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 |
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 and CHICAGO, Jan. 10, 2025 /PRNewswire/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support wildfire relief efforts in Southern California. "Our thoughts are with the California communities that have been affected by the recent wildfires, which have devastated many communities in the area," said Shawn Beber, President and CEO, CIBC Bank USA. "We join our clients and team members across North America in supporting the relief efforts to provide immediate help to those affected, and in recognizing the courage of the many first responders
TORONTO, Dec. 31, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the revised December 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. Unitholders of record on December 31, 2024, will receive cash distributions payable on January 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) 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. 30, 2024 /CNW/ - CIBC's annual Financial Priorities poll finds that paying down or eliminating debt remains the top financial priority among Canadians (17 per cent), followed by keeping up with bill payments (16 per cent). The poll also found that inflation/rising costs of household goods (66 per cent) and high interest rates (28 per cent) remain the top financial concerns for Canadians. While 65 per cent of Canadians are worried about the possibility of a recession, over half feel prepared to weather an unexpected financial event or hardship (59 per cent) and mo
Inclusion in the DJSI demonstrates our commitment to a more sustainable and equitable future TORONTO, Dec. 23, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) has been named to the Dow Jones Sustainability North America Index (DJSI) for the 20th consecutive year for its responsible and sustainable business practices. The DJSI is a widely recognized industry standard for measuring companies based on economic, environmental and social criteria. CIBC is ranked in the 90th percentile among banks globally and was included for corporate and risk governance, diversity, equity and inclusion pra
TORONTO, Dec. 23, 2024 /CNW/ - Victor Dodig, President and Chief Executive Officer, CIBC (TSX:CM) (NYSE:CM) will speak at the RBC Capital Markets 2025 Canadian Bank CEO Conference on Tuesday January 7, 2025. Mr. Dodig is scheduled to address the conference at 10:10 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 with 14 million personal banking,
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) announced today that it will redeem in full its Floating Rate Debentures due 2084 (the "Debentures"). CIBC has given notice to the holders of the Debentures that it will redeem the full US$38,050,000 outstanding principal amount of the Debentures on January 31, 2025 (the "Redemption Date"). The Debentures will be redeemed on the Redemption Date for the aggregate amount of US$39,180,389.40, representing a redemption price of (i) US$1,000 for each US$1,000 principal amount, and (ii) all accrued and unpaid interest to but exc
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 $0.244313 quarterly dividend announced on December 5, 2024 will be the final dividend on the Series 41 shares and will be paid on January 28, 2025, covering the period to January 31, 2025, to shareholders of r
RBC Capital Mkts upgraded CIBC from Sector Perform to Outperform
BofA Securities upgraded CIBC from Neutral to Buy
UBS initiated coverage of CIBC with a rating of Neutral
Keefe Bruyette upgraded CIBC from Mkt Perform to Outperform
Barclays initiated coverage of CIBC with a rating of Underweight
Jefferies initiated coverage of CIBC with a rating of Buy
Scotiabank upgraded CIBC from Sector Perform to Sector Outperform
National Bank Financial upgraded CIBC from Sector Perform to Outperform
BofA Securities upgraded CIBC from Underperform to Neutral
Canaccord Genuity upgraded CIBC from Hold to Buy
SC 13G/A - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
SC 13G - CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (0001045520) (Subject)
TORONTO, Dec. 31, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the revised December 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions. Unitholders of record on December 31, 2024, will receive cash distributions payable on January 6, 2025. Details of the final "per unit" distribution amounts are as follows: CIBC ETF Ticker Symbols Exchange Cash Distribution Per Unit ($) 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.
TORONTO, Nov. 29, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the estimated 2024 annual reinvested capital gains distributions for the CIBC ETFs and ETF Series. Please note that these are estimated capital gains amounts only, as of October 31, 2024. As these are estimated amounts, the final capital gains distributions are subject to change prior to the final distribution. These estimates are for the year-end capital gains distributions only, which are typically reinvested in additional units of the respective CIBC ETF or ETF Series at the
TORONTO, Nov. 22, 2024 /CNW/ - CIBC (TSX:CM) (NYSE:CM) – CIBC Asset Management Inc. today announced the November 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly. Unitholders of record on November 29, 2024, will receive cash distributions payable on December 4, 2024. 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 $0.077 CIBC Active Investment Grade Floating Rate Bond ETF CAFR