Canadian Imperial Bank of Commerce (CM) Research

Canadian Imperial Bank of Commerce (CIBC) operates as a broad-based financial services provider, extending a wide array of financial offerings and solutions. Its diverse clientele includes individuals, corporations, government entities, and large institutional clients across Canada, the United States, and globally. The bank's operations are structured into four key divisions: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. CIBC's product portfolio encompasses checking, savings, and business accounts; mortgage financing; various lending products like general loans, lines of credit, student lines of credit, and specialized business and agricultural loans; investment and insurance services; credit cards; and overdraft protection. Additionally, it delivers everyday banking, credit and borrowing facilities, specialized financial expertise, wealth management and investment advice, and international services. These also include correspondent banking, digital foreign exchange, and comprehensive cash management solutions. Established in 1867, CIBC's main corporate office is located in Toronto, Canada.

Market snapshot

Symbol
CM
Price
$111.69
Day change
-1.05%
Market cap
$146.4B
P/E ratio
14.76x
52-week range
68.53-117.05
Sector
Financial Services
Industry
Banks - Diversified
Next earnings
in 2 months
Analyst price target
$106.62

Recent news

  • CIBC to Sell Caribbean Arm for $1.6 Billion

    Canadian Imperial Bank of Commerce is selling its Caribbean banking arm for roughly $1.6 billion as it looks to shift capital toward growth efforts in North America.

  • Canada's Big Banks Expected to Post Solid Second Quarter, But Outlook in Focus on Soft Backdrop

    Soft economic conditions and greater uncertainty will take the spotlight as banks report earnings, shifting focus to credit-loss provisions.

  • 5 High-Momentum Bank Stocks with Big Dividends

    When tech stocks are flying high, it can be easy to forget about the steady, dividend-paying stocks that often stabilize a portfolio.

Peer companies

  • Barclays PLC (BCS)
  • Bank of Montreal (BMO)
  • The Bank of Nova Scotia (BNS)
  • ING Groep N.V. (ING)
  • Itaú Unibanco Holding S.A. (ITUB)
  • Lloyds Banking Group plc (LYG)
  • Nu Holdings Ltd. (NU)
  • Sumitomo Mitsui Financial Group, Inc. (SMFG)

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