadians (67 per cent) are focused on saving rather than spending this season. Canadians plan to allocate most of their funds to everyday expenses, such as gas and groceries with nearly half (46 per cent) trying to reduce daily spending and over a quarter (3
Annual awards highlight financial service providers delivering a superior customer experience TORONTO, June 9, 2025 /CNW/ - CIBC has won the 2025 Digital CX Award for Best Use of AI for Customer Experience from The Digital Banker, recognizing the bank's innovative AI-powered voice assistant. The Digital Banker Awards recognize excellence in customer experience across the financial services landscape and strive to provide unbiased and objective benchmarks for the global industry, highlighting financial service providers that deliver a superior and consistent customer experienc
TORONTO, June 5, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its intention to redeem all $1.0 billion of its 2.01% Debentures due July 21, 2030 (Non-Viability Contingent Capital (NVCC)) (subordinated indebtedness) (the "Debentures"). In accordance with their terms, the Debentures will be redeemed at 100% of their principal amount on July 21, 2025, together with accrued and unpaid interest up to but excluding the redemption date. Interest on the Debentures will cease to accrue from and after the redemption date. The redemption will be financed out of the general corpor
TORONTO, June 5, 2025 /CNW/ - CIBC announced today that it has received the highest ranking in customer satisfaction for both Online Banking and Mobile Banking among Canada's Big Five banks according to the latest studies from J.D. Power, a global leader in consumer insights, advisory services and data and analytics. "Delivering value and innovation that enables clients to bank when and how they want is a key focus for us, and we're proud to be recognized in the J.D. Power satisfaction studies," said Michael Clabby, Executive Vice-President, Digital Platforms and Client Engage
Skilled trades professionals can now access tailored financial solutions for both personal and business needs TORONTO, June 4, 2025 /CNW/ - Today, CIBC announced the launch of a new dedicated Business Banking program tailored for skilled trades professionals. This initiative builds on the success of CIBC's first-of-its-kind skilled trades Personal Banking program introduced last June. Together, these initiatives are designed to enhance support for a sector that is crucial to the Canadian economy. "From manufacturing to transportation and construction, skilled trades are in hig
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief e
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 27, 2025 /CNW/ - CIBC announced today that it has been named a 2025 Forrester Customer-Obsessed Enterprise award winner, the only retail bank in North America to receive this award. "Our clients are at the forefront of everything that we do, and we're proud to receive this recognition which speaks to the dedication and commitment of our entire CIBC team," said Stephen Forbes, Executive Vice-President, Purpose, Brand and Corporate Affairs, CIBC. "This award strongly reflects how we're living our purpose, helping make our clients' ambitions a reality, and delivering
Team members saved an estimated 200,000+ hours during pilot phase; full rollout aimed at enabling teams to deliver more for clients TORONTO, May 27, 2025 /CNW/ - CIBC today announced the bank-wide launch of CIBC AI (CAI), its in-house Generative AI platform, to help drive further productivity across the organization and enable team members to deliver on the bank's client-focused strategy. CAI launched a pilot phase in July 2024 with an initial group of team members across Canada, the US and the UK. The AI platform has saved team members an estimated 200,000+ hours during the p
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
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
SC 13G/A - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
SC 13G - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)