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 |
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
Expanded European CDR lineup provides more opportunities for Canadians to invest in global companies TORONTO, Feb. 19, 2025 /CNW/ - Today CIBC announced six new European Canadian Depositary Receipts ("CDRs"), now listed on Cboe Canada. Introduced to investors over three years ago, CIBC has a total of 86 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 currency hedge, CDRs pro
TORONTO, Feb. 14, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management (CAM) today announced a number of changes to its mutual fund line-up, including portfolio management changes, management fee reductions, and fund name changes. Portfolio management changes Effective on or about March 14, 2025, portfolio management responsibilities for the following funds will be assumed or reallocated to the portfolio sub-advisor as follows: Fund Portfolio management responsibilities CIBC Emerging Markets Fund Mackenzie Financial Corporation Renaissance Emerging Markets Fund Macken
TORONTO, Feb. 13, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) released today an abridged Supplementary Financial Information package for the fiscal years ending October 31, 2024 and 2023, reflecting the following changes that were effective November 1, 2024: Our Simplii Financial direct banking business and Investor's Edge direct investing business, previously reported in Capital Markets and Direct Financial Services have been realigned with Canadian Personal and Business Banking and Canadian Commercial Banking and Wealth Management, respectively; andOur CIBC Cleary Gull U.S. mid-mar
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
Expanded CDR lineup provides more opportunities for Canadians to invest in global companies TORONTO, Feb. 4, 2025 /CNW/ - Today CIBC announced 10 new Canadian Depositary Receipts ("CDRs"), now listed on Cboe Canada. Introduced to investors over three years ago, CIBC has a total of 80 CDRs 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 currency hedge, CDRs provide investors with affordable access to glob
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
TORONTO, Jan. 29, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced that it is lowering its Canadian prime lending rate by 25 basis points from 5.45 per cent to 5.20 per cent, effective Thursday, January 30, 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 loca
The bank also recognized with North American Awards in additional Client Experience categories TORONTO, Jan. 28, 2025 /CNW/ - CIBC has been recognized with the Best Use of AI in Client Experience (CX), World Series and North American award by ARCET Global, a UK-based institute with worldwide reach. This is the fifth year of the ARCET Global Customer Centricity World Series Awards, and the first year to include the Best Use of AI in Client Experience category. Over 180 entries from 76 companies and 23 countries participated in these prestigious awards and were judged by over 150 global CX professionals.
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 $0.080 CIBC Active Investment Grade Floating Rate Bond ETF CAFR
Expansion into Europe marks continued evolution of successful CDR platform TORONTO, Jan. 27, 2025 /CNW/ - Today CIBC announced the expansion of its Canadian Depositary Receipts ("CDRs") platform with the addition of five new "European CDRs", to be listed on Cboe Canada and available for trading on January 31, 2025, subject to final approval by the Exchange. Introduced to investors over three years ago, CIBC will now have a total of 70 CDRs listed in Canada. CIBC's first European CDRs are based on well-known German companies, with more planned for the future. Five new CDRs are
TORONTO, Feb. 6, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) will be announcing its 2025 first quarter results for the quarter ended January 31, 2025, on Thursday, February 27, 2025. The results are expected to be released at approximately 5:30 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors and media at 7:30 a.m. (ET). Earnings Conference Call/Webcast English 416-340-2217, or toll-free 1-800-806-5484, passcode 1073773#French 514-392-1587, or toll-free 1-800-898-3989, passcode 5601311#Participants are asked to dial in 10 minutes before th
TORONTO, Jan. 27, 2025 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the January 2025 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on January 31, 2025, will receive cash distributions payable on February 5, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) 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
TORONTO, Dec. 18, 2024 /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 41 (Non-viability contingent capital (NVCC)) (Series 41 shares) (TSX:CM), for cash. The redemption will occur on January 31, 2025. The redemption price is $25.00 per Series 41 share. The $0.244313 quarterly dividend announced on December 5, 2024 will be the final dividend on the Series 41 shares and will be paid on January 28, 2025, covering the period to January 31, 2025, to shareholders of r
A roundup of the most newsworthy press releases from Cision Distribution this week TORONTO, Dec. 13, 2024 /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
TORONTO, Dec. 5, 2024 /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 January 31, 2025 an increase of $0.07 per share from the previous quarter. This dividend is payable on January 28, 2025 to shareholders of record at the close of business on December 27, 2024. Class A Preferred Shares The Board of Directors also declared the following dividends per share: For the period ending January 31, 2025 payable on January 28, 2025 to shareholders of record at the close of busines
CIBC's 2024 audited annual consolidated financial statements and accompanying management's discussion and analysis (MD&A) will be available today at www.cibc.com, along with the supplementary financial information and supplementary regulatory capital reports which include fourth quarter financial information. Our 2024 Annual Report is available on SEDAR+ at www.sedarplus.com. All amounts are expressed in Canadian dollars, unless otherwise indicated. TORONTO, Dec. 5, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) today announced its results for the fourth quarter and fiscal year ended October 31, 2024.
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)
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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)