CIBC (CM)
Links Canadian banking with U.S. commercial, wealth, and capital-markets operations.
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Provides personal and business banking, commercial banking and wealth management in Canada, alongside a distinct U.S. commercial-and-wealth platform and Capital Markets. The model relies on deposit funding, credit performance, regulated capital and liquidity, and coordination across its Canadian and U.S. operations.
Combines Canadian Personal and Business Banking with Canadian Commercial Banking and Wealth Management, forming the core of a diversified banking franchise rooted in Canada. U.S. Commercial Banking and Wealth Management adds a distinct cross-border platform, while Capital Markets completes the business mix.
Built the U.S. platform around the Atlantic Trust and PrivateBancorp acquisitions after an earlier reduction in wholesale risk. Digital-first personal banking, affluent and private wealth, cross-business connectivity, and simplification are stated operating priorities.
Governed by Canada's Bank Act, the model depends on regulated capital and liquidity, credit performance across lending books, deposit funding, and coordination among Canadian, U.S., wealth, and capital-markets operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Desjardins | Downgrade | ||
| Jan 9, 2025 | RBC Capital | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $10.91B · Total debt $126.54B · Total assets $838.24B · Shareholders' equity $47.82B
- Revenue
- $11.53B
- Operating income
- $2.22B
- Net income
- $1.71B
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yieldUpcoming
| Institutions | 46.33% | 429.30M shares | |
|---|---|---|---|
| 610 holders · as of Jun 30, 2026 | |||
| Other | 53.67% | 497.31M shares | |
| remainder | |||
926.61M company shares as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Royal Bank of CanadaInstitution | 6.86% | 63.56M | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 4.59% | 42.55M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.04% | 28.14M | as of Jun 30, 2026 |
TD Asset Management IncInstitution | 2.15% | 19.91M | as of Jun 30, 2026 |
Toronto Dominion BankInstitution | 1.56% | 14.50M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Royal Bank of Canada
Broadest Canadian overlap across banking, wealth and capital markets
- Toronto-Dominion Bank
Canadian banking, U.S. banking, wealth and wholesale overlap
- Bank of Montreal
Direct North American overlap, including U.S. commercial banking
- Scotiabank
Canadian banking, wealth management and wholesale banking overlap
- Nano Labs (ADR)
Smaller but broad Canadian banking, wealth and markets competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CIBC | $115.08 | −1.01% | $107.73B | 15.6 | 15.7 | 2.4 | −17.4% |
| Royal Bank of Canada | $204.21 | −0.96% | $286.56B | 18.2 | 17.6 | 2.8 | −22.1% |
| Toronto-Dominion Bank | $123.21 | −0.67% | $209.57B | 18.6 | 16.9 | 2.6 | −22.1% |
| Bank of Montreal | $174.59 | −1.47% | $124.11B | 20.3 | 16.3 | 2.2 | −20.6% |
| Scotiabank | $94.85 | −0.52% | $116.24B | 17.4 | 15.4 | 2.3 | −42.3% |
| Nano Labs (ADR) | $2.44 | +3.83% | $158.2M | — | — | 0.0 | −64.6% |
| Median | 18.4 | 16.6 | 2.3 | −22.1% |